Letting & Estate Agent Podcast

Christopher Watkin

The Letting & Estate Agents Podcast Having worked for some of the biggest names in the industry, Christopher now offers advice, actions and opinion in helping letting and estate agents grow their lettings and estate agency's. Christopher has proven methods on how to attract landlords and house sellers and helps many agents, using a technique that is designed (if implemented correctly) to grow any agency's turnover by at least 20% to 30% year on year. Its hard work and it requires buckets loads of patience though

  1. UK Property Market Stats Show - Week 23 2026 - Ep.2570

    1d ago

    UK Property Market Stats Show - Week 23 2026 - Ep.2570

    Your Weekly UK Property Market Update 🟩   Listings Week 23 .. 36.5k new listings this week, (38.9k last week). Weekly 2026 average : 37.3k.  10 year week 23 average : 35.8k  Year to Date 859k new listings YTD   0.3% ahead of 2025 YTD (856k) 5.4% ahead of 2024 YTD (815k) 14% higher than the 2017–19 average YTD (751k).       🟩  UK Gross Resi Sales Week 23 .. 25.1k homes sold stc this week 22 (25.6k last week)   10 year week 23 average : 25.9k 2026 weekly average : 24.8k. Year to Date for house sales  572k UK homes sold stc YTD 6% lower than 2025 YTD (608k) Yet still Gross Sales are still … 1.7% higher than 2024 YTD (562k) 11.9% higher than 2023 YTD (511k) 9% higher above pre Covid 2017-19 years (524k). 🟩 UK Net Resi Sales YTD  (Net Sales being Gross Sales less Sale Fall Thrus).  Week 23 19.2k Net Sales (19.7k last week)  10 year Week 23 average: 19.7k. Weekly average for 2026: 19.4k.  Year to Date 446k UK net home sales YTD  4.3% lower than 2025 (466k),  1.6% ahead of 2024 (439k),  12.5% ahead of 2023 (395k) 6.6% above the 2017–19 average (418k).      🟩   Exchanges •           May 2026 – 76.6k Exchanges – note this figure will increase throughout June as more May exchanges come thru the system  •           365k UK Exchanges YTD to end of May 2026. 5.5% lower than Jan to May 2025, when it was 386k.   NB. There were more exchanges in Q1 2025 because of the stamp duty holiday which finished in April 2025. 🟥 Want more in-depth analysis on these stats ?? Watch this week’s episode of the ‘UK Property Market Stats Show’ with Kristian Stott here … https://youtu.be/csXbQHdOLyc Additional info …  🟥 Price Reductions •           27.1k reductions this week on a 747k UK homes for sale •           13.4% of UK homes for sale were reduced in May. •           2025 average 12.8%, versus the 6-year long-term average of 10.7%. 🟥   Withdrawals •           May 2026 - 64k Withdrawals  – again, this figure will increase as more May withdrawals come thru the system throughout June •           That means that 45.5% of all homes that left UK Estate Agent books in May went unsold. 🟥 Price Difference between Asking Price of Listings & Asking Price of those Homes that go Sold stc •          16% difference (long term 10 year average is 16% to 17%).  (£441k ave Listing Ave Asking price vs £381k Sale Agreed ave Asking price) 🟥 Sell-Through Rate  •           14.6% of homes on agents’ books went SSTC in May ’26.  •           Pre-Covid average: 15.5%. 🟥 Sale Fall-Thrus •        Fall-thru rate 23.6% •        Decade average: 24.5% •        5.05% of homes sold STC fell thru in May 2026, below both the 2025 average of 5.3% and the 10 year average of 5.8%. (May figures to follow next week) 🟥 Probability of Selling (% that Exchange vs withdrawal) •           May 2026  Stats : 54.5% of homes that left agents’ books exchanged & completed in May. (Note this figure will change throughout the month as more May stats come in).  •     57.6% is the 7 year average (which includes the crazy years post lockdown 18 months).  🟥 Stock Levels  •          747k homes on the market on the 1st of June ’26. •          472k homes in agent’s sales pipeline on the 1st June 2026, slightly lower than 12 months ago on 1st June ’25 (474k). 🟥 House Prices (£/sq.ft) •          May ’26  agreed sales averaged £349.64 per sq.ft. 1.9% higher than 12 months ago (£342.87) and 13.2% than 5 years ago (£308.94).  The £/sqft at sale agreed matches the HM Land Registry Index with a 98% accuracy, 5 months in advance. That is why it is so important. 🟥 UK Rental Data  •          Average Rent in Wk 23 – £1,818 pcm  •           Average Rent in May 2026 – £1,785 pcm (£1,779 in May 25) •           Average Rent in YTD 2026 – £1,744 pcm  •           305k UK Rental Stock available to rent in May 26 (311k in May 2025) 🟥 Local Focus this week in the Show Bolton

