Savills Lincoln & Stamford Home Truths Tuesday 11 May 2021 Welcome and thank you for joining. You are on mute for the duration of the webinar. We will begin shortly. 1 Welcome James Abbott Faisal Choudhry Rupert Fisher Head of North East & East Residential Head of Residential Midlands Region Research Lincoln
[email protected] [email protected] [email protected] 07929 022 901 07967 555 720 07971 798 819 2 Q&A Panelists Charlotte Paton Tim Phillips Residential Sales Country House Stamford Department
[email protected] [email protected] 07807 999 469 07870 867 218 3 Residential Market Outlook Faisal Choudhry - Residential Research 2020 anything but a normal housing market 1st modern-day Resulting in a recession where market driven by the economy those with and housing financial security market have rather than those moved in Government exposed to the different intervention on economic fallout directions jobs, earnings and Stamp Duty and a Low preceding benevolent price growth, approach to For whom a ultra-low interest mortgage reassessment of rates and early repayments housing needs expectations of a and priorities sharp V-shaped essentially recovery overrode marked it out as economics different 5 Exceptional market performance East Midlands market activity between June 2019 and April 2020 compared with June 2020 to April 2021 Net agreed sales Price reductions 160% 157% 140% 149% 120% 123% 100% 80% Apr Apr 2021 - 60% 70% Apr Apr 2020 versus - 40% 54% Jun Jun 2020 20% 30% 7% 17% 16% Jun Jun 2019 0% 1% -7% -20% -33% -40%