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Your email address will not be published.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 *

Brexit

“Brexit exodus” sees more and more Britons quitting the UK

18 June 2019

Brexit

How is Brexit Impacting Your International Move?

5 June 2019

News

A Premises Protection Promise That Won’t Trip You Up

28 May 2019

Australia

Perth Climbs Up the List of Australia’s Most Liveable Cities

22 May 2019

New Zealand

Aged Care Nurses, Teaches and Building Associates Added to New Zealand’s Skill List

8 May 2019

Features

Help me John Mason International, You’re my only hope….

4 May 2019

Our Credentials

As one of the leading providers of overseas removals 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 as one of the leading international moving companies by the networks below and we are, therefore, proud of our credentials and the quality standard they represent.

Some of our Customer Reviews

From the initial meeting to the pack up John Mason were both friendly and professional. We have already recommended them to friends, we don’t hesitate to recommend them for your move.

Surrey, UK to Auckland, New Zealand - June 2018

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 – November 2018

Absolutely one of the best movers I have worked with. Pleasant helpful admin staff and the delivery drivers were absolute angels sorting and moving the boxes where I asked them to. Arrived exactly when they said it would.

Selby, UK to Sydney, Australia - September 2019

Read more independent reviews about us on TrustPilot