John Mason +44 (0)151 449 3938 International House 35 Wilson Road Huyton Business Park

UK

Homeowners moving in London falls to its lowest levels since 2002

The Council of Mortgage Lenders (CML) are reporting that the number of homeowners moving house in London last year fell to its lowest level for over 25 years.

The CML also stated that home-movers in the capital took out just 32,400 loans in 2016, not just a 10% decrease compared to 2015, but also the lowest number since the recession in 1991. The number of first-time buyers needing a loan also fell by 5%.

“Persisting supply and affordability issues appear to be exerting an ongoing restraint on growth, meaning there is some uncertainty around how the market will perform going into 2017,” said the CML’s director general, Paul Smee.

The average home mover in London borrowed £335,000 in 2016, which represented just under four times annual household income whilst the average house price in the capital is now £484,000, according to the Office for National Statistics.

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Guide to Comparing International Removal Quotes

9 January 2018

News

Six White Boomers, Robins, Camels & Donkeys – Christmas Animals around the World

23 December 2017

Company News

Christmas Opening Hours 2017

15 December 2017

Australia

Moving to Australia: Importing Christmas Decorations

1 December 2017

New Zealand

Items that you can and can’t take when moving to New Zealand

27 November 2017

New Zealand

Healthcare in New Zealand and Health Visa Requirements

20 November 2017

Our Credentials

As one of the leading Movers on a national and international scale, we pride ourselves on providing a professional and friendly service from our highly trained and competent team. We have been recognised by the networks below and we are, therefore, proud of our credentials.

Some of our Customer Reviews

Thank you and everybody involved, you are an excellent team and an absolute pleasure to deal with.

J.D. Liverpool, UK to Toronto, Canada -
July 2017

My whole experience with John Mason's has been very good, from having Tony surveying till today with the container being packed, I will definitely recommend John Mason to provide removal services.

M.H. South Shields, UK to Perth, Australia – July 2017

Thanks Suzanne for all your help – it’s not easy trying to sort things out from such a long distance away and you’ve been superb! Thank you!

C.H. Warrington, UK to Edmonton, Canada - August 2017

About us