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
ACTIVITY
Stable, with buyer registrations holding at 74 per member branch and sales agreed rising modestly.
HOUSE PRICES
Average UK price at £290,395 in May 2025; limited year-on-year growth except in Northern Ireland.
VOLUMES AND SUPPLY
Transactions remain below May 2024 levels. Stock levels static at 38 per member branch; new instructions and appraisals edging downwards.
MORTGAGES
Lending volumes are rising, but affordability pressures persist, with the value of arrears increasing.
Residential lettings
Demand
Registrations fell to 57 per member branch, and demand still significantly exceeds supply.
Rental Market
Rents up 6.7% year-on-year; void periods shortened to 3 weeks, reflecting strong demand.
Regional Insight
London and North East highlight supply shortages, while Surrey reports fast lets for well-priced homes.
