UK Monthly Market Briefing: December 2020

Market Report provided by Zoopla

Our data has been clearly showing that there has been a rise in buyers and renters looking for homes with more space ever since lockdown back in March. We have examined in previous reports the rise in demand for 3-bed, 4-bed and 5-bed homes for sale, how rental houses are being let out more quickly than flats across the UK outside London, and how Gardens top the list of search terms among those looking to move. New data shows this trend shows no sign of abating. There has been a rise in the number of searches for keywords which signify extra space in a home. We grouped together search terms including: ‘Extra room’, ‘Spare room’, ‘Office’ and ’Study’ and found searches had risen 71% in Q3 compared to Q2 . This may well reflect the increased appetite for space in which to work in a new property, given the changes in working from home and differing commuting patterns which have developed during 2020.