Despite widespread disruption to the UK property market by coronavirus, 130,000 homeowners across England and Wales have already sold their homes and made a move in 2020.
Newly released research by home setup service, Just Move In, has revealed that so far this year, Birmingham, Leeds and Cornwall are amongst the nation’s home mover hotspots.
Just Move In analysed property sale transactions and found that regionally, the South East is home to the highest number, with 20,771 home moves so far this year. The North West (17,015) and the East of England (14,342) also rank highly.
However, when looking at the highest level of home moves at district level, it’s Birmingham that takes the title as the nation’s home moving hotspot. So far this year, 1,967 people have sold up in the city, with Leeds ranking with the second-highest number at 1,889.
Cornwall (1,483), County Durham (1,318), Bradford (1,241), Sheffield (1,196), Wiltshire (1,161), Bournemouth, Christchurch and Poole (1,129), Bristol (1,077) and Liverpool (1,072) also rank within the top 10.
Within the capital, Bromley has seen the highest number of home moves so far this year with 779 transactions.
Wandsworth (686), Croydon (665), Havering (579) and Barnet (577) are also amongst the boroughs to see the highest level of home moves.
Ross Nichols, Co-founder of Just Move In said, “It’s great to see there are plenty of pockets of the property market where homeowners are on the move despite the obstacles posed by COVID-19.
“We know home moving is an incredibly stressful process and to reduce this stress we often stick with our current utility providers. However, this isn’t always the best option and as well as saving money, moving to a new provider could also mean a better service and better value for our money.
“Our previous research found that the average home mover saves £350 when switching supplier, which is nearly £700,000 that could have been saved in Birmingham during 2020 alone.
“This saving is all the more significant now, in what are much tougher financial times for many, so we’re proud to help home movers across the nation tighten their belts whilst improving the service they receive.”