Political change and property have always been closely linked in the UK, and Keir Starmer's resignation has once again brought this relationship into sharp focus.

The UK property market is entering a new phase—one defined not by sharp shocks, but by gradual, meaningful shifts in behaviour. The latest data surrounding landlord activity offers a clear indication of this transition, revealing a market that is recalibrating in response to both economic pressures and legislative change.

The UK housing market continued to shift in favour of buyers throughout May, as transaction levels softened slightly and supply continued to outweigh demand in many areas. While headlines may focus on small percentage changes, the underlying story is far more significant.

Stamp Duty is one of the biggest reasons the UK property market has slowed, restricting movement and causing deals to fall through. Research shows removing this outdated tax—especially for property traders—could dramatically boost transactions and help get the market moving again.