Where are Britain’s home moving hotspots?
Moving companies were busy. According to recent figures, 2.6% of the total UK property market chose to pull up and move home last year despite numerous lockdown restrictions and ongoing problems caused by the pandemic.
The latest research from national real estate agent Keller Williams UK examines the 2.6% (or nearly 800,000) who have chosen to move and shows where the UK hotspots for moving are.
Scotland moves the most
The study shows that Scotland moved the most with 81,751 transactions in the last 12 months, representing 3.1% of all homes in the country.
It’s no surprise that at the LA level, Scotland ranks seven of the top 15 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.
England moving home hotspots
2.6% of all households have moved across England in the last 12 months, with the South West (2.9%), the South East (2.8%) and the East Midlands (2.8%) leading the way .
However, it is Harborough in Leicestershire that leads the way 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
2.3% of the total Welsh property market chose to move last year. Vale of Glamorgan saw a 3% increase, 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%).
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 UK, commented: “While 2.6% of households that choose to move may not sound high, it is important to remember that this applies to a total of 28.5 million homes across the UK and given pandemic uncertainties and lock restrictions is the case.
“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.
“Of course, the dangling carrot of a stamp duty cut would have helped push those numbers up. With a possible extension of deadlines along the way, we should see the number of us selling and moving on to stay high.”