In this latest Today’s Conveyancer podcast host David Opie welcomes Ben Robinson and Rob Gurney on to discuss the latest Landmark Property Trends Report.
Ben is the Managing Director of Landmark Estate Agency Services, and Rob is the Managing Director of Ochresoft; both well placed to comment on the data which provides insight into 4 key property market metrics
- Listings
- Sold Subject to Contract
- Searches Ordered
- Completions
The Property Trends Report was first published in 2021 and is now providing analysis on the health of the market each quarter. The data is drawn from Landmark’s own business, extrapolated to the entire market. The report uses 2019 as the benchmark for comparison based on it being pre-COVID and the last “normal” year for the property market.
Ben and Rob discuss the latest report, which covers Q1 2023 for England & Wales, and Scotland, and provides detailed analysis of the last 12 months of activity in the market.
March 2023 saw the return of new listings to above 2019 volumes for the first time since before the disastrous mini-budget in October 2022. And while this is a promising sign for the market, the other metrics remain some way below 2019 levels as the full effect of “Trussonomics” has played out over the last 6 months; SSTC remains some 22% below 2019 levels, and completions nearly 30% below.
There is cause for optimism say Ben and Rob as stability returns to the market, with listings, and confidence on the up. Listen in to hear their analysis in full.
The next Property Trends Report will be published at the end of Q2 2023; lookout for further discussion and analysis.
The Today’s Conveyancer podcast can be found on your preferred podcast provider and also at www.todaysconveyancer.co.uk. Subscribe and listen in for all the latest conveyancing industry news and views.
