Home sales in the United Kingdom increased by 17 percent in May compared to the same month the previous year, according to data released by HM Revenue & Customs (HMRC). An estimated 98,450 properties were sold during May 2026, marking a notable rise from May 2025 figures, though the total represented a slight 2 percent decrease from April 2026.

The year-on-year growth is largely attributed to the low transaction levels recorded in April and May 2025, which followed changes to stamp duty thresholds. These changes had prompted a surge in transactions earlier in 2025, as buyers sought to complete purchases before reductions to stamp duty discounts took effect. Consequently, activity was concentrated in the months leading up to the deadline, causing a temporary dip in sales once the new taxation rules were implemented.

Despite the moderation compared to April, the overall housing market in May 2026 demonstrated resilience, indicating continued buyer interest following last year’s adjustment period. HMRC’s figures underscore the ongoing impact of tax policy on property market dynamics, with stamp duty thresholds playing a significant role in timing and volume of transactions.

The increase in home sales contrasts with previous downward trends seen during periods of fiscal policy changes, suggesting a stabilization phase as the market adjusts to the current regulatory environment.