- UK home sales experienced a 41 per cent decline in March 2026 compared to the same month in 2025, according to HM Revenue and Customs data.
- The significant annual fall is largely attributed to a surge in transactions in March 2025 as buyers rushed to complete purchases before the stamp duty holiday concluded.
- Around 104,070 properties were sold across the UK in March 2026, marking a 1 per cent increase from the previous month and the highest sales figure since March 2025.
- Mortgage rates, which had been easing, recently saw an uptick amid the conflict in the Middle East, potentially influencing future market activity.
- Property experts observe a degree of resilience in the housing market, but anticipate that the true impact of recent economic uncertainty and mortgage rate changes will become more apparent in the coming months.
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