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Property prices dropping faster than Bitcoin

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Our latest research has highlighted property prices are dropping faster than Bitcoin in recent months. Bitcoin is down some 65% in value in the past 12 months with the price cooling down by 40% since the summer heatwave of 2018. Demand in the property market also has a winter chill with prices falling as Brexit uncertainty deters buyers.

 Bitcoin   Price (£)  Difference (£)  Difference (%)
03-May-18 £6,721 -£3,981 (£) -59.23%
24-Jun-18 £4,590 -£1,850 -40.31%
01-Nov-18 £4,986 -£2,246 -45.05%
21-Jan-19 £2,740

The latest property insight from our team shows huge values being wiped off house prices across the UK. London is the area most obviously affected, most notably prime central London. The research highlighted a number of properties which have seen their values crash by half within two months, more than the well-documented fall in the cryptocurrency value.

 Properties for sale  Date Listed   Original (£)  Current (£)   Difference (£)   Change  (%)  Listing    
2 Bed Flat Harringay 28th Dec £820k £410k -£410k -50.00% See more
1 Bed Flat Norwood Junction 13th Dec £425k £225k -£200k -47.10% See more
2 Bed Flat Canary Wharf 6th Feb 17 £1.65m £900k -£750k -45.50% See more
3 Bed House Stamford Brook 2nd Oct £1.6m £999k -£600k -37.50% See more
16 Bed Bungalow Cornwall 19th Jun £375k £225k £150k -40.00% See more
3 Bed Bungalow Plymouth 11th Aug £235k £145k -£90k -38.30% See more
4 Bed House Preston 11th Sep £590k £295k -£295k -50.00% See more
6 Bed House Norwich 25th Apr £1.5m £1m -£500k -33.30% See more
3 Bed House Birmingham 5th Sep £650k 329k -£320k -49.20% See more
6 Bed House Lincoln 7th Jul £1,2m £750k -£450k -37.50% See more
5 Bed House Grimsby 30th Nov 17 £1.5m £950k -£550k -36.70% See more
2 Bed Witley Surrey 17 Jul £795k £500k -£295k -37.10% See more
3 Bed House Kingussie Scotland 17th Jan £500k £285k -£215k -43.00% See more
5 Bed House Trowbridge Wiltshire 18th Oct £1.9m £950k -£950k -50.00% See more

Bitcoin price is currently around £2,745, down 45% since November 2018 and a long way from its record price in December 2017 at £14,759.  However, our research team has highlighted property also declining at drastic rates, such as a 2 bedroom flat in Harringay which is now 50% cheaper than when it was listed at the start of December 2018.  

Another flat in Norwood Junction is down 47% and a two bedroom apartment in Canary Wharf is down over 45% compared to the original listing price.

A 3-bed house in Stamford Brook, a lovely part of West London, is now listed for 38% less than it’s original £1.6 million listing price.

Bitcoin has seen similar drops since Autumn 2018 and the estate agent for this property has confirmed the vendor has accepted an offer of over 41% less than what they valued the property at in October.

It’s not just in the capital where prices are falling, the AnyVan research found properties up and down the country with huge price drops. Scotland, Wales, Cornwall, Birmingham, Manchester and Norfolk have examples of properties seeing declines bigger than the cryptocurrency crash.

The research highlighted large properties were more likely to face the drop.

A 5 bedroom property in Trowbridge, listed for £1.9 million by the estate agent has now sliced its price in half within just 3 months. A 6 bedroom property in Norfolk which hasn’t sold since being put up for sale 10 months ago has seen half a million pounds taken off its price.

Another example in Grimsby, an area where the average property price is just £147,518, has seen a property which hasn’t managed to sell in 15 months cut £550k off the original listing price. In Cornwall, a renovation project to 16-bed bungalow drop by 40% to just £225,000 since it was listed back in June.

Moving expert Angus Elphinstone, CEO of AnyVan.com commented “ Our latest research shows just how bad the property market currently is for some. Unable to sell their home to move, they’re forced to dramatically drop their price to attract hard to find buyers. The last year was certainly a brutal year for the majority of Bitcoin investors, but it’s frightening to see the value of peoples homes fall by such levels in a quick period.“

AnyVan - Move Anything, Anywhere.
No matter what you are moving: from a King-Sized bed to a framed picture of the Queen; a Grand Piano to a classic Capri; we’ll take care of it all the way from Penzance to Peterhead and beyond.

