House sales edge up 2% annually

UK house sales in August rose 2% year-on-year to an estimated 93,630, though this was 2% lower than July, following three months of consecutive increases, according to HMRC. Mortgage approvals for house purchases also fell slightly, from 65,161 in July to 64,680 in August, reflecting cautious buyer sentiment. Experts noted that while the market shows steady annual growth, economic uncertainty and high interest rates are prompting some homeowners to reconsider moving. Easing mortgage costs and softening house prices are helping to restore confidence, but upcoming events, including the November Budget and Bank of England decisions, will influence future transactions. Overall, analysts expect sales volumes to remain broadly in line with current levels. 

City AM (01/10/2025)   Daily Mail (01/10/2025)   The Independent (01/10/2025)   The Standard (01/10/2025)