Scottish regions and cities revealed as the UK’s home moving hotspots
Homeowners move the most in Scotland, according to new data. An impressive 81,751 real estate transactions have taken place there in the past 12 months.
National real estate agent Keller Williams UK has collected data on how many homes were sold in the UK over the past year and examined the numbers regionally.
At the country level, 3.1% of all homes in Scotland changed hands, while England and Wales were 2.6% and 2.3%, respectively.
It is therefore not surprising that Scotland makes up seven of the 15 top moving hotspots in the UK. East Lothian leads the way with 4.1% of all homes launched in the past 12 months.
Harborough, which was seen here during last year’s lockdown, took second place (Photo: Andrew Carpenter / TEM)
Midlothian (3.9%), East Renfrewshire (3.67%), South Lanarkshire (3.66%) and Renfrewshire (3.53%) are also some of the most well-known moving company hotspots in the UK.
Harborough in Leicestershire, however, ranks second on the table. 3.7% of the houses end up on the market.
See the full top 10 below. “Estimated Housing Stock” refers to the number of homes in the area.
The study only includes removals where the entire household has moved. Changes in the shared apartment situation were not taken into account.
With just 1.9% of homes for sale, London has the fewest number of moving companies relative to market size. In Bromley, however, that number rises to 2.9%. This makes Bromley the hotspot for moving to the capital.
In Wales, Vale of Glamorgan (3%) is the hotspot for moving, followed by Bridgend (2.81%).
The investigation came after the Office for National Statistics (ONS) announced that house prices in the UK had recently hit a record high.
The average UK house price hit a record high of £ 252,000 last December, while house prices rose 8.5% year over year – the highest annual growth rate since October 2014.