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%
|
>
|
|||||||||
You May Also Enjoy
29 is the age house sharing becomes ‘embarrassing’
but 11% still do it, according to new Nationwide research That equates to 27 million admitting they have felt embarrassed about their living situation With 69% saying living alone is unaffordable, it’s no surprise the average age of those in house shares is 35 From moving home (12%) to living with an ex (10%), as…
Read More 
1 in 5 London Homes Listed in Last 30 Days
The latest research from London lettings and estate agent, Benham and Reeves, reveals that one in five homes currently for sale in London have been added to the market within the last 30 days, as sellers respond to strong buyer demand. Demand for London homes is strong Benham and Reeves has analysed current residential property…
Read More 
Biggest block management headaches revealed
The latest insight from property management specialist, Rushbrook & Rathbone, has found that utilities, cleaning and gardening are the most common block management requirements, accounting for almost two thirds of all call-outs and maintenance tasks carried out in 2025. Rushbrook & Rathbone’s internal data shines a light on what most frequently drives costs when it…
Read More 
Invasive plants could be damaging your property
What every homeowner needs to know. Invasive plants growing in your garden could be causing serious and costly damage to your property without your realising. Some species can undermine foundations, cracking patios and driveways, and spreading rapidly beyond your boundaries, potentially leading to disputes with neighbours. The financial impact can be significant. Left untreated, these…
Read More 
Rents stand still at start of the year for the first time since 2017
The average advertised rent of homes outside of London remains flat (0.0%) at £1,370 per calendar month, the first time since 2017 that there has been no rise from Q4 to Q1: Average advertised rents in London rose by 0.7% this quarter to £2,736pcm Average rents outside of London are still 1.6% higher than this time last year, though this is the lowest this figure has been since 2018…
Read More 
London estate agents represent best value added
The latest research from AgentWise, the agent community helping to support estate agents through global collaboration and market insight, has found that London estate agents represent the best value added during the transaction process when compared to many other global property hotspots, with the average commission earned per property sitting well below other major global…
Read More