HouzeCheck comments on HMRC UK monthly property transactions

31 October 2025

Reacting to the HMRC transactions data, Richard Sexton, commercial director of proptech surveyor portal HouzeCheck, said:

“The numbers would be higher if people weren’t hanging back for the Budget. And that doesn’t necessarily make sense. I think there’s next to no chance, for instance, that Rachel Reeves is going to introduce some radical new solution to taxing property – replacing council tax, say, with an annual levy based on a proportion of the value of each home. That would represent a revolutionary overhaul of the way property is taxed: the government doesn’t have the appetite for it. And we’re not going to get a land value tax applied equally to all land, whether or not a house has been built on it – not in a million years.

“But there is an emotional component to the decision to move home or to buy a house. People make irrational decisions and get scared even when they don’t need to.

“Once the Budget is out of the way, I think we are going to see a lot of pent-up demand bursting out of the gates.”