UK Property Market Update November 2025

Insights from the Latest HMRC “UK Monthly Property Transactions Commentary"

The UK property market continues to show signs of stability and gradual adjustment as we move toward the end of 2025.

According to the latest HMRC report, “UK Monthly Property Transactions Commentary”, both residential and non-residential property transactions have maintained steady levels, reflecting a market that’s evolving rather than declining.

Overview: A Market Finding Its Balance

The HMRC commentary reveals that seasonally adjusted residential property transactions have seen a small month-on-month change, while year-on-year figures show a slight decline compared with 2024. This shift reflects the lasting impact of higher mortgage rates and affordability constraints, yet also highlights the underlying resilience of UK housing demand.

At the same time, non-residential property transactions remain consistent, suggesting a cautious but stable appetite from investors and businesses despite broader economic uncertainty.

Residential Property Trends

Residential transactions dipped slightly from last year’s levels, indicating that buyers are still adjusting to the new financial climate. However, the figures remain above long-term averages, confirming that the demand for property ownership remains strong, particularly in areas offering good value or regeneration potential.

As the Bank of England maintains a steady base rate, many analysts predict a renewed wave of buyer confidence in early 2026, especially if inflation continues to cool.

Non-Residential & Investment Market

Commercial property activity remains steady, with investors continuing to pursue strategic acquisitions in resilient sectors such as logistics, mixed-use, and residential conversions. The data suggests that while large-scale speculative development has slowed, long-term investors are positioning for stability and value growth in key regions.

What This Means for Buyers & Sellers

For buyers, the current market offers an opportunity to negotiate more effectively, as competition has eased compared to the post-pandemic surge.
For sellers, success now depends on realistic pricing and strong presentation. Aligning your asking price with accurate comparables and recent local transactions is essential.

At Elite International Real Estate, we use data-driven insights, including reports like HMRC’s Monthly Property Transactions Commentary, to help our clients price accurately, market strategically, and sell confidently.

Key Takeaway

The UK housing market is entering a phase of stabilisation and recalibration. While transaction volumes are lower than in the boom years of 2021–2022, the recent data points to a more balanced and sustainable market moving forward.

For investors, homeowners, and developers alike, understanding these trends is crucial in planning your next move.

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Whether you’re buying, selling, or developing property in London or across the UK, our expert team at Elite International Real Estate can help you make data-backed decisions that maximise returns.

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