Current Property Demand and Sales in the UK


Property sales are up by 20% and average asking prices have risen by £10,000 in the four weeks since a cut in stamp duty, according to Bank of England data.

Despite confirmation that the country is now in the depths of recession, average asking prices are £30,000 higher and thousands more sales are being agreed each week than before the lockdown from March 27 to May 13.

84% of private tenants are satisfied with their accommodation according to the NRLA.

The fastest rental growth in the UK in the last year was in Glasgow.

Demand for homes in the north of England is rising, 46% year-on-year in Sheffield, 40% in Liverpool and 33% in Manchester, according to Zoopla.

Nationwide Building Society reports that whilst Britain’s economy shrunk by a fifth in the second quarter of 2020, house prices in July were about 1.7% higher than a year ago.

Government figures reveal that the number of homeless people had increased by 12% in a year. Between January and March this year, there was an average of 36,690 households living on the streets – up from 32,740 in the same period the year before.

Analysis by YouGov on behalf of the housing charity Shelter has estimated that about 230,000 people face homelessness when the suspension of housing possession is lifted. Manchester alone has a waiting list of 13,000 for social housing.

34% of first-time homebuyers must use a gift or a loan from a relative to use a gift or a loan from relatives to cover their deposit, according to an English Housing survey.

A young couple on an average salary would take 21 years to save enough for a deposit if they put away 5% of their earnings a year. In 1990, this would have taken four years according to Resolution Foundation.

1.6m London residents are now considering a permanent move to the countryside, according to TotalJobs.

Finally, the estimated value of house sales lost this year due to COVID-19 is £27 billion, according to Zoopla.


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