Phoebus reaction to HMRC property transactions
31 July 2026
Richard Pike, sales and marketing director at Phoebus Software:
"A modest uptick in June's transactions fits with the wider picture we're seeing elsewhere - inflation has cooled more than expected, mortgage approvals ticked up slightly in June's money and credit data, and the year-on-year comparison should be less distorted now we’re 15 months on from last year's stamp duty deadline.
“That said, I'd be cautious about reading too much into one month's improvement. These figures reflect decisions made before recent rate increases, so doesn’t necessarily tell us much about appetite going into the autumn. Buyers and lenders alike are still navigating real uncertainty, and the next few months of data will tell us far more than this one."
