Bury House Prices: How COVID-19 has affected the property market
2020 has been a difficult and uncertain year for most of our customers, but here is a reminder that SureStore remains open throughout the pandemic offering affordable home self-storage solutions for when you need it the most.
Discover how the coronavirus pandemic has affected house prices in your local area whether you’re planning on moving to Bury or thinking about selling your home.
How has the coronavirus pandemic affected house prices in the UK?
Since the ease of the first national lockdown, the UK property market has experienced a mini boom as in-person house viewings and home moves continue to go ahead. The UK property market is also expected to remain open and operating during England’s one-month lockdown from 5 November, but how has the coronavirus pandemic affected house prices in the UK?
The 2020 property market as a whole is on the rise, and the government’s stamp duty cut may have contributed significantly with buyers in some parts of the UK potentially saving up to £15,000 in tax if they move before April 2021. Despite the interruption caused by the first lockdown data from HM Revenue and Customs (HMRC) states that 98,010 property sales went through in September, showing an increase of 21% on August’s figures and a decrease of just 0.7% on last year.
The impact that coronavirus has had on UK house prices is beginning to become more evident, although figures may still fluctuate as circumstances change. According to the Land Registry’s UK House Price Index, the price of UK property has increased by 0.7% month on month and 2.5% looking at year on year in August. Property portal Rightmove has revealed their index based on asking-prices revealing an increase of 1.1% month on month and 5.5% year on year in their October report.
Property market predictions are currently optimistic but this may not last of the market and house price growth slows down after the government’s coronavirus support schemes and stamp duty cut come to a close.
House Prices in Bury 2020
A large market town in Greater Manchester, Bury is known for its world-famous open-air market and legendary black pudding. Popular with families and first-time buyers, Bury offers commuters a convenient location just outside of Manchester, and in 2020 was recognised as the first Greater Manchester Town of Culture.
According to Zoopla Property Group, the average price paid for a home in Bury over the last three months is £166,859 showing a value change rise of 3.07% as sales went ahead.
It seems COVID-19 has resulted in an increase of property prices, although year on year Bury remains to be a less expensive option for people moving to the Greater Manchester area.
Move home the easy way with SureStore Bury
Moving home can prove stressful at the best of times, but fortunately, SureStore Bury are here to help you move home the easy way!
Discover our clean, safe and secure home storage units, ranging from 10sqft to 200sqft, at our innovative self-storage facility. Our units are ideal for storing furniture and your personal belongings, whether it’s a few boxes or the entire contents of your family home.
Use our affordable self-storage service and save money on costly removal van trips. Our flexible storage plans mean you can keep your belongings with us on a short or long term basis, perfect for when there are delays in your moving chain or you need to stay in temporary accommodation.
All home storage customers at SureStore Bury benefit from a 24 hour CCTV system across the facility, individual hi-tech alarms in each unit and unique key code access for remote operations.
So, if you’re moving home in Bury, contact our friendly self-storage team on 0161 260 0920 to find out how we can help to make your move stress-free. You can also book your Bury home storage unit online today!
Find our fantastic SureStore Bury facility at Unit 5, Park 66, Pilsworth Road, Bury BL9 8RS. Our opening hours are Monday to Thursday from 8am to 7.30pm, Friday 8am to 6pm, Saturday 9am to 4pm and Sunday from 10am to 3pm.