The UK residential property market has seen a rise in buyer confidence, with over 90,000 transactions in August 2024. This increase is attributed to better mortgage options and the Bank of England’s interest rate cut in July.  though seasonally adjusted figures showed a slight decline. 

HMRC data from August shows 90,210 transaction, a 5% rise on July’s figures.

Experts anticipate continued growth, though concerns over affordability persist. Non-residential transactions, however, dropped due to upcoming tax changes. Overall, transaction volumes are considered a better indicator of market health than price movements.