Latest Property News | Taylor Robinson

Shoppers across the UK are forecast to spend a staggering £84.7 billion on Christmas 2021, the equivalent to nearly 314,000 average-priced homes. Spending is set to rise above pre-pandemic levels.
£32.26 billion (38%) of spending is set to be online, the value of Christmas online spending up 45% on 2019. Source: Dataloft, Global Data UK, UKHPI

The past 18 months have been tough for UK high streets due to Covid-19 restrictions in early 2020 which triggered a hollowing-out of city centres.
Footfall and spend analysis from the Centre or Cities/Locomizer suggests that UK cities have begun to recover (despite increased online shopping) but at varying degrees.
Small/medium sized cities and large towns have recovered the most. Large cities have recovered the least and continue to struggle due to upward trend in remote working.
Thriving places are those with a catchment of high disposable incomes, large number of workers commuting in (even if flexibly) and have shifted businesses located in them. Source: Dataloft, Centre for Cities, Locomizer

Many people move more often than they expect to. This is a key finding of the 2021 Home Moving Trends Survey, conducted by the Property Academy and analysed by Dataloft.
While just 13% of home movers expect to move within the next 5 years, the reality is that 28% are likely to.
Equally, while a significant proportion (36%) anticipate their new property will be their 'forever' home, the reality is that just 1 in 4 will stay for over 20 years.
The survey, answered by over 14,000 home movers nationwide, found that the pandemic could be considered a trigger for more than 40% of recent home moves.
Source: Dataloft, Property Academy, 2021

The rate of house price growth is due to slow in 2022, but remain positive, ranging from 2% (London) to 4.3% (North West).
Growth will be highest in northern and Midlands regions, where affordability is less constrained, and slowest in London where it is more stretched.
A shortage of homes on the market and high levels of equity will be key drivers for house price growth in 2022.
Cost of living rises and the expectation that mortgage rates and taxes will increase in 2022 are likely to impact affordability, thus limiting house price growth.
Source: Dataloft, Zoopla, Savills

Research commissioned by the Creative Land Trust illustrates an outperformance of residential values in areas with a cluster of creative industries.
Creative industries include all types of artists, screen printing, film making, music, performing arts and rehearsal space.
Case studies across London and the Thames Estuary were used but the findings will apply in any location.
The results are hard evidence that successful placemaking by developers translates into increased demand and ultimately economic value. Source: Dataloft, Ramidus Consulting, Hawkins\Brown, Creative Land Trust, Creative Estuary & Get Living, based on comparison of prices within a 10-year window in London