TwentyCi Property & Homemover Report: The Pandemic Edition
Published by TwentyCi on 20th October 2020 -
Welcome to 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.
Our publication was paused for Q1 & Q2 2020 as a consequence of Covid-19 but we are pleased to recommence our reports by focusing extensively on how the residential property market is performing in a post-Covid world where local lockdowns, restricted liberties and economic concerns are a daily occurrence.
Our report provides a real-time 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 socio-economic factors impacting the housing market, including:
- Factual data (not modelled or sentiment-based)
- Full market coverage
- Demographic overlay
- Property sales data
- Property rental data
- In comparison to Q3 2019, New Instructions are up by 36% and Sales Agreed by 53% and whilst an element can be attributed to pent up activity from lockdown this is not the full picture.
- With the post lockdown surge of transactions, the challenge will now be for the conveyancing ecosystem to expand to manage the level of activity within a reasonable time period notwithstanding the pressure that will be brought to bear by the conclusion of the Stamp Duty holiday at the end of March 2021.
- Retailers are reporting record figures as both those who are moving and those looking to improve their homes (where they are now spending more time) invest in their living environments.