US Edition‘Busiest May for House Sales Agreed Since 2021’ as Hotspots Revealed
- In May 2025, Great Britain experienced its highest level of agreed property transactions since 2021, with notable increases in activity in locations such as Heywood, Pudsey, and Wilmslow.
- This increase came after a stretch of elevated mortgage costs, as the typical interest rate for a five-year fixed mortgage fell from 6.11% in July 2023 to 4.61% by May 2025.
- Buyers are seeking value amid stretched affordability, reflected in increased sales in lower-priced hotspots and a decade-high number of sellers in the market.
- Heywood’s sales rose 88% year-on-year with an average price of £205,221, while Pudsey and Wilmslow saw increases of 85% and 66%, respectively, supporting this trend.
- Experts expect more properties on the market in summer, providing buyers more choice and easing negotiations, which could sustain the housing market’s current momentum.
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Strongest May for home sales in four years: Rightmove – Mortgage Finance Gazette
Last month was the busiest May for agreed home sales since 2021 and of any month since March 2022, the latest analysis from Rightmove shows. Despite fears of a lull after buyers rushed to beat the stamp duty increase on April 1, the figures suggest… The post Strongest May for home sales in four years: Rightmove appeared first on Mortgage Finance Gazette.
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