Home moves through the roof as Brits get packing post property industry lockdown
July 1, 2020
- Since property lockdown eased on the 13th of May, the number of people moving home has increased by 29%
- In the first week alone, the uplift was 68%
- During lockdown, the number of people moving house fell by a quarter in the first four weeks
According to the latest data from home setup service Just Move In, the number of households moving has accelerated drastically since the easing of the property industry lockdown.
Just Move In’s data shows that in the five short weeks since restrictions were eased on the 13th May, the number of people moving has exceeded the total seen throughout the seven previous weeks of lockdown by 28%.
Over the first four weeks of lockdown, the number of people moving house fell by an average of -25%.
The total number of moves declined by 12% week-on-week across the full seven weeks of lockdown.’
However, since the 13th of May, the number of people moving home each week has exploded with an average week-on-week increase of 29%; driven by a huge uplift of 68% in the first week alone.
|
Data Point
|
Lockdown
|
End of Lockdown
|
||||||||||
|
W/C
|
23/03/2020
|
30/03/2020
|
06/04/2020
|
13/04/2020
|
20/04/2020
|
27/04/2020
|
04/05/2020
|
11/05/2020
|
18/05/2020
|
25/05/2020
|
01/06/2020
|
08/06/2020
|
|
Week to week change
|
-29.9%
|
-22.8%
|
-31.1%
|
-17.0%
|
35.2%
|
3.0%
|
-21.3%
|
67.5%
|
22.6%
|
0.6%
|
23.8%
|
32.9%
|
|
Average weekly change
|
-12%
|
29%
|
||||||||||
|
Total change in volume pre and post lockdown
|
<
|
28%
|
>
|
|||||||||
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