Skip to main content Skip to footer

Residential Report Q2 2021

Download Report
alt=""

In this update we note that residential transactions reached a record high in Q1 with 456,000 residential properties changing hands; 191,000 in March alone thanks to the expected end of the stamp duty holiday.


This was up from 347,000 transactions in Q4 2020 and was more than double March 2020 transactions.

Although we have seen mortgage approvals ease slightly, there are currently no signs of residential market activity slowing. The extension of the stamp duty holiday, along with new 95% LTV mortgages will help sustain momentum in the short term, however house prices are also still continuing to steadily grow and we expect this to continue into next year.

In the report, we also note:

  • The number of house building completions hit a record high of almost 47,000 in Q4 2020

  • Housing starts rose to a two-year high of 42,000 in Q4, from 36,000 in Q3 2020

  • 82,735 mortgages were approved, 30 per cent above the five-year monthly average of 67,100

  • The average mortgage taken out stands at £216,591 in Q1 2021, up from £204,621 in Q1 2020 and the highest figure on record

  • 94,364 BTR units are in the planning stage, an increase of 31% on the Q1 2020 level and the highest quarterly figure on record. The total BTR pipeline is 130,418, 20% higher than the corresponding 2020 figure

alt=""

Residential Report Q2 2021

Download Report
Related Experts

Andrew White

Head of UK Residential & International Properties Asia

Residential - Development

London - West End

Andrew heads up the UK Residential & International Properties (Asia) Department at Colliers and is a specialist advisor in residential and mixed use developments.  He has been involved in some of the largest and most complex sites within the U.K.

The Residential Department at Colliers comprises a market leading  team of  surveyors and advisers who focus on London, The South East and the Regions, advising  clients on their options for maximising value for their assets, including planning, development consultancy, Build To Rent, investment and disposal strategy and New Homes & Project marketing, both in the UK and Internationally.

Andrew has worked in the sector since 1994  having started his career with a large multinational real estate agency, then running his own land agency for 8 years before joining Colliers in 2013. He has advised government bodies such as the NHS, as well as family businesses, funds, charities, developers and companies on their strategy for disposal of their land holdings and property assets.

Clients include, Legal & General, the NHS, Royal London Asset Management, The Diocese of London, London Square, Telereal Trilium, Threadneedle, Aberdeen Standard, Greggs, Rexel and PSA Group as well as other large corporate landowners.

View expert

Erica D'Souza

Associate Director

Residential - Development

London - West End

Erica joined Colliers in 2018 and has a national remit as a specialist advisor for  Build-to-Rent (multifamily and PRS) developments. She is focussed on design consultancy, funding transactions  and exit options analysis.  

Prior to joining Colliers, Erica advised UHNWIs and family offices in London. During this time, she was involved in deal originations and also actively managed a value-add portfolio of prime residential assets across London (zones 1-2). 

View expert

Oliver Kolodseike

Director of Economics and Research

Research and Forecasting

London - West End

Oliver is Head of Economic Research and leads the quarterly UK forecasting process including the publication of Colliers' Real Estate Investment Forecasts (REIF) report. He also  authors the monthly Property Snapshot and, quarterly Scotland Snapshot. Prior to joining Colliers, he worked for the Centre for Economics and Business Research and IHS Markit. Oliver holds a BA in Economics from  Georg-August University Göttingen (Germany) and an MSc in Economics from Exeter University.

View expert