Deciding when to move is a personal decision. Sometimes it might be forced by a life event, such as a new job, a separation or a new baby. Sometimes it just feels like you might be ready to take a step up or down the property ladder or you want to make a change.
In news which is bound to please sellers, a report earlier this month announced that the average house price in Britain has now reached a third of a million pounds for the first time.
Sellers were asking for, on average, £333,564 for a property in May – a jump of £5,767 (1.8 per cent) since the previous highest figure was recorded. Which was only the month before.
A shortage of properties for sale, the pent-up pressure from lockdown and more people working from home have all combined to create the ‘perfect storm’ of a seller’s market. Even with the stamp duty savings coming to an end shortly, estate agents are reporting they’re not expecting the property market to slow down any time soon.
There has been reports of an influx of homeowners moving from the South to the North, now they’re not tied by a daily commute and can work remotely – allowing them to dramatically reduce their mortgage or buy a much bigger property. In fact, according to Rightmove, house prices have increased by over £19,000 on average, outside Southern England, whereas in London they are up by just £1,500. The largest increases over the past 12 months have been in Wales (13 per cent) the North West (11.1 per cent) and Yorkshire (10.5 per cent). North Yorkshire’s Selby has seen one of the largest jumps, with a 23 per cent increase in the average property price year on year. Richmondshire in the county has also risen by 18 per cent.
It seems if you want to move in Yorkshire, you might need to get planning!
If you’re considering a house move, McCarthy’s can help with all your removals’ needs – whether you’re looking at removals in Leeds, or further afield. Things are looking busy, so make sure you start the process of securing your removal company as soon as possible – our estimates are valid for six months, so even if it takes a while to get your completion date agreed, you can then get us booked in as soon as you know when.
Of course, in a seller’s market, if you have a house to sell and a house to buy, the trouble can be finding a house you want to live in quickly once yours is snapped up. In some cases homeowners decide to sell theirs to get the money in the bank, moving into rented accommodation whilst they find a new home – which they can then move quickly on with the added bonus of no chain. We can help with a removals and storage service – storing your belongings safely in sealed containers until you need them.
If you’ve decided to make the most of the Yorkshire property price boom and you need a local removal company to help – get in touch! We’ve over 50 years of expertise in getting homeowners safely moved.