Instant Valuation

  • There are over 100,000 official holiday homes in England and Wales registered with the Valuation Office Agency, nearly double the number just four years ago.
  • Two-thirds of officially registered holiday homes are located within just four regions of the UK.
  • From April 2023, second home owners will have to prove holiday lets are rented for a minimum of 70 days and available to let for at least 140 days a year to qualify for small business rate relief.
  • The new rules announced by the government aim to close a tax loophole. Owners of homes that do not meet the criteria must pay Council Tax on the property.
  • Source: Dataloft, DLUHC

  • Nearly half a million landlords expect to expand their portfolio over the next two years.
  • Just over 17.5% of landlords who responded to the 2021 Landlord Trends Survey stated they expected to expand. Extrapolated to the 2.65 million landlords in the UK on record with the HMRC, this equates to 465,000 landlords.
  • Professional landlords were nearly twice as likely to be considering expansion as those who considered themselves so-called 'accidental' landlords. 75% of accidental landlords are set to maintain their portfolio at its current level.
  • Less than 1% of all landlords cited the COVID-19 pandemic as a reason to either expand or decrease their portfolio over the short term.
  • Source: Dataloft, Property Academy Landlord Trends Survey 2021, HMRC

  • 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
The Property Ombudsman Deposit Protection Scheme Rightmove Zoopla Primelocation OnTheMarket