Company Tag: TwentyCi
Average time to exchange hits 125 days, up 38% since 2019
'Persistent structural challenges' - including slower transaction timelines - are threatening market momentum, warns TwentyCi.
Hybrid agents gain ground in the £1mn+ market
TwentyEA flags 'a notable changing of the guard' in the estate agency arena, as a broker platform posts dramatic growth.
South East & London are the ‘most challenging’ regions to sell a property
TwentyCi has ranked the toughest & easiest postcodes to sell a home, based on five criteria.
Sales spiked by nearly a quarter in Q1 stamp duty scramble
Exchanges were up by 24% compared to Q1 2024, reports TwentyCi, while new listings hit a seven-year high.
It now takes an average of 127 days to sell a £1mn-plus property
New listings & deals were both up across the UK last month, new data shows, but the average time taken to sell has hit a six-year high.
Price reductions climb to a record high
38% of 2024's concluded property listings had their asking price trimmed at least once - but estate agents are not to blame for over-pricing, argues data company.
‘Dramatic rise’ in number of London rental properties being sold
'The rental sector has become much more expensive and unpredictable for landlords over the last decade,' says TwentyCi.
‘The rise of the self-employed agent is seeing inroads into the market share of all estate agents’ – TwentyCi
Self-employed property brokers were behind only 1.6% of new sales instructions in Q2, but analysts expect their market share to grow.
‘Significant uplift’ in number of landlords selling up
Interest rate hikes, rising costs & general uncertainty have driven a 'dramatic' rise in the number of previous rental properties for sale, reports TwentyEA.
5 months of ‘above-average’ property market activity in 4 charts
Sales activity across the UK and in London in 2024 so far is running 7% above the average level seen from 2017 to 2019.
Online agents’ market share falls as self-employed brokers gain ground
'We do not see hybrid agents posing a significant challenge to traditional high-street agents but that could change if the self-employed model continues to grow in popularity,' says TwentyEA Director,…
More agency branches close as self-employed model gains traction
General market uncertainty has been a factor, but so have various changes within the sector.