Today we launched our Property & Homemover Report: Q4 2018, the seventh 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 our report is testament to the strength of our 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
- Subdued property market. The market has remained lacklustre in 2018 and looks to stay subdued into 2019.
- Online estate agents. The market share of online agents at the end of 2018 stabilised at 7.2% of all exchanges. However, additional analysis shows that online agents are struggling to penetrate south of the Watford Gap.
- Fallen-throughs. With one in five house sales falling through in England and Wales, the need for a seismic change in the buying and selling process is essential.
- Affordability - crisis in the capital. With consumer confidence low and the Brexit process casting an economic shadow, the performance of the London property market continues to decline.