This week TwentyCi have launched their Property & Homemover Report: Q3 2018, the sixth edition in a quarterly series of reports featuring data and analysis for the whole of the UK property market.
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.
The reliability of the report is testament to the strength of TwentCi’s comprehensive UK Homemover data, compiled 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).
Topline Report Highlights
- Demand outstripping supply. With property exchanges up over 11% year on year, more homemovers are reaching completion than this time a year ago.
- Online agents fallen. The market share of online estate agents has fallen back to 7.2% of all exchanges – a fall of 6% from Q2.
- The property ladder. Terraced and semi-detached houses make up the largest proportion of property sales, consistently comprising over 50% of all exchanges every quarter, reflecting the core of the UK housing stock.
- Ownership or rental. Our insight now highlights a consistency in the split between the owned and rental market. In major cities one third of available housing stock is now rental, while in London this rises to two thirds.