TwentyCi comments on HMRC property transactions

28 August 2026

Colin Bradshaw, CEO at TwentyCi has provided the below comment:

The fall in seasonally-adjusted property transactions in July highlights the more cautious environment facing the housing market. However, despite the latest HMRC figures, TwentyCi remains positive about the underlying market and has revised its 2026 forecast upwards to 1.16 million transactions – 4.4% below 2025, but 5.2% above 2024.

The bigger concern for the mortgage market is whether this softer activity continues into the autumn. TwentyCi’s sales agreed data is already 5.1% lower year-on-year, with demand being affected by mortgage affordability constraints and wider economic uncertainty. Mortgage rates remain sensitive to swap rate movements and household confidence continues to face pressure, suggesting lenders should expect a market that remains active, but where affordability and borrower confidence will continue to constrain the pace of transactions.