TwentyCi Property & Homemover Report – Q2 2018
Published quarterly, TwentyCi’s Property & Homemover Report is a comprehensive review of the UK property market, created from the most robust property change sources available – providing a real time review of the UK market and covering 96.6% of all property moves (both sales and rentals).
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
- Real-time data
Key take-outs for Q2 2018
- Confidence is still building. With new instructions up nearly 7% year on year, house prices remain stable with no significant discounting.
- Online agents are on the rise. Online estate agents now represent nearly 8% of all exchanges, an increase of 13% from Q1 to Q2.
- London remains an enigma. London continues to operate its own unique property ecosystem. The average asking price is up 3.1% in Q2, an increase seemingly generated by a lack of available properties.
- Smaller homes are the biggest sellers. Terraced and semi-detached houses continue to make up the largest proportion of property sales, accounting for over 55% of all exchanges.
- The Silver Economy is going from strength to strength. Baby boomers’ appetite for property continues unabated, with exchanges up 10% year on year.
- Realised prices vary by value. A review of 2017 listed prices compared to the price actually achieved shows an average discount of up to 4% for properties sold for less than £1m. The realised value of properties over £1m, however, shows an average discount of 8%.