Estate agents have backed the “encouraging signs” from the latest HMRC property transactions data.
The latest figures from the taxman show the provisional seasonally adjusted estimate of the number of UK residential transactions in May 2026 was 98,450, 17% higher than May 2025 and 2% lower than April 2026.
The provisional non-seasonally adjusted estimate of the number of UK residential transactions in May 2026 is 92,390, 13% higher than May 2025 and 7% higher than April 2026
Commenting on the data, Nathan Emerson, chief executive at Propertymark, says: “An increase in both month-on-month and year-on-year figures for non-seasonally adjusted housing transactions is an encouraging sign that buyers and sellers continue to have the confidence to move despite ongoing economic pressures.
IMPORTANCE OF ACCURATE PRICING
Our member agents are reporting that well-priced homes continue to attract strong interest, particularly where there is a good choice of stock available.
“However, maintaining this momentum will depend on improving housing supply and creating greater certainty for consumers. Stable economic conditions, affordable borrowing, and policies that support homeownership are all essential if we are to keep the market moving and give people the confidence to make long-term decisions.”
ACTIVITY BUILDING
Nick Leeming, chairman of Jackson-Stops, adds: “The HMRC figures showing an increase in housing transactions are an encouraging sign that activity is continuing to build, despite a market that remains shaped by affordability pressures and cautious buyer sentiment.
“Across the Jackson-Stops network, we saw both new listings and buyer viewings increase throughout May, reflecting growing confidence among those looking to move.
“While buyers remain selective and negotiations are taking longer than they have in recent years, there is clear evidence that underlying demand remains resilient where homes are priced appropriately and sellers are prepared to meet the market.
“We continue to see the greatest momentum in family and lifestyle markets, with upsizers driving a significant proportion of activity as households prioritise space, flexibility and long-term value.
“Although conditions remain more measured than during the post-pandemic market, today’s figures suggest the market is gradually finding a more sustainable rhythm, underpinned by realistic pricing, improving supply and motivated buyers.”
