Phoebus comments on HMRC property transactions

31 July 2025

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

“Today’s rise in residential transactions builds on the momentum we saw in May as the market continues to stabilise after the volatility earlier this year. Following the distortions created by the March stamp duty rush and the April lull, we’re now seeing the beginnings of a more sustainable trend.

“With interest rates holding steady at 4.25% and swap rates remaining favourable, borrowers are regaining some confidence in their ability to plan ahead. First-time buyer initiatives such as 95% and 100% mortgages are also continuing to support demand at the lower end of the market.

“That said, the broader economic picture remains mixed. Inflation has crept up again, and higher utility bills and tax pressures are squeezing disposable income. Globally, the expiry of Trump’s tariff pause earlier this month adds another layer of uncertainty that could filter through to consumer confidence.

“But for now, the rise in activity is encouraging. The industry must continue to push for innovation, flexibility and digitisation to maintain momentum – especially if we want this recovery to translate into longer-term resilience.”