The latest research from GetAgent.co.uk has concluded that the UK property market is currently performing at its strongest since 2022, with both mortgage approvals and transactions at their highest average monthly levels in three years.
GetAgent analysed HMRC and Bank of England data on residential property transactions and mortgage approvals, looking at the year-to-date figures for 2025 and comparing the current average monthly numbers to historic figures for the same time period (January to June) to gauge how the market is currently performing.
The research shows that a total of 623,500 property transactions have taken place across the UK so far in 2025 (January to June), with 383,194 mortgage approvals for house purchases also recorded over the same period.
This equates to a monthly average of 103,917 residential property transactions and 63,866 mortgage approvals, the highest level of activity seen in the UK property market since 2022. For example, between January 2024 and June 2024, the market saw a far lower average of 87,912 transactions complete per month and 60,132 mortgages approved each month.
In 2023, the market saw a similar level of activity with respect to transactions with some 86,772 completing on average each month between January and June, whilst mortgage approval levels were down to 48,003 per month.
And, as it stands, current market performance is only slightly down on 2022 when 108,197 transactions completed on average whilst 67,666 mortgages were approved each month.
Colby Short, co-founder and CEO of GetAgent, commented: “The market is on course to post its strongest performance in a number of years, with a heightened level of transactions driven by consistently strong buyer appetites.
“While the stamp duty deadline did influence early activity, causing a notable surge in homes sold in the run-up, this was followed by a temporary dip in April.
“What’s more telling is that mortgage approvals have remained consistently strong throughout the year to date, suggesting plenty of buyer appetite to drive transactions through the remainder of the year. From the thousands of conversations our Client Services team has with home sellers each week, it’s clear many remain confident in the market, with about half of the introductions we facilitate proceeding to list within six months.
“All signs point to a sustained period of confidence and momentum in the housing market throughout 2025.”
Read the orginal article: https://propertyindustryeye.com/uk-property-at-its-strongest-since-2022-based-on-current-market-activity/
