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Number of high street vs online estate agent transactions in the UK Q1-Q1 2019

Number of high street versus online estate agent transactions in the United Kingdom (UK) from 1st quarter 2018 to 1st quarter 2019

by James Cherowbrier, last edited May 16, 2019
Number of high street vs online estate agent transactions in the UK Q1-Q1 2019 As of the fourth quarter of 2018, online agents had a market share of 7.2 percent of exchanges in the United Kingdom. Unlike other industries, the housing market has a stable online penetration rate as the overall cost and grandiosity of buying a home still encourages people into physical stores.
North of England see’s the highest online growth

  Online agents saw the highest share of sales in properties under 200 thousand British pounds (GBP). It might come as no surprise then, that Scotland and the north of England saw the highest annual growth in online sales, where average asking prices fall under 200 thousand GBP. London , where the average house price reached 600 thousand GBP on the other hand saw online sales fall annually by over 10 percent.

Consumer confidence affecting sales

  With low confidence and Brexit, 2019 has been predicted to see another subdued year for the UK property market. As of July 2018, twelve month house price growth in the United Kingdom (UK) saw it’s lowest increase since 2013.
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Number of high street versus online estate agent transactions in the United Kingdom (UK) from 1st quarter 2018 to 1st quarter 2019

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by James Cherowbrier, last edited May 16, 2019
As of the fourth quarter of 2018, online agents had a market share of 7.2 percent of exchanges in the United Kingdom. Unlike other industries, the housing market has a stable online penetration rate as the overall cost and grandiosity of buying a home still encourages people into physical stores.
North of England see’s the highest online growth

  Online agents saw the highest share of sales in properties under 200 thousand British pounds (GBP). It might come as no surprise then, that Scotland and the north of England saw the highest annual growth in online sales, where average asking prices fall under 200 thousand GBP. London , where the average house price reached 600 thousand GBP on the other hand saw online sales fall annually by over 10 percent.

Consumer confidence affecting sales

  With low confidence and Brexit, 2019 has been predicted to see another subdued year for the UK property market. As of July 2018, twelve month house price growth in the United Kingdom (UK) saw it’s lowest increase since 2013.
Show more
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