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Phoebus comment on HMRC's Property Transaction data

30 September 2025

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

“This slight rise in non-seasonally adjusted residential transactions is hopefully a sign that confidence is starting to return to the market. The August rate cut from the Bank of England is likely beginning to filter through and we should see further momentum in completions over the coming months. The key question is what we’ll see from the budget and how the MPC moves in November – trying to balance inflationary pressure with rising unemployment.

“There’s also a structural supply issue at play. The government looks set to fall well short of its 1.5 million homes target by 2029, which could keep prices stubbornly high and limit options for those looking to move.

“This uptick should be seen as encouragement, but it also underlines the need for lenders, policymakers and tech providers to work together to reduce friction in the homebuying process and support borrowers through a challenging economic landscape.”