On the move – 2021’s UK home moving hotspots reve…
The study shows that Scotland moves the most with 81,751 transactions in the last 12 months, representing 3.1% of all homes in the country.
Scotland has seven of the top 15 community home moving hotspots. In East Lothian, 4.1% of all homes were launched in the past 12 months. Midlothian (3.9%), East Renfrewshire (3.7%), South Lanarkshire (3.7%) and Renfrewshire (3.5%) are also some of the best known hotspots in Great Britain.
Moving from hotspots in England
Around 2.6% of all households have roamed England in the last 12 months, with the South West (2.9%), the South East (2.8%) and the East Midlands (2.8%) topping the list stand.
However, it is Harborough in Leicestershire that has the edge at the LA level. Last year 1,477 transactions were completed, which resulted in 3.7% of the total real estate market moving in the region.
South Derbyshire (3.6%), North West Leicestershire (3.5%), Central Bedfordshire (3.4%) and Bracknell Forest (3.4%) also moved most of the areas in England.
Who walks in Wales
The data shows that 2.3% of the total Welsh property market decided to move last year, with Vale of Glamorgan rising to 3% – the highest in Wales.
Bridgend also had a large number of moving companies with 2.8% of all homes sold in the area, along with Conwy (2.6%), Denbighshire, Newport and Flintshire (2.5%).
London sees the lowest moves
At just 1.9%, the capital had the lowest number of moving companies relative to market size, although that rose to 2.9% in Bromley, making it the capital’s moving hotspot.
Havering (2.8%), Bexley (2.7%), Richmond (2.6%) and Kingston (2.5%) also ranked high.
Ben Taylor, CEO of Keller Williams, says, “While 2.6% of households that choose to move don’t sound high, it’s important to remember that this applies to a total of 28.5 million homes across the UK and against a backdrop of uncertainty and pandemic the pandemic faces lockdown restrictions. “
“In that context, nearly 800,000 successful moves are pretty impressive, and the fact that we did it while simultaneously juggling the weird new normal of lockdown life is pretty commendable.”
He says that with stamp duty running through the end of June on homes up to £ 500,000 worth, we should see the number of people selling and moving on remains high.