Insurance company, Aviva, examines the impact of Covid on a a number of different aspects of our lives.
The report looks at how our attitudes and behaviours have changed over the course of the year and considers the potential legacy of recent events.
For the purposes of this report, Aviva surveyed 4,002 randomly selected UK adults aged 16 and upwards between 10-17 July 2020.
Key Insights from the report
We Are Over-Estimating the Value of our Homes
Trackers reported that UK house prices fell month after month at the start of 2020 and there was speculation that they could drop by as much as 10%.
However, house prices are beginning to creep upwards again and homeowners seem optimistic about the value of their properties. In fact, when asked to estimate the value of their homes, respondents to the Aviva study produced an overall average UK house price of £288,263, significantly higher than the latest Government average of £235,673.
The report surmises that this may be due to home renovations, given that 85% of UK residents have undertaken some form of home improvement during lockdown.
Multi-Generational Living is a Reality in a Third of UK Homes
This refers to situations where adults from different generations live together at the same address.
This type of arrangement was already the norm for millions of UK households for a number of reasons, and lockdown only accounts for a small proportion of this number, with 3% of households reporting that adult children returned home during lockdown, and 1% of households took in an elderly relative to support them at this time.
The number of multi-generational households could grow further still, as Aviva data suggests that the number of older people living in this tuype of set-up has increased over the past 4 years
The Increasingly Connected Home
Two thirds (67%) of UK adults say that technology has become more important to their households since the Covid-19 outbreak, with almost half of this group stating technology is now “much more important”.
Only two per cent of UK adults feel technology has become less important in their homes since the start of the outbreak.
The uptake in connected devices has also had an impact on how people protect their homes and families and cyber security is becoming an integral part of people’s lives
The Rise of the Hobby
The temporary closure of many leisure outlets has meant many UK residents have explored new pastimes.
Almost half of the nation’s adults (45%) have tried their hand at new hobbies in 2020, with baking, walking and gardening topping the list.
Time at home saw families turning to traditional pursuits, such as board games and jigsaws, while the closure of gyms meant that many swapped indoor fitness for the great outdoors, taking up cycling and running.
Technology has indeed played an important role for new interests, with almost half (48%) of hobbyists accessing online classes and tutorials to assist them.