TwentyCi Property & Homemover Report – Year End 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 residential research and property change sources available.
Our report provides a real-time review of the UK housing market in Q4 2020, covering 99.6% of all sale and rental moves. This property market analysis and 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 UK housing market, including:
- Factual data (not modelled or sentiment-based)
- Full market coverage
- Demographic overlay
- Property sales data
- Property rental data
UK Property Research Headlines – Q4 2020:
- The pandemic property surge – Sales agreed for 2020 surpassed 2019 by over 10% fuelled by a combination of monetary policy (low interest rates), a generous fiscal policy (furlough payments and a stamp duty holiday) and a significant change in consumer preferences (rural locations and additional space).
- The retailers life raft – There are currently over 550,000 property sales agreed, with an estimated value to the economy of homemovers in excess of £12 billion per annum according to Aviva (outside of the transaction value). This value is widely considered to add 3% to GDP per annum.
- Brexit Impact – So far, we have not seen a discernible impact from the Brexit deal concluded somewhat at the eleventh hour and still not fully understood in terms of its’ housing market impact.