Instant Valuation

  • From the end of May 2022 all property listings for both sales and rental property must include a property’s price, council tax band or rate and for sales, tenure information.
  • The new rules, announced by the NTSELAT, are the result of their research which found 90% of home movers and renters would prefer to find detailed information when searching on a portal.
  • Later changes are set to be backed by legislation and will make compulsory the inclusion of details including utilities, flooding risk and non-standard features such as restrictive covenants.
  • Over half of consumers (54%) said they would be less likely to buy or rent a property where information was missing on a property portal.
  • Source: Dataloft, National Trading Standards Estate and Letting Agent Team (NTSELAT)

  • Take-up of the government's Help to Buy scheme has declined since the introduction of lower caps and when limited to first-time buyers from April 2021.
  • At its peak in Q4 2020, the scheme accounted for 36% of all new build sales (averaging 25% over 2020), but has been steadily falling to 14% (in Q3 2021).
  • New home developers have had to react to the reduction of Help to Buy sales and diversify their offering.
  • Successors to Help to Buy are likely to be primarily First Homes, but also Shared Ownership and private low deposit mortgages (e.g., Deposit Unlock).Source: Dataloft, DLUHC

  • The property market is busy, with the start of 2022 seeing no slowdown in sales activity.
  • Nearly 107,000 sales were recorded in January. Except for 2021, this is the strongest start to a year since 2007 and up 10% on the January average (2012–2021).
  • Demand continues to outpace supply, sustaining pressure on prices. Rightmove report the biggest monthly jump in the asking price of newly- listed property since 1994.
  • n a sign of more balance returning in future months, home valuation requests were up 27% in January year-on-year, and up 50% compared to 2020 (Rightmove).
  • Source: Dataloft, HMRC (10 year January average 2011–2021)

  • The UK recorded average house price growth of 10.8% in 2021. This is the strongest annual growth at the year end since 2002.
  • The average price of a UK home now stands at £274,712, marking another record high. House prices increased by £23,407 over the course of 2021.
  • Annual increases in house prices were seen in all regions of the UK. The South West experienced the biggest increase (13.6%), followed by Wales (13%).
  • Detached (15.3%) and semi-detached (11.1%) homes recorded above annual growth in a market continuing to be driven by equity and a desire for more space.
  • Source: Dataloft, ONS, UK HPI
The Property Ombudsman Deposit Protection Scheme Rightmove Zoopla Primelocation OnTheMarket