The Best Place to Buy a House in Uk
Homebuyers are increasingly looking to move to countryside and littoral towns in search of bigger homes.
A new written report by Rightmove shows that since the start of the Covid-19 pandemic, would-exist buyers have shifted their focus to popular coastal areas such as Cornwall and Devon.
Here, Which? takes a closer look at the most pop places to search for a dwelling, including communication on what'due south happening to firm prices and how to find the best place to live.
Cornwall the most popular place for home buyers
New research by Rightmove establish that Cornwall has overtaken London as the most popular area for prospective homebuyers.
The belongings portal says would-exist buyers searched for properties in Cornwall more 5 one thousand thousand times in February, more than than anywhere else in the Uk.
Six of the pinnacle ten most searched-for areas terminal month were in Cornwall and Devon, with the village of Stithians in Cornwall seeing searches rocket by more than 200% compared with last year.
This trend highlights how an increasing number of buyers are looking to relocate to rural towns and villages. Rightmove'south information shows the number of sales agreed in the second one-half of 2022 rose past 69% in rural areas, compared to 49% in urban areas.
- Find out more:how to observe the best place to live
The top five places to search for a home
1. Cornwall
Located on the southwestern tip of England, Cornwall is known for its picturesque harbour towns and popular beach resorts.
According to information from the Land Registry, boilerplate firm prices in Cornwall take risen from £235,169 to £265,775 in the past 12 months, a growth of 13%.
The average detached property in Cornwall costs £389,039, a rise of more than 14% year-on-yr.
two. London
England'due south upper-case letter is a tourist and property hotspot, with prices to lucifer.
Average business firm prices in London accept risen from £475,948 to £501,320 in the by 12 months, an increase of 5%.
Detached properties in London cost £978,289, a year-on-year increase of just under 10%.
3. Devon
The county of Devon is located in the southward-west of England. It is known as the dwelling of the English Riviera, and the historic cities of Plymouth and Exeter.
Average house prices in Devon accept increased from £260,648 to £275,356 in the by 12 months, a rise of nearly half-dozen%.
Detached homes accept grown in toll at a similar step and now average £411,102.
iv. Bristol
The city of Bristol in the south-westward of England is renowned as a cultural and creative hub, and regularly features in lists of the best places to live in the United kingdom.
House prices in Bristol accept increased past 8% in the last 12 months, with the average rising from £282,596 to £305,471.
A discrete property in Bristol at present costs £578,723, an increase of only under 10% year-on-year.
5. Glasgow
The Scottish metropolis of Glasgow is known for its Victorian architecture, cultural attractions, and thriving arts and music scene.
Glasgow's holding market is on the rise. Boilerplate house prices grew past xi% in the past year, jumping from £135,881 to £151,531.
The average price of a detached home rose by 13%, to attain £377,401.
Detached homes soar in popularity
The Covid-19 pandemic has brought a big rise in demand for detached backdrop, with buyers increasingly looking to trade upwards to become more space.
The rising in popularity of bigger properties has been led past the temporary cutting to stamp duty.
In England and Northern Ireland, the revenue enhancement suspension means buyers can salve £15,000 when ownership a property for £500,000 or more before 30 June.
Rightmove says v-sleeping accommodation discrete homes have seen the biggest rise in sales agreed in the last year, followed by four-chamber backdrop.
| Property type | Increase in sales agreed |
| Five-chamber discrete house | 38% |
| 4-bedchamber detached business firm | 26% |
| 5-bedroom semi-detached house | 24% |
| Four-bedroom semi-discrete business firm | xx% |
Are homebuyers leaving cities?
There's lilliputian incertitude that the pandemic – and the likelihood of homeworking remaining commonplace in the future – has changed the priorities of homebuyers, who are looking to leave cities in increasing numbers.
Rightmove'due south research analysed the habits of would-be buyers living in x major cities. It establish that in every case, a higher proportion of residents are at present searching for properties outside their city compared to a twelvemonth agone.
Edinburgh, Manchester and London were the three cities that the highest proportion of residents were looking to get out, as shown in the chart below.
How to find the best identify to live
If y'all're thinking of relocating in 2021, it'southward important to do your inquiry on the best place to movement to.
When weighing up your options, think about your priorities. For example, does the boondocks need to be inside an easy commute of the city or within the catchment area of a great local school, or are you more interested in peace and placidity, and green space?
Our full guide on finding the best place to live includes lots of advice on comparing areas, too as tips on how to spot an up-and-coming boondocks.
One time yous've plant a suitable location, our communication on buying a house can walk you lot through the homebuying process, from arranging viewings to exchanging contracts.
Source: https://www.which.co.uk/news/2021/03/can-you-afford-to-buy-a-home-in-any-of-the-uks-most-popular-areas/
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