Sales Information
Overall Government housing date shows a marginal increase in the volume of seasonally adjusted transactions compared to February 2026, however, this volume is at its higher level since March 2025.
March 2025 was the last month ahead of significant changes to Stamp Duty Land Tax and therefore is artificially inflated, with sales being brought forward wherever possible.
- UK residential transactions in March 2026- 104,070,
- 41% lower than March 2025
- 1% higher than February 2026
These statistics represent completions which are on average two to four months after an initial offer is made on a property. They do not necessarily represent the current strength of the property market.
The average UK price for a property has increased on the year to March, although this varies between the type of property
Source Zoopla
House prices in Derby have an overall average of £245,871 over the last year.
The majority of properties sold in Derby during the last year were semi-detached properties, selling for an average price of £227,088. Detached properties sold for an average of £356,369, with terraced properties fetching £170,817.
Overall, the historical sold prices in Derby over the last year were 2% down on the previous year and 4% up on the 2022 peak of £237,435.
Source Rightmove
Recent Select Property Market Influences · As widely expected, The Bank of England held interest rates at 3.75% on 30 April. The vote was certain, with an 8-1 majority, with just the one member wanting an increase to 4%
There was consensus that given a combination of tax increases and the ongoing uncertainty in the World, leading to an increase in manufacturing costs bases, that inflation would increase as the year moves forward. Broadly this will indicate that mortgage rates may need to rise
There are signs that major high street lenders have begun to reduce mortgage rates, after the recent increases following the Middle East conflict. This is naturally welcome news for Borrowers and those looking to make a first purchase, however with resolutions in the Middle East still not concluded and the uncertainty over the recent local elections, then it is unclear how long this trend may continue.
In 2025 average Bank of England base rate was 3.75%. Average mortgage products around this time were:
- 2Yr Fixed 4.90%
- 5yr Fixed 4.50%
- 2Yr Variable 5.20%
Summary
The housing market, as with most other sectors continues to be influenced by world events, however, does show a certain resilience and predictability. We feel it’s important for anyone looking to buy a house, or with mortgage products coming up for renewal, that you take the time out to speak with a mortgage adviser, who has access to a number of providers, as well as your existing lender for initial advice. Please be clear on the restrictions of your mortgage advisor.
The views expressed in this article should not be taken as any form of advice to be relied on, to enter into any agreement