Reallymoving House Price Forecast

House price forecast data is taken from reallymoving conveyancing quote forms. Users tend to get quotes 12 weeks before completion, allowing us to offer a unique insight into what property prices will look like in the next few months.

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    Reallymoving has analysed UK property prices based on data given on Conveyancing forms.

    Analysis based on average of 6,839 monthly registrations for conveyancing quotes. 

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    Method

    This research was carried out using ‘price paid’ datasets from the Land Registry and house price information entered into the Conveyancing quote form on reallymoving. Registrations for conveyancing quotes are typically completed 3 months before a transaction date, giving reallymoving a unique perspective and forecast on house prices. As such, forecasted data for August-October is based on registrations from May-July.

    The data is both seasonally and mix adjusted, considering the time of year, the type of property, leasehold/freehold and whether the property is a new build or an existing property.

    As a comparison site, we are aware that our customer profile may be skewed towards those at the lower priced end of the market. As such, forecasted values have been lifted by the average difference seen between reallymoving’s data and prices from the Land Registry during the previous quarter. This difference is fairly constant in percentage terms.

    Data used included only residential properties priced between £40,000 - £2,000,000, to account for errors in submitting the quote form on reallymoving.
     

    About reallymoving

    Launched in 1999 and celebrating it’s 20th birthday this year, reallymoving is the UK’s leading provider or free instant quotes for home moving services. It is an independent and privately financed company, majority owned by its management and directors.

    During 2018 reallymoving received 270,000 registrations and generated 990,000 quotes on behalf of its UK-wide network of partners, representing approximately £200 million worth of work in 13 months. In 2018 they also served their 2 millionth customer. Approximately 8% of the UK’s home movers, and 20% of home buyers used reallymoving in 2018.

    Reallymoving provides instant quotes for conveyancing, surveys, removals, Scottish home reports and EPCs.

    Sources