property trends report

Property trends reportENGLAND & WALES | Key market trends

© 2021 Landmark Information Group. All rights reserved.

JA N UA RY 2 021

Introducing cross- market key trend data

W E LCO M E

LEAD GENERATIONOnline services &

Provider selection

ESTATE AGENCYProperty listing

Sale progression

CONVEYANCINGLegal functionsProperty search

LENDINGMortgage applicationSurveys & valuation


Simon Brown | CEO Landmark Information Group

This report is based on a monthly extraction of key data in 2019 and 2020 from systems operated by Landmark Information Group within its various business entities that span the UK property market.

We are privileged to provide a complete view of the entire market since we operate essential services that underpin every key stage of property transactions. From the very start of a process where a property owner wishes to initiate a sale through the estate agency process, the workflow of conveyancing, property search data gathering and right across the lending process from building survey and valuation to approval.

I’d like to welcome you to this report and we hope it provides a valuable source of facts and insights to the inner workings of the market to help industry professionals and interested observers alike.

Property trends report January 2021

Transaction pipeline

CROSS MARKET ACTIVITY TRENDCMA

Pipeline activity variance2020 was a roller coaster year for the UK property market. Early signs of growth at the start of the year were stalled by Covid-19 and the first lockdown.

In March, the government closed the housing industry but reopened it in May, when strong volumes of new listings were matched by strong demand. For the remainder of 2020, the property market continued to strengthen.

However, conveyancing activity took five months to rebound and reach the capacity of the previous year, creating a large backlog. As the property industry is a pipeline industry, it can only move as fast as the slowest stage of the transaction.

2021 has started in a buoyant fashion but there are uncertainties ahead. At Landmark, we trace these indexes carefully to better understand where the industry is going next.

160%

140%

120%

100%

80%

60%

40%

20%

0%

LISTING SSTC SEARCHES ORDERED COMPLETION


NOTES:(1) Chart shows volumes per month in 2020 as a percentage of the same month in 2019.(2) Source: Landmark’s own data to extrapolate the entire market.

1

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

Property trends report January 2021


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Property trends report 2020

property trends report

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