How has Coronavirus affected house prices?
The ease of lockdown restrictions and in-person house viewings resuming has resulted in a small boom in the UK property market, and the government’s stamp duty cut until April 2021 may mean more people will be moving home over the next few months.
Data from HM Revenue and Customs (HMRC) states that during July 70,719 properties were sold in the UK. This shows an increase of 14.5% on June’s numbers but a drop of 27% when compared to the same time last year. However, the stamp duty holiday is beginning to have its effect on the UK property market, and property portals such as Rightmove claim more sales are being agreed now than at any other time over the last decade.
With figures likely to fluctuate, it is arguably too early to judge how COVID-19 will affect the property market and house prices. However, the Land Registry believes that by late October, UK house prices will be back on track after witnessing a 0.2% decrease month-on-month and a 2.6% year-on-year rise for April.
Most predictions concerning UK house prices and sales, expect the property market to take a hit in 2020 but then bounce back and recover in 2021.
House Prices in Burton on Trent 2020
A historic brewing town located on the banks of the River Trent, Burton on Trent is a popular residential area with many first time buyers being attracted to the area. As well as being within the National Forest and having easy access to nature, Burton also proves popular as an alternative to the West Midland towns with higher house prices, and it’s commutability to Birmingham, Derby, Leicester and Nottingham.
According to Zoopla Property Group, the average price for a home in Burton on Trent in August 2020 was £205,771. When compared to the previous three months of the coronavirus pandemic (from May 2020) house prices in Burton show a rise of 3.69% as viewing and sales have got back on track. However, when compared to August’s figures last year, the average house price in Burton has seen a fall of 4.78% with a value change of -£10,318.
The affect COVID-19 has had on house prices in Burton on Trent then seems to be in line with the rest of the UK property market, and after experiencing a decrease in sales and price, homes should continue to sell and bounce back in terms of price.
How SureStore Burton Can Help You Move Home
With or without a global pandemic, moving home can often be a stressful experience, but fortunately, SureStore is here to help! Our innovative and conveniently located self-storage facility in Burton on Trent offers a range of home storage solutions to make the process of moving home in Burton as easy as possible.
Discover a range of home storage solutions
Our clean and safe self-storage units, ranging from 10sqft to 200sqft, offer customers space to securely store furniture and other household possessions when moving home. Whether you need to store a few boxes or the entire contents of a 5-bedroom property, SureStore Burton have a home storage solution to suit you!
Affordable Self-Storage in a practical Burton location
At SureStore Burton, we understand how important it is to declutter and organise your home before you move. Using our affordable self-storage service can also help you to minimise the cost of moving by transporting your belongings to one safe and secure Burton location rather than hiring an expensive removals team for numerous journeys.
Flexible Managed Storage plans
Flexible storage plans at SureStore Burton means you can store your household possessions with us for as long as necessary, perfect for when things don’t quite go to plan, you’re experiencing a delayed buyer’s chain or you’re staying in temporary accommodation.
Advanced Security Systems
Our Burton on Trent self-storage facility boasts advanced security systems including 24/7 CCTV across the facility, individual alarm systems in each storage unit and unique key code access. You’ll have enough to think about when moving home, and can be safe in the knowledge that your household possessions and belongings are secure.
So, if you’re planning to move to Burton contact the SureStore team on 01283 204913, or book your storage unit online today and receive a further 5% discount!