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
The UK towns boasting +80% house price growth amid nationwide drop
For the first time since 2023, UK house prices have dropped. However, many areas are bucking the recent news, with strong growth overall in the last 5 and 10 years. The cash house buyers and property experts at Sell House Fast have compiled ‘The Property Prosperity Index’, revealing the best places to buy and sell property…
Read More 
London remains destination of choice for international property wealth
The latest research from London lettings and estate agent, Benham and Reeves, has revealed that London accounts for 43% of all property titles owned by overseas companies across England and Wales, highlighting the capital’s enduring appeal as an international property investment destination. Benham and Reeves analysed the latest Land Registry Overseas Companies Ownership Data to…
Read More 
First drop in rental supply in three years pushes rents higher
Rental growth set to accelerate to 4–5 per cent by the end of 2026 as higher mortgage rates keep would-be buyers renting for longer, reducing rental supply UK rents are 2.6 per cent higher in the 12 months to July 2026, up from 1.6 per cent in February and are on track to reach 4-5…
Read More 
Breaking Property News 13/9/26
Daily bite-sized proptech and property news in partnership with Proptech-X. Sourced Living Chooses Genifea AI to support its branch network and its clients Sourced Living, the lettings and estate agency network of Sourced Property Group, has chosen Genifea to handle customer enquiries across its branches — in what is also the London-based platform’s first…
Read More 
Back-to-school buyer bounce outpaces typical September uplift
New real-time analysis from the UK’s largest property platform Rightmove reveals that buyer demand received a stronger than usual back-to-school boost during the first week of September Buyer demand increased by 5% during the opening week of the month, significantly higher than the average increase of 0.4% seen over the same period during the last…
Read More 
8,500 tenanted homes currently on the market
8,500 tenanted homes currently up for sale as TLP highlights importance of clean client money handovers More than an estimated 8,500 homes are currently being marketed for sale with tenants in situ across England, according to the latest analysis by The Letting Partnership, presenting landlords with the opportunity to acquire an investment generating rental…
Read More