Landmark residential property trends report Q2 ‘25 – July 2025

Property market holds steady but affordability remains key barrier to marketgrowth

Landmark’s recent report features the latest data on residential property transactions,including listings, SSTC/SSTM figures, search orders and completions.

Our data reveals muted market momentum following a stamp duty-fuelled surge in March. Completions cooled in Q2 compared to 2024 levels – veering from a 79%year-on-year uplift in March to a 32% dip in April.

Listings volumes were up 5% on 2024 levels, indicating a continued strong intent to move. However, affordability continues to constrain demand fromprogressing.

The market in Scotland remained consistently stable with stronger market momentum translating into listings volumes that were up 14% on Q2 2024.Meanwhile, volumes of Sold Subject to Missives (SSTM) and completions trackedin line with last year’s volumes.  

Other key findings from Q2 '25 include:

• Listing volumes in England and Wales were up 5% in Q2 '25 compared to Q2 '24
• In Scotland, listings were up14% in Q2 '25 vs Q2 '24
• In England and Wales, SSTC volumes in Q2 '25 were down 7% vs Q2 '24
• SSTM levels in Scotland were down 3% compared to Q2 '24 
• Completion volumes in England and Wales were down 20% in Q2 '25 vs Q2 '24
• In Scotland, listings were up 14% in Q2 '25 vs Q2 '24

Download your copy of the Cross Market Activity edition for England, Wales and Scotland,which includes the latest residential property market data and insights for Q2 2025.