Housing supply has peaked at the highest level in seven years while demand is also up with nearly 500,000 properties listed for sale during the first half of the year according to property data firm TwentyEA.

At the same time, numbers of buyers have increased by almost 7% year-on-year so far in 2025, it says.

30% higher

Year-to-date transactions are also 30% higher than in 2024 and the average UK residential asking price in Q2 was £458k, an increase of £24k from Q1.

TwentyEA says this “market resilience” comes despite the stamp duty changes in April.

It’s not all good news however, and Q2 saw an 8.7% drop in exchanges compared to the same time last year.

Rental stock drops

In the rental market, lets agreed are 6.3% higher than 2024 and are also at their highest level in seven years. However, the available stock for renters is 19% lower compared to 2019.

Based on the mix of rental stock available, the average asking price is now £1,814 per month, up by £47 from Q1.

Q2 2025 is characterised by strong transactional activity across sales and lettings.”

Katy Billany, Executive Director at TwentyEA, says: “Q2 2025 is characterised by strong transactional activity across sales and lettings.

“While overall demand remains resilient, slower transaction timelines and rental affordability issues point to systemic issues that could dampen momentum if left unaddressed.”

Other findings from TwentyEA’s latest Property & Homemover Report:

• Between January 2024 to May 2025 only 55.5% of properties listed nationally will go on to sell.
• Properties in Scotland had the highest likelihood of sale, with 77.7% of all advertised properties.
• London recorded the lowest, with only 37.1% of listed properties.
• Overall, it was easier to sell a property in the North and Midlands than it was in the South.
• Terraced and semi-detached houses had a likelihood of selling of 61.4% and 60.3% respectively.
• Flats had the lowest chance of selling, likely due to factors such as leasehold complications, cladding and safety regulations, and post-pandemic lifestyle changes favouring homes with gardens and home offices.
• Three-bedroom properties proved most popular, with the chance of selling at 57.8%. Following closely behind were two-bed homes at 53.4%, while studios fell short at just 38.9%.
• The online/hybrid agency market continues its downward trajectory from a high of 8.2% in 2019 to just 4.8% of all residential property exchanges in Q2.
• A notable ‘changing of the guard’ has taken place, with eXp surpassing Purplebricks to claim the number one slot for new instructions within this sector, while Yopa holds third place.
• In fact, eXp are not just the number one brand for the online/hybrid sector, they’re the largest brand in the country in Q2 for new instructions.
• Compared with Q2 2024, the number of instructions listed by Purplebricks dropped by 25%, whilst in the same period, eXp’s new instructions were 48% higher.
• Within the 4.8% of exchanges, the self-employed agents’ market share rose to 2.3%, reflecting eXp’s growth.

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