    1h 23m
  2. UK Property Market Stats Show Week 22 2026 - Ep.2564

    Jun 12

    UK Property Market Stats Show Week 22 2026 - Ep.2564

    UK Property Market Weekly Update for Week 22 of 2026 The residential property market industry’s weekly reality check on what is really happening in the UK housing market. Week 22 is the week ending 7th June 2026. Headlines show sales agreed are down 8.9% for the first week of June, compared to the first week of June 2025. Regional Breakdown below 🟩   Listings Week 22 .. 38.9k new listings this week, (31.3k last week - although it was aBank holiday ). Weekly 2026 average : 37.4k.  10 year week 22 average : 30.9k Year to Date 823k new listings YTD   0.5% ahead of 2025 YTD (819k) 5.9% ahead of 2024 YTD (777k) 14.5% higher than the 2017–19 average YTD (715k) 🟩  UK Gross Resi Sales Week 22 25.6k homes sold stc this week 22 (22.1k last week - which was a Bank Holiday)   10 year week 22 average : 23.5k (NB most wk 22’s have been Bank Holidays in the last decade) 2026 weekly average : 24.8k. Gross sales (Sales Agreed) activity in the first week of June 2026 (wk 22) was lower across every UK region compared with the same week in 2025: • Northern Ireland: 638 (sales agreed in) 2025 vs 327 (sales agreed in) 2026, down 48.75%
• Outer London: 1,214 in 2025 vs 990 in 2026, down 18.45%
• Inner London: 1,494 in 2025 vs 1,298 in 2026, down 13.12%
• South West: 2,945 in 2025 vs 2,619 in 2026, down 11.07%
• North East: 1,084 in 2025 vs 968 in 2026, down 10.70%
• Wales: 1,311 in 2025 vs 1,177 in 2026, down 10.22%
• West Midlands: 2,307 in 2025 vs 2,110 in 2026, down 8.54%
• East Midlands: 2,137 in 2025 vs 1,963 in 2026, down 8.14%
• South East: 4,266 in 2025 vs 3,961 in 2026, down 7.15%
• North West: 3,260 in 2025 vs 3,037 in 2026, down 6.84%
• East of England: 2,833 in 2025 vs 2,686 in 2026, down 5.19%
• Yorkshire & Humber: 2,182 in 2025 vs 2,137 in 2026, down 2.06%
• Scotland: 2,323 in 2025 vs 2,309 in 2026, down 0.6% Overall, the figures point to a softer market than early June 2025, but not a uniform one. Northern Ireland and London saw the sharpest falls, while Yorkshire & Humber and Scotland remained comparatively steady. Yet, let us not forget before all the doom mongers gather round the doom fire Year to Date for house sales 546k UK homes sold stc YTD  5.8% lower than 2025 YTD (581k) - as has been experienced since the start of the year Yet still Gross Sales are still … 2.1% higher than 2024 YTD (535k) 12.4% higher than 2023 YTD (486k) 9.6% higher above pre Covid 2017-19 years (475k). 🟩 UK Net Resi Sales YTD  (Net Sales being Gross Sales less Sale Fall Thrus).  Week 22 19.7k Net Sales (17.3k last week - which was a Bank Holiday though)  10 year Week 22 average: 18.1k. Weekly average for 2026: 19.4k.  Year to Date 427k UK net home sales YTD  4% lower than 2025 (445k),  2% ahead of 2024 (419k),  13.5% ahead of 2023 (376k) 6.9% above the 2017–19 average (399k). 🟩   Exchanges •           May 2026 - 64.7k Exchanges - note this figure will increase throughout June as more May exchanges come thru the system •           356k UK Exchanges YTD to end of May 2026. 7.8% lower than Jan to April 2025, when it was 386k. NB. There were more exchanges in Q1 2025 because of the stamp duty holiday which finished in April 2025. Also expecting an additional 7k to 10k exchanges in May 🟩   YouTube Show This is discussed at length in the ‘UK Property Market Stats Show’ for Week 22 with Verona Frankish, CEO of Yopa https://youtu.be/XirK8yvIirs

    1h 2m

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About

The Letting & Estate Agents Podcast Having worked for some of the biggest names in the industry, Christopher now offers advice, actions and opinion in helping letting and estate agents grow their lettings and estate agency's. Christopher has proven methods on how to attract landlords and house sellers and helps many agents, using a technique that is designed (if implemented correctly) to grow any agency's turnover by at least 20% to 30% year on year. Its hard work and it requires buckets loads of patience though

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