Warrington Homeowners Are Only Moving Every 16 Years (Part 2)

Posted on: 2 November 2017

Warrington Homeowners Are Only Moving Every 16 Years (part 2)

In the credit crunch of 2008/9 the rate of home moving plunged to its lowest level ever. In 2009 the rate at which a typical house would change hands slumped to only once every 30 years. The biggest reason being that confidence was low and many homeowners didn’t want to sell their home as Warrington property prices plunged after the onset of the financial crisis in 2008. However, since 2009, the rate of home moving has increased (see the table and graph below), meaning today:

Continue reading this blog here: https://warringtonproperty.blogspot.com/2017/11/warrington-homeowners-are-only-moving.html

Share:


Recent Articles

7 November 2024

Bank Of England Update: November 2024

In a move that has both analysts and homeowners buzzing, the Bank of England's Monetary Policy Committee (MPC) has decided to reduce the Bank Rate from 5% to 4.75%. This decision, announced on 7 November 2024, marks the second rate cut this year, reflecting the Bank's confidence in the UK's...

5 September 2024

Warrington Property Update, August 2024

As we wrap up the summer of 2024, it’s time to take a look at the property market, both nationally and right here in Warrington. Spoiler alert: it’s been a wild ride. Property prices continue to steal the limelight with their unpredictable behaviour, and whether you’re buying,...

8 August 2024

Warrington Property Update, July 2024

As we sip our morning cuppa and ponder over the ever-changing property market, it's time to delve into what’s been happening to property prices both nationally and here in lovely Warrington. Spoiler alert: there’s plenty to discuss! National Overview: Let’s start with the...

instant online valuation

Get an instant online valuation

Find out how much your property is worth