Latest Property News | Taylor Robinson

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

Just one in 7 consumers has been offered a green or net zero mortgage product, while two-thirds have not heard of them, according to new research released by the Mortgage Advice Bureau (MAB).
Green mortgages reward owners for owning an energy efficient home, either through favourable terms such as a slightly lower interest rate or via cashback on approval.
The proportion of consumers willing to pay more and not willing to pay more for a green mortgage was fairly evenly balanced.
The number of green mortgage products is set to increase. The MAB found just 1 in 4 lenders (based on 69 lenders) currently offer a product. 88% of those that don't, have plans to do so.
Source; Dataloft, Mortgage Advice Bureau, based on respondents who have bought a property or remortgaged in last 18 months