Phoebus comments on HMRC property transactions
28 March 2025
Richard Pike, chief sales and marketing officer at Phoebus Software said:
“A peak in residential transactions in February was expected as buyers rushed to complete purchases ahead of the stamp duty deadline, mirroring trends seen before previous tax changes. While this has contributed to the uplift in today’s figures and is likely to be repeated in March data, we may see a slowdown in April as the market adjusts. Despite this, transaction levels remain significantly higher than this time last year, suggesting underlying demand is still strong. With interest rate cuts this year providing some support but broader economic pressures weighing on affordability, the coming months will be key in assessing whether market momentum can be sustained.”
