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.

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 Bank of England has once again opted to hold its base interest rate at 3.75%, marking the fourth consecutive pause in monetary policy. While widely expected, this latest decision carries significant implications for homeowners, landlords, buyers and sellers across the UK property market.

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 Research shows removing this outdated tax—especially for property traders—could dramatically boost transactions and help get the market moving again.