Sellers return to property market but buyers are much more cautious
Summary
Landmark’s Q3 2026 market overview says the housing market in England and Wales remains subdued but steady, with healthy stock levels and asking-price reductions not translating into stronger buyer activity. Rising borrowing costs, wider uncertainty and speculation ahead of the Autumn Budget are contributing to lower SSTC volumes, weaker search orders and fewer completions year-on-year.
Why it matters
For residential property surveyors, the report points to a market where valuations, transaction timing and buyer confidence are being affected by affordability pressures and slower conversion from listing to completion. It also reinforces the importance of early, reliable property information and coordinated transaction processes to reduce delays.
Key points
- Listings remained broadly steady, with September 2026 matching September 2025 levels.
- Buyer activity weakened, with SSTC volumes averaging 11% lower year-on-year in Q3 2026.
- Search order volumes were 12% lower on average year-on-year across Q3 2026.
- Mortgage valuation volumes were down year-on-year, indicating softer demand for lending-related work.
- Landmark and Ochresoft both highlight the need for earlier information sharing and less duplication in transactions.
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