Sales have increased across all price brackets, with the £350,000 to £1 million range experiencing the strongest growth at 9.5%, followed by the £200,000 to £350,000 segment at 8.8%.
Supply has also expanded year-on-year in all price bands. The £350,000 to £1 million range posted the highest growth at 5.8%, while the £200,000 to £350,000 segment grew by 5.5%. Outer London led regional supply growth at 8%, with notable increases also seen in the Midlands, East and North East.
“Despite the changes to Stamp Duty bringing a noticeable ‘hangover’ to the market throughout April and May, it bounced back with a spring in its step in June,” said Katy Billany (pictured right), executive director at TwentyEA. “Momentum has been further boosted by the most recent interest rate cut last Thursday to 4%, and will possibly fall further to 3.75% by the end of the year, injecting a renewed confidence into both buyers and sellers.
“When compared to 2024, 2023, and pre-pandemic 2019, demand volumes have been consistently higher in every single month of 2025 so far. Given this sustained growth, we’re confident 2025 will remain buoyant, with a healthy pipeline of deals for estate agents.
“We forecast transactions will be in-line with the pre-pandemic year of 2019 to reach 1.18 million by the end of 2025 – 7% higher than in 2024 which is exceptional news for estate agents.”