Home Moving In The UK ‘At Highest Rate In 10 Years’

The heat is on for removal companies in Bristol as the number of house movers is at its highest in ten years.

This is according to fresh data from Lloyds Bank published in The Daily Telegraph, which has revealed that the number of homeowners getting a mortgage for a new home rose by two per cent to some 370,300 in 2017, which is up from the 361,300 new mortgages in 2016.

This positive result for the property market has been stimulated by on-going low mortgage rates and an increasing demand for houses, indeed the estimated total number of mortgages agreed in 2017 was the highest it’s been since 2007 at 729,300 – up 4.1 per cent from the 700,800 agreed in 2016.

First-time buyer mortgages were also on the rise, reaching a 10-year peak in 2017, missing 2007’s high by just 900, according to the Lloyds report, further stimulating upward movement in the property market.

Nevertheless, demand for homes is still 43 per cent below the pre-financial crisis peak of 653,700 in 2007.

Lloyd’s Bank’s Andrew Mason was quoted by the newspaper as saying: “House price increases will have boosted equity levels for many home owners, enabling movement along the housing ladder. For the first time, homemovers are choosing to pay an average deposit of over £100,000, with Londoners putting down nearly double this.”

However, London was the only part of the UK to experience a decline in the number of mortgages agreed by home movers, with a six per cent slide year-on-year.

Uncover Bristol’s Secret History

If you’re in the process of organising house removals in Bristol and will be setting up home in this wonderful city for the first time, you have so much to look forward to.

There’s a thriving cultural and arts scene here, and there’s also a lot of history to discover, if you know where to look.

To help you as you find your way in your new city, the Bristol Post recently highlighted some of the top secret historic sites it has to offer – even if you’ve lived here for years you may not know about all of these.

First up are the slipper baths at the Bristol South Swimming Baths. The swimming pool is still in use, but the slipper baths – a common feature in the Victorian era – have remained closed and untouched for decades. You can explore them on annual Bristol Doors open days.

You can also seek out the door to nowhere. This slightly odd feature can be found on Rutland House in Hotwells. The door was left where it was, despite the fact that it now leads nowhere, because it was deemed a historic feature when the house was redeveloped into flats in the 1970s.

Make sure you also head to Temple Church in Redhills, because the bell tower leans by over 1.5m. The church was constructed in the 1400s, so even without its leaning tower, it’s worth a visit.

As well as all the historical sites there’s plenty more to look out for. One feature to check out is the city’s latest bridge by Castle Park, which developer Cubex even asked locals to help name last year.

Bristol Most Desirable City For House hunters

Bristol is now the most desirable city for house hunters, so the best removals Bristol has to offer are likely to be in high demand.

A new poll by the online estate agents RightMove has shown that Bristol is the most popular place that people looking for a home search for outside of London.

It is followed by searches for homes in these places:

  1. Bristol, Bristol
  2. York, Birmingham
  3. Norwich, Leeds
  4. Edinburgh, Manchester
  5. Sheffield, Nottingham
  6. Birmingham, Liverpool
  7. Cambridge, Glasgow

It is popular among both renters and buyers, with many attracted to the city due to the diversity the local area offered.

Sam Riddell, senior branch manager of Andrews Property Group in Bishopston  told the Bristol Post: “Bristol has something for everyone, from the bohemian streets of St Werburghs to the grandeur of Clifton Village.”

Bristol was named the best place to live back in 2017, according to the Sunday Times Best Places to Live Guide.

Many cite the quirky city’s nightlife as a big draw for many people, with the city boasting a university and young demographic. However, the technology jobs in the local area, coupled with the arts scene there have cemented the city as a favourite.

The Sunday Times list considers crime rates, schools and house prices, among other aspects in order to decide which areas are the best places to live in the UK.

Bristol Property Prices Up On Last Year

The average cost of buying a home in Bristol has increased 6.1 per cent compared to last year, new data has shown.

According to the latest house price research from Hometrack, a company that’s part of the Zoopla group, Bristol came eighth in the list of cities that have seen the biggest house price increases in the UK this year.

A home in the city now costs an average of £277,600, the website revealed, making it the most expensive place to buy a property in the top ten.

Heading up the list of places that have experienced the biggest house price growth is Glasgow, where values have shot up by 7.9 per cent in the past year. However, the average property in the Scottish city comes in at £122,800, considerably lower than Bristol.

Insight director at Hometrack Richard Donnell commented: “Over the last 12 months there has been a dramatic south to north shift in the momentum of house price growth, which has culminated in Glasgow registering the fastest rate of house price inflation in the UK.”

The only other southern city, apart from Bristol, to make the top ten was Southampton, which came in at tenth place with price growth of 5.4 per cent.

Hometrack is anticipating that regional cities will continue to drive house price growth in the UK, as the larger markets like London continue to slow in the coming months.

If you’re thinking of moving to Bristol, you may want to get on top of the process and start arranging home removals to Bristol before house prices increase too much further.

For anyone who isn’t sure where in Bristol is right for them, take a look at our blog highlighting the three best spots to live in the city. Among them is Totterdown, which is known for its family-friendly atmosphere and good schools.

Bristol Promised Underground In Ten Years

Bristol’s mayor Marvin Rees has announced that he plans to deliver an underground network of three railway lines for Bristol by 2027.

Under the proposals, there would be lines linking the city centre to Bristol Airport, Bradley Stoke and Emersons Green and the scheme is expected to cost £4 billion to deliver.

Mr Rees told the BBC that the city needs to provide people with an alternative to driving. “We have no viable mass transit system in the city and we’ve got to give people a viable alternative to using the car,” he stated.

He added that creating an underground network would “protect the beautiful surface of our city”.

However, the proposals have been met with scepticism by many, with the Bristol Post pointing out that there are a number of other infrastructure projects in the city that have yet to get off the ground – and that an underground system will be more complicated.

Others have been supportive of the plans, and urged other Bristolians to do the same. Jane Sommerville told the publication that this project is much needed in the city and urged others to get behind it.

“Perhaps instead of moaning and complaining, people could try and support new ideas and help shape them,” she stated.

If you’re in the process of looking for a new home in Bristol and arranging home removals in Bristol, you may want to consider where the new lines are proposed to go, as properties within easy reach of an underground stop are likely to be highly sought after, if the plans come to fruition.