Quilter says UK property transactions stay subdued as June volumes rise less than 1%

Reuters2026/07/31 09:45

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Quilter flagged a still-fragile UK housing market as June residential transactions rose less than 1% to 98,700, up 2% year on year.
Net mortgage borrowing jumped to GBP 7.7 billion in June from GBP 3.3 billion in May; purchase approvals increased to 58,200.
Approvals stayed below the prior six-month average of about 61,400, pointing to demand that has improved but remains short of recovery levels.
Affordability pressure, rate-path uncertainty, geopolitical tensions, and a weaker global outlook were cited as key constraints on buyer confidence.
Transaction volumes likely to remain subdued until affordability improves and households gain confidence that borrowing costs will fall.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Quilter plc published the original content used to generate this news brief on July 31, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Quilter says UK property transactions stay subdued as June volumes rise less than 1%

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