In response to the HMRC property transactions data published today which showed that on a seasonally adjusted basis the number of UK residential transactions in December 2025 is 100,440, 5% higher than December 2024 and marginally lower (less than 1%) than November 2025, Nick Leeming, Chairman of Jackson-Stops, comments:

“December’s HMRC data will largely reflect deals agreed before the November Budget. The figures are completion-based, so December’s data principally reflects transactions agreed in late summer or early autumn, rather than current market activity.

“Beneath the surface, buyer interest was strong in December 2025. Our branch data shows new applicant registrations up on the previous year, with some locations, particularly coastal markets, seeing numbers double. There was also a clear urgency to get deals agreed, suggesting buyers saw prime regional markets as good value and wanted to secure property at current prices.

“Looking ahead, buyer demand appears on course to return towards 2024 levels, supported by declining average mortgage rates and a more predictable borrowing environment. Buyers remain selective and value-driven - accurate pricing will be crucial in 2026. Well-priced homes attract strong interest, while over-ambitious pricing risks slowing a sale. Overall, the market is set for a modest, sustainable uplift, underpinned by improving demand, realistic pricing and available stock.”