Landmark residential property trends report Q3 ‘25

UK property market enters ‘suspended animation’ amid Autumn Budget speculation

Our Q3 2025 Property Trends Report reveals that the UK housing market entered a period of ‘suspended animation’ during the third quarter of the year, with uncertainty over potential property tax changes in the run-up to the Autumn Budget causing the market to adopt a holding pattern.

Across England and Wales, there was a 1% drop in new property listings year-on-year. Sales agreed (SSTC) were 6% lower than in Q3 2024, while completion and search order volumes tracked in line with 2024 levels. Mortgage valuation numbers held steady, but remortgaging continued to drive much of the market activity. 

Other key findings from Q3 2025 include:

• Listings volumes were down 1% vs Q3 ‘24 volumes. 
• In Scotland, listings were down 4% in Q3 ‘25 vs Q3 ‘24.  
• SSTC volumes in Q3 ‘25 were down 6% compared to Q3 ‘24 volumes. 
• SSTM levels in Scotland were up 4% in Q3 ‘25 vs Q3 ‘24.  
• Completion volumes were up 1% in Q3 ‘25 compared to Q3 ’24. 
• In Scotland, completions were up 10% in Q3 ‘25 vs Q3 ‘24.

Download the report for the latest trends affecting the residential sector in Q3 2025.