One in Four UK Landlords Set to Sell Amid Tax and Rule Changes
A quarter of UK landlords plan to sell rental properties within a year, rising to a third over five years, according to HMRC data. Key drivers include rising tax burdens, tougher regulations, and administrative hassle. The trend threatens rental supply just as tenant demand remains high.
Homebuyers Prioritise Speed Over Savings Amid Rising Conveyancing Fees
A recent study by Smoove reveals that over half (51%) of UK homebuyers now value a quicker property transaction over saving money on conveyancing fees. This shift comes despite a 17% year-on-year increase in total conveyancing costs, reaching £1.9 billion in 2024. The research also found that 62% of buyers encountered unexpected expenses during their transactions, with 27% citing these unforeseen costs as the most frustrating aspect. The average property transaction is now taking a month longer than anticipated.
May Sees Highest Home Sales Since 2021 Pandemic Boom
May 2025 marked the busiest month for UK home sales since the 2021 pandemic boom, with sales agreed rising 6% year-on-year. This surge is attributed to a 13% increase in homes for sale compared to the previous year and improved mortgage affordability, allowing buyers to borrow up to 20% more. However, average sale prices are 3% below asking prices, indicating a need for realistic pricing. While house price growth remains modest in southern England, cities in the North West, such as Blackburn and Liverpool, are experiencing stronger price gains due to increased demand and employment growth.
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