phmr-q2-2024-mockup

TwentyCi Property & Homemover - Q2 2024

Welcome to the TwentyCi Property & Homemover Report for Q2 2024, compiled using the most robust, reliable, and factual property change sources available. 

In this report, we will primarily compare Q2 2024 with Q2 2023 to provide a comprehensive view of how 12 months of inflationary pressures, elevated interest rates, and general cost-of-living challenges have impacted the residential property market. 

Whether you’re an industry professional, an investor, or simply interested in the health of the property market, join us as we navigate the key highlights and fluctuations of this period. 

The report includes an overview of the state of the nation and unique insights that encompass: 

  • Factual data (not modelled or sentiment-based)
  • Full market coverage
  • Demographic overlay
  • Property sales data
  • Property rental data

The key headlines for Q2 2024:

  • Sales Agreed are up by 15.1% compared to Q2 2023Transactional volumes for Sales Agreed in the quarter have now exceeded levels seen before the Truss/Kwarteng tenure and prior to mortgage affordability and availability challenges. 
  • Exchanges are up by 10% compared to Q2 2023. Showing recovery from the stalling effect of the sales market in Q3 and Q4 of 2023 when the significant interest rate changes took effect. 
  • New Instructions are up by 9% compared to Q2 2023.  The level for the quarter is consistent with what can be considered a “normal” market.
  • Hybrid Agent’s market share for exchanges has risen to 5.7% for Q2 2024. Self-employed agents within the Hybrid category account for 30% of all New Instructions in Q2 2024.
  • Residential properties with an energy rating classification of A to C achieve closer to their sale initial asking price. Emphasising the increasing value that buyers are placing on energy-efficient homes.

The political landscape is now settled, and time will tell how the economic landscape will take shape under the new Government. We know there are bold plans for the UK residential housing market, but these will, by their very nature, take some time to feed through.   

In the meantime, there are signs of optimism with stability in the market, the prospect of further rate cuts to come and lots of short-term support proposed by the new administration.” 

Colin Bradshaw – TwentyCi’s Chief Executive Officer

Fill The Form To Download The Report

Reports by years

Subscribe to quarterly market updates

The latest data and insight delivered direct to your inbox

Sign Up

Contact OUr Team

Learn More

© 2023 TwentyCi Limited