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
Section 21s continue to rise ahead of looming ban
The latest research industry insight from LegalforLandlords Section 21 “no-fault” evictions continued to rise in 2025, increasing by 1.7% following a sharp 20.4% surge the previous year. This sustained growth highlights landlords’ continued reliance on Section 21 notices, raising important questions about how possession will be regained once they are outlawed under the Renters’ Rights Act,…
Read More 
Rightmove house price data showing a 0.8% month on month increase
Commenting on the latest Rightmove house price data showing a 0.8% month on month increase, Daniel Austin, CEO and co-founder at ASK Partners, said: “Today’s rise in UK house prices points to underlying resilience, but momentum remains constrained by affordability pressures and a ‘higher for longer’ interest rate environment. While recent rate cuts signal easing…
Read More 
Canary Wharf tops the London Marathon route
The latest insight from property management specialist Rushbrook & Rathbone has found that E14 is the strongest postcode along the London Marathon route for landlords looking to invest in the capital’s rental market, delivering an estimated average yield of 6.6%. Rushbrook & Rathbone analysed current asking house prices and rents across postcode districts spanning the London…
Read More 
46% surge in remortgaging activity in Q1
Stonebridge Mortgage Market Index Overall mortgage activity rose 24.6% in Q1 while applications for home purchase softened Stonebridge today relaunches its Mortgage Market Briefing as a quarterly Mortgage Market Index The volume of remortgage applications surged 46% in Q1 prompting overall mortgage activity to jump by a quarter, Stonebridge can reveal. The mortgage…
Read More 
Housing market remains steady despite higher mortgage rates
The housing market remains steady so far in April despite higher mortgage rates due to global uncertainty. Average new seller asking prices rise by 0.8% (+£2,929) in April to £373,971. This is consistent with February and March, but is below the long-term average for April. The average two‑year fixed rate has risen to 5.42%, from…
Read More 
Housing market springs back into life
The latest research by Yopa reveals that as Spring begins, 6.3% more homes are on England’s housing market today compared to the start of the year, with some counties seeing increases of more than 16%, showcasing growing seller confidence in a market that is on the up. Yopa has analysed residential listings data from March…
Read More