Company Tag: TwentyCi
Online estate agents’ market share drops overall – but rises in the £1m+ market
A "considerable underperformance" by online and hybrid agencies through last year's booming property market “will clearly raise significant interest in the viability of the business model that has failed…
Nearly a million households are on the move in this strong sellers’ market
Every UK region has seen double-digit growth in property transactions volumes compared to pre-pandemic 2019, says TwentyCi. Nearly a million households are about to move home or have recently done so.
Online estate agents are taking a larger slice of the £1m+ market
Hybrid and online estate agencies have seen their share of the £1m+ property market jump by 27% in the last two years - albeit from a low base.
Market hits a hurdle as agents ‘run out of houses to sell’
The lack of properties coming on ‘has the potential to jeopardise or temporarily cause a slow-down in the market’, says TwentyCi, as stock levels sink to an all-time low.
Flat prices fall as demand dwindles
Demand for flats in London has slumped as buyers seek more space in light of the pandemic experience, and the cladding scandal takes it toll.
Online & hybrid estate agency penetration picks up in central London
Hybrid/online estate agencies' market share of UK property exchanges remained at 8% in 2020, despite a 10% increase in the proportion of new instructions from 2019.
20% more people are currently in the process of moving home compared to last year
"The volume of households moving through the homemover funnel" has reached "unparalleled levels", says research firm Twenty Ci.
Over 300,000 buyers set to miss the Stamp Duty holiday, claims analyst
“Whilst the increased activity is undoubtedly a great boost for the property market both in strengthening prices and volumes, many of these transactions were predicated on the reduction in stamp duty…
£1bn in commission ‘at stake’ as estate agencies fight to keep deals together
'It is difficult at this stage to understand when this blocked commission will end up being paid', warns TwentyCi
2019’s turmoil demonstrated the UK property market’s resilience – TwentyCi
Despite 'unprecedented' political upheaval and economic threats, overall exchange volumes were slightly up last year, while asking prices remained largely flat...
‘Slow & steady’ property market persists as exchanges nudge up but new instructions dip
First-time buyers have boosted transaction volumes, reports TwentyCI
18% of properties for sale in London have had their asking price reduced by 10% or more
Nearly a third of London vendors have dropped their asking prices