Nathan Emerson, CEO of Propertymark, responds to the latest UK monthly property transactions commentary from His Majesty's Revenue and Customs (HMRC).
Despite an economy that still has challenges to overcome, it is reassuring to witness resilience in the number of completed housing transactions as we stepped into 2026, when looking at provisional seasonally adjusted figures.
It has been pleasing to see Propertymark member agents report what has been an uplift in the number of first-time buyers completing on a property when comparing figures both month on month and year on year.
We are starting to see many key elements of the housing market once again moving in better harmony, although there are still challenges to overcome.
Earlier this month, we observed the rate of inflation dip downwards to 3%, giving hope the Bank of England may feel confident enough to potentially lower the base rate next month when the Monetary Policy Committee next meet.
