Savills Winchester Home Truths Tuesday 30 March 2021 Welcome and thank you for joining. You are on mute for the duration of the webinar. We will begin shortly. 1 Introducing today’s panel Luke Brady Lucian Cook Steven Moore Michelle Keast Camilla Elwell Head of Southern Head of Residential Head of Residential Head of Lettings Country House Residential Research Sales Winchester Winchester Department
[email protected] [email protected] [email protected] [email protected] [email protected] 07812 965 406 07967 555 418 07807 999 195 07807 999 968 07807 999 021 2 Residential Market Update Lucian Cook, Savills Research 3 Anything but normal in the housing market 1st modern-day recession where the economy Low preceding and housing price growth, market have ultra-low interest moved in rates different Resulting in a market driven by directions February those with transactions financial security +48% above the rather than those previous year exposed to the For whom a Government Annual house economic fallout reassessment of intervention on price growth housing needs jobs, earnings running at +6.9% and priorities and stamp duty according to the has essentially provided a Nationwide overridden safety net economics Source: Nationwide, HMRC and Bank of England 4 Strong bounce back at the top end Properties marked as Sold Subject to Contract Whole Market £1m+ 200% 150% 2019 - 100% 50% v same month 2017 month same v 0% Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 (prov) Source: