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 February 2026 is 102,410, 6% lower than February 2025 and 6% higher than January 2026, Nick Leeming, Chairman of Jackson-Stops, comments:
"February’s HMRC property transactions data points to a housing market that remains resilient. Activity levels suggest a measured start to the year, with buyers proceeding thoughtfully as mortgage rates continue to fluctuate, encouraging a more considered and deliberate approach to decision-making.
"This marks a clear contrast to the same period last year, when buyers were actively rushing to complete transactions ahead of the stamp duty changes introduced in April 2025. That surge in activity inevitably pulled forward a degree of demand.
"Across our network, we have recorded a noticeable increase in new instructions, particularly in coastal locations and well-connected commuter hotspots. Branches such as Newmarket and Taunton have seen property instructions more than double month-on-month, reflecting growing seller confidence as we move toward the spring market. Encouragingly, properties priced in line with current market conditions are attracting meaningful interest and progressing to exchange, while those positioned above market expectations are continuing to require greater patience and careful negotiation."
