| Q4 2025 saw 332,830 property transactions, up 3.1% year-on-year, defying the typical seasonal slowdown | Total transactions remained below Q4 2022 peak levels, reflecting ongoing market recovery rather than rebound | The number of active conveyancing firms fell by 13.7% over the decade, showing increased concentration |
Property transactions rose in the final quarter of 2025, research1 shows, recording strong year-on-year growth of more than 3%.
HM Land Registry recorded 332,830 property transactions in Q4 2025, up 3.1% from the same quarter a year earlier. This was a robust performance to end the year, with transaction volumes defying the typical seasonal slowdown. However, total transactions remained below the peak levels recorded in Q4 2022.
In contrast to the rise in transactions, the number of active conveyancing firms fell in 2025, the research showed. Analysts point now to a market that is increasingly concentrated; in the past decade, the overall number of active law firms has decreased by 13.7%.
Towards the end of December 2025, property transaction activity saw ‘renewed momentum,’ according to Landmark2, following some hesitation earlier in the quarter due to external economic and fiscal factors.
1Search Acumen 2026, 2Landmark Information Group 2026
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