Half year industry statistics reveal an encouraging outlook for the domestic industry. The removals market saw a rise in the first six months of 2010 in comparison to 2009; It is pleasing to note that UK moves increased by almost 11%, with the month of February showing an increase of almost 22% this year.
Staff employed and vehicles in use continue to stabilise with similar figures reported this year and last year. Reports from the National Association of Estate Agents (NAEA) substantiate our findings, with them reporting a rise in demand for property in June. Accordingly housing stock is low, with demand outstripping supply and pointing towards a buoyant market as more people search for a new home. The latest Land Registry House Price Index Report reveal both House Price and Sales Volume for England and Wales have risen since January 2009 again pointing towards a recovering domestic market although December 2009 and January 2010 saw a sharp dip in sales volume.
According to The British Bankers’ Association ‘mortgage lending continued its spring rise into May with the number of mortgages approved for house purchases climbing to its highest level so far this year’.
Moves to European countries 2010 compared to 2009 by month have been erratic to say the least, with peaks and troughs throughout the six month period. Year to date figures however show approximately a 2% increase in 2010 compared to 2009. The International Removals market has seen a significant decrease during five of the six months resulting in an overall decrease of almost 17%.
In conclusion this report shows encouraging signs of recovery in the removals market. Let’s hope that the remaining six months of 2010 are just as positive. BAR will be compiling statistics of these when results are available.
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BAR would like to thank those members who have participated in the industry surveys- without whom we would be unable to compile such valuable statistics.
Please note that all information received is aggregated and treated in the strictest of confidence.
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