CONNELLS GROUP MARKET INSIGHTS REPORT - Q3 2025

Connells Group Q3 2025 Market Report

We’ve just released our Q3 2025 Connells Group Market Report, with insights from across the housing sector showing resilient activity and confidence in the market heading into the last quarter of the year.

So, what are our top takeaways?
🏡 New buyer applicants up, with first-time buyers leading the way – 8.5% above Q3 2025
🏡 4.2% less new home instructions
🏡 Almost 8% more available lettings stock than Q3 2025
🏡 15.6% more mortgage applications year-on-year
🏡 45.9% annual increase in buy-to-let remortgage activity

The UK housing market remained resilient in Q3, with both sales and applicant registrations rising year-on-year, driven by strong first-time buyer demand, despite wider economic pressures.

The new homes market continued to be impacted by ongoing delivery and planning constraints resulting in a reduction in new home instructions, although the regional picture shows pockets of stronger activity in more affordable areas.

While the lettings market faced some challenges, improved stock levels and active landlords signalled confidence, supported by a surge in buy-to-let remortgages.

Meanwhile, the mortgage sector was the standout performer, with application volumes boosted by remortgage activity and easing affordability requirements.

Looking ahead to Q4, seasonal trends and the Autumn Budget will be key influences, but current momentum suggests a positive outlook for the months ahead.