Phoebus comment on HMRC Property Transactions

27 June 2025

Richard Pike, chief sales and marketing officer at Phoebus Software, says:

“After a quieter April, today’s data showing a rebound in property transactions for May is no surprise. April activity was artificially suppressed following the rush to complete in March ahead of the stamp duty deadline, so what we’re seeing now is a return to a more stable trend.

“Encouragingly, interest rates have now settled at a level where buyers can make clearer, more confident decisions about what they can afford. Swap rates remain favourable, and this stability is allowing lenders and borrowers alike to plan with greater certainty. There’s real effort from the industry to boost the market, particularly at the first-time buyer end, where efforts like 95% and even 100% mortgages are helping to stimulate activity. But consumer confidence is still the linchpin and with global economic pressures looming, such as the end of Trump’s tariff pause on 9th July, the industry will need to continue to work hard to maintain this positive trajectory.”