Savills Loughton Home Truths Tuesday 29 June 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 Andrew Perratt Lucian Cook James Lamb Natalie Mills Tim Phillips Head of Country Head of Residential Head of Office Residential Sales Country House Residential Research Loughton Loughton Department
[email protected] [email protected] [email protected] [email protected] [email protected] 07967 555 402 07967 555 418 07807 999 680 07790 832 625 07870 867 218 2 Residential Market Update Lucian Cook – Head of UK Residential Research 3 Anything but normal in the housing market 1st modern-day For whom a recession where reassessment of the economy Low preceding housing needs and housing price growth, and priorities market have ultra-low interest has essentially moved in rates overridden different May transactions Resulting in a economics directions 15% above market driven by normal but 15% those with down on the financial security average of the rather than those Annual house preceding 6 exposed to the Government While an price growth months economic fallout intervention on extended stamp running at jobs and duty holiday +10.9% to end of earnings provided a May according provided a sense of to the safety net urgency Nationwide Source: Nationwide, HMRC 4 Strong bounce back at the top end Properties marked as Sold Subject to Contract Whole Market £1m+ 200% 150% 2019 - 100% v same month 2017 month same v 50% 0% Jan-20 Feb-20 Mar-20 Apr-20 May-20