Housing Insight Report: April 2025

As the new Stamp Duty thresholds were introduced from April across England and Northern Ireland, it’s inevitable that a slowing in the pace of the market was to be noted. In the lettings market, we have seen a welcome jump in the number of properties on the market.

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This report is based on responses to a monthly survey of Propertymark member agents. The analysis is based on data provided by around 100 sales and 100 letting agents across the UK.

Residential sales

House prices see month-on-month uplift

The average UK house price stood at £271,000 in March 2025 (latest figures available). This highlights changes in the average house price year on year to March 2025 for each constituent part of the UK, with Northern Ireland continuing to see the largest growth during this period.

Sales volumes within the UK

Sales volume data is a lagging measure which reflects the UK residential sales transactions completed in the month. The latest provisional data for April 2025 shows non-seasonally adjusted sales volume has dipped compared to a year earlier. 

This figure will have been firmly driven by a rush to complete on properties on the lead up to Stamp Duty threshold changes for those in England and Northern Ireland at the start of April and demonstrate the after-affect to the market.

Residential lettings

Tenant demand

The number of new prospective tenants registered indicates market demand. Average number of registrations per member branch sat at an average of 93 in April 2025. 

Tenancies agreed broadly the same when compared to the month before

The average number of new tenancies agreed per member branch sits at an average of 8.76 in April 2025 (Figure 24). This figure remains broadly static month 
on month.

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