Blog Post

Consumer spending trends are closely linked to housing market confidence

Rebecca Galgut Jul 11, 2020, 14:00 PM
181_Dataloft_Super_Saturday-04

Saturday 4th, marking the reopening of hairdressers, pubs, bars, cafes and restaurants in England, saw an increase in high street footfall. PwC reports on money in consumers’ pockets – consumer spending trends are closely linked to housing market confidence.


There was a 20% weekly increase in footfall on Saturday and after 5pm this rose to 36%. However, overall number of visits to the high street in England is down 56% on last year.


PwC reported an increase in consumer sentiment in June, the majority of households so far unaffected financially and 1 in 5 households are saving money.


With more money in consumers’ pockets, VAT reductions for the hospitality industry, creation of the eat out to help scheme, we hope high street footfall will continue to increase. However, much hangs on employment levels after furlough ends in October. Source: Dataloft, PwC

Load more comments
Thank you for the comment! Your comment must be approved first
comment-avatar

"Abbey was lovely, really helpful and informative, thank you!"

- Lisa

"Great experience with Peter Anthony! Yaseen Hassan was professional, responsive, and incredibly helpful"

- Samuel Benedict

"We are both so happy with the agents"

- Megan

"I was shown around a property by Abbey Bird, it was a lovely viewing"

- Sophia

"Abbey was very nice and explanatory in all she was saying and Gill is quick to respond"

- Tope

"Abby was prompt to respond to inquiries and very pleasant"

- Christian

"Abbey Bird at Peter Antony Estate agents has been and still is amazing"

- Sky

"I would like to thank Abbey for all her help and support she offered"

- Marie