OPDA comment on HMRC Property Transactions

30 April 2025

Maria Harris, chair of the Open Property Data Association, says:

“Residential transactions have risen yet again which is not surprising given the rush to complete transactions ahead of the stamp duty deadline. With the Bank of England hinting at further rate cuts this quarter, we could see more stability in mortgage pricing which could help to maintain this momentum further into the year.

“We know that homebuying transaction volumes are closely aligned with consumer confidence, yet the home buying and selling process remains a frustrating one for consumers and the industry, often resulting in a poor experience for everyone. Simplifying and improving transparency in property transactions, for buyers, sellers, and professionals alike, has never been more urgent. But to achieve this, we need government and industry to deliver accessible, trustable, and secure data. Digitising property information and enabling it to be shared through open standards is a critical step toward the transformation the industry so badly needs.”