Welcome to the latest edition of the TwentyCi Property & Homemover Report, providing a comprehensive review of the UK property market, created from the most robust residential research and property change sources available.
The report provides a real-time review of the UK housing market in Q1 2023, covering 99.6% of all sale and rental moves. This property market analysis and 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 UK housing market, including:
- Factual data (not modelled or sentiment-based)
- Full market coverage
- Demographic overlay
- Property sales data
- Property rental data
The publication compares Q1 2023 and Q1 2019, considered the last calendar year of normal residential property market conditions.
Report highlights
- At the beginning of April 2023, there were nearly 1.25 million households progressing through the owner-occupied Homemover Wave.
- Q1 2023 saw 63,970 Fallen Through properties and 172,080 properties that had been Withdrawn from the market - providing the opportunity for storage companies to offer a stop-gap solution between selling or one to help improve their current home to those homemovers in these stages.
- 197,676 properties had been recorded as an Exchange and 269,506 properties recorded as Sale Agreed - providing a large market for removal companies to prospect to.
- Sales were down 7.5% in Q1 2023 compared to Q1 2019, but Sales Agreed to New Instructions ratio remains at pre-pandemic levels and 70% of all properties listed have sold so far in 2023 - showing a positive number of people still moving in the market.
- Stock levels are now only 9% away from historical norms - while new instructions were down, this disguises a significant injection of new supply into the market in March and almost all regions in England and Wales have 3 or more months of residential stock to sell, showing the residential market is emerging in remarkably robust shape as the dust settles from recent shocks.
