Instant Valuation

  • With working from home now necessary for many jobs and industries, post-pandemic households are continuing to revaluate the space they need from their homes.
  • 49% of home buyers feel their property is unsuitable for working from home and 28% have no dedicated workspace or office to work from home (Barratt/Lichfields).
  • 35% of home buyers and sellers rated an office/space to work from home as 'very important' in the 2021 Property Academy Homemoving Trends survey analysed by Dataloft.
  • Housebuilders are trying to service this change in demand. However, planning policy dictating the mix (bedrooms) was based on pre-pandemic demand modelling.
  • Source: Dataloft, 2021 Property Academy Home Moving Trends Survey, Barratt Homes/Lichfields

  • Last year a record £29.4 billion was invested in the UK's tech sector, more than double the previous year. This is positive news for regional economies and housing demand.
  • A quarter of the UK's 115 unicorns (start-ups worth $1bn+) were created in 2021. Nine of these were created outside London.
  • The tech sector is helping to create jobs. Overall UK tech job vacancies advertised increased by 50% in 2021. Tech vacancies make up 12% of all available jobs in the UK.
  • 21.6% of all job adverts in the IT sector are advertised as remote roles. This highlights how all areas of the UK can benefit from the growth in the tech sector.
  • Source: Dataloft, Department for Digital, Culture, Media & Sport

  • The number of first-time buyers grew by 35% in 2021, compared to the pandemic year of 2020, despite the ongoing uncertainty.
  • Close to 60% of agents in the latest Dataloft subscriber poll reported that first-time buyers were the most popular type of buyer at present, over twice as many as those who said second-steppers.
  • Key drivers of demand are falling unemployment, low borrowing costs and an increased number of low deposit mortgage deals.
  • The stamp duty holiday and a drop in expenditure during lockdowns may have boosted deposits for the 60% of first-time buyers who are in the top 40% of incomes (English Housing Survey).
  • Source: Dataloft, % of buyers by category

  • Capability and market knowledge continue to top the list of how prospective home movers choose their agents.
  • Confidence in ability was rated by more home movers than any other quality. Only 17% included 'lowest fee' in their top 5.
  • Younger home movers, those aged up to 34, remain more likely to include portals, a low fee and positive reviews in their top 5.
  • Source: Dataloft, Property Academy Home Moving Trends Survey 2021, (% home movers who ranked the reason in their top 5)

  • Against the backdrop of strong economic growth, particularly in 2021 and 2022, forecasts for property price growth over the coming years are positive.
  • The forecasts, produced by the Office for Budget Responsibility in the wake of the Chancellor's Autumn Budget in October, indicate that while property price growth looks set to moderate over the coming years, prices are not expected to fall.
  • The housing market proved to be one of the bright stars during the initial Covid-19 pandemic, bolstered by the significant government economic support packages and the stamp duty holiday.
  • The impact of the Omicron variant is yet to play out, but more limited government support and a rise in the cost of living may well squeeze household budgets more tightly than expected in 2022.
  • Source: Dataloft, Office for Budget Responsibility
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