Earlier this week TwentyCi launched their Property & Homemover Report: Q4 2017, the third edition in a quarterly series of reports featuring data and analysis for the whole of the UK property market.
Providing insight into the people behind the numbers, the report conveys a unique picture of the demographic, regional and socio-economic factors impacting the housing market today.
The reliability of the report is testament to the strength of our comprehensive UK Homemover data, the most robust and close to real-time available of its kind, combining more than 29 billion qualified data points to delivering actionable insights driven by factual data – not survey or sentiment.
Topline Report Highlights
- 2017 sees a return to stability. Exchanges are up 1% year-on-year across the UK and the average house price has increased by 3.3% to £298k, with most exchanges taking place within the £100-£200k bracket
- Renting is on the rise. Big cities such as Manchester and Newcastle now show the rental market has grown to be equal to, or bigger, than the sales market, but Scottish cities are suffering from a lack of available rental stock. A reduction in available London rental property is showing, yet has failed to translate into an increase in people buying homes
- The changing face of the housing market. The Silver Economy dominates the housing market while Millennials are struggling to get on the housing ladder and are opting to rent