Phoebus reacts to July property transaction data
28 August 2026
Richard Pike, sales and marketing director at Phoebus Software:
“A fall in transaction numbers underlines just how cautious the housing market has remained through the spring and early summer.
“But these figures need to be treated in context. Transactions are a lagging indicator, largely reflecting decisions made several months ago, so a weaker July number isn’t necessarily a fresh signal about where the market stands today.
“With volumes having been broadly stable in recent months, the key question is whether this is a temporary dip or the beginning of a more sustained slowdown.
“The next few months will be more revealing, as the data begins to capture decisions made against the backdrop of more recent mortgage rate movements and continued economic uncertainty.”
