For those of you who like to keep one eye firmly on the house-moving market, the latest edition of the TwentyCi Property & Homemover Report, providing a comprehensive review of the UK property market, created from the most robust property change sources available.
The headline news is:
• Each year in the UK 4 million people move house with an annual average total spend of £12billion* (excluding property & transaction costs) – within 18 months of a move. This high-value audience can be targeted precisely by retailers across all sectors including DIY, furniture, tech, electricals, automotive and sport & leisure
• Exchanges rise 6% year on year to 992,000 properties along with a 2% increase in new instructions
• Online agents market share holds steady at around 7%
Within the report, they provide a realtime review of the UK market, covering 99.6% of all sale and rental property moves. This state of the nation report provides unique insight into the people behind the numbers, creating a picture of the demographic, regional and socioeconomic factors impacting the housing market, including:
• Factual data (not modelled or sentiment-based)
• Full market coverage • Demographic overlay
• Property sales data • Property rental data
AN OPTIMISTIC LANDSCAPE
The second quarter of the year has shown signs of positive activity in the marketplace, with property exchange volumes up 6% year on year, indicating sustained consistency to the levels we reported for the first quarter of 2019. There is also a small uplift in new properties coming onto the market, in comparison to the same period last year; a further signal that confidence may be strengthening.
Whilst the ongoing saga that is Brexit further extends and the impact of any decision remains to be seen, it’s likely that homeowners are simply getting on with the matter of moving house rather than considering this a legitimate reason to delay any longer. Colin Bradshaw TwentyCi’s Chief Customer Officer, adds: “It’s worth keeping in mind that consistent to our previous reporting, the current political climate has brought about an overall slower moving market; one which requires careful monitoring over the next few months.
The overall picture is encouraging however, with signs of growth maintained for the three months to the end of June. Consumer confidence may yet to have fully made a return but there are indications