Figures for seasonally adjusted residential transactions in November 2025 have increased by 1% from 99,060 in October to 100,350.

This is the highest seasonally adjusted residential transaction figure since March 2025.

Non-seasonally adjusted residential transactions decreased by 12% in November 2025 relative to October 2025.

Seasonally adjusted non-residential transactions have seen an increase, with figures for November 2025 13% higher relative to October 2025 and 20% higher than in November 2024.

This increase coincides with Budget 2025, a trend also seen last year when transaction volumes increased in October 2024, around the Autumn Budget.

Non-seasonally adjusted non-residential transactions are marginally lower (less than 1%) relative to October 2025.

In response, Tony Hall – head of business development at Saffron for Intermediaries – says: “Despite the Budget at the end of November … there was little immediate disruption to the housing market.

“It is therefore no surprise that transactions increased as buyers and investors moved to complete purchases ahead of these changes.

“High-street, specialist and complex lenders continue to develop innovative products to meet borrowers’ needs, while competition across the market is keeping mortgage rates attractive.”

Mark Harris, chief executive of mortgage broker SPF Private Clients, adds: “Lenders continue to reduce their mortgage rates, with HSBC, Barclays and Halifax all cutting pricing this month, and others expected to follow suit.

“With two-year fixes starting from 3.5% and five-year fixes from 3.7%, rates are becoming increasing palatable, which is good news for those buying and remortgaging this year.

“With perhaps up to three further base rate cuts expected by the markets this year, affordability is easing.

“However, government stimulus in the form of a revised Help to Buy scheme would help boost the number of first-time buyers in the market – important in increasing transaction levels up and down the property ladder.”