Half of home movers move less than 10 miles

The latest research released by home moving company AnyVan highlights that half of home movers move less than 10 miles.  

Home mover insight from AnyVan.com analyzed over 18,000 removal jobs and shows 48% of property moves are less than 10 miles from their current home with just over a quarter of moves (27%) less than 5 miles. 62% of all moves are less than 20 miles with 57% less than 15 miles. The data also gave an interesting insight into those moving bigger distances with moves over 20 miles at 38% and 50 miles at 25%.

Half of home movers move less than 10 miles

Finding a new home is difficult no matter how far you are moving, especially with the current slow down in the housing market. Home sellers are finding it increasingly difficult to find buyers and in some pockets of the UK, prices are starting to fall. With Brexit on the horizon, who knows what is in store during 2019!

A fresh start elsewhere in the country or abroad could be for a new job, university or you’re selling up to head to the coast to enjoy your retirement. But larger relocations of over 100 miles make up just 17% of movers in 2018 according to AnyVan.

Removals

Moving expert Angus Elphinstone, CEO of AnyVan.com, commented “Our vast database of home mover data highlights the majority of movers don’t fly too far from the nest. Nearly half of all movers in the UK move under ten miles with a quarter moving less than just 5 miles. It’s easy to know why as once you are set in an area that you know and love, it can be very daunting to think about moving too far away. For most, you spend years living in the same home and making nearby friends.
For those with school-aged children, it can be hugely difficult to move too far away as finding an available school place is not always that easy. However, for some, it can be tempting for a small move of just a couple of miles to get into the catchment for a better school.”

AnyVan - Move Anything, Anywhere.
No matter what you are moving: from a King-Sized bed to a framed picture of the Queen; a Grand Piano to a classic Capri; we’ll take care of it all the way from Penzance to Peterhead and beyond.

Upcycled Christmas Tree Ideas

Once again, AnyVan have teamed up with the Queen of Upcycling, Lynne Lambourne of Love Nellie, to spread some Christmas cheer!

A traditional Christmas tree decorated with baubles and lights is a magical sight to behold, but if you’re a little less conventional and don’t feel the need to conform with the norm, unleash your inner festive creativity this year!  There are plenty of beautiful Christmas tree alternatives you can make yourself!  If you are looking for something quirky and creative that won’t break the bank, then we have some easy ideas for you. All we need now is a pinch of enthusiasm and maybe a small glass of mulled wine for inspiration!

Old pallet wood, upcycled bed slats or just random offcuts of wood are perfect to use, and they look charming painted in different colours like this one.  I made mine from old bed slats from a broken bed that I salvaged, painted them in Annie Sloan ‘Paris Grey’ and voila!  For a wintery feel, I used a white wax to give a whitewash effect over the top to finish the tree off.  They are great to pop in the corner of a room and perfect for smaller rooms as they don’t take up much space.

upcycled christmas tree

Making a Christmas tree from a pallet is also super easy as the shape of the tree is already in there – but you need to cut them down!  Mark off the triangle shape of the tree and then use a saw to cut out the shape.

upcycled christmas tree

I used a reciprocating saw to make mine as it cuts the pallet wood easily, I then gave it a good sanding down to get rid of any splinters before painting.

I gave the tree a very light paint in Annie Sloan Pure paint which I had watered down for a whitewash effect.

If the thought of sawing the wood is too much or you don’t have the tools merely paint onto the pallet a shape of a tree and hammer in a few nails to hang the decorations.

upcycled christmas tree

Image Credit: trendhunter.com on Pinterest

Now, this upcycling project may seem like a crazy idea, but it’s effective.  Charity shops are full of old unloved lampshades (as are lots of lofts!) and they make the perfect frame for a Christmas tree – and cost next to nothing. It’s just about collecting the right size ones that can go on top of each other to form a tree shape.

upcycled christmas tree

All you need to do is strip down the lampshades to their metal frames; this is super easy to do. Once you remove all the fabric from the frames, it’s time to wire them together making sure to keep them stacked in the Christmas tree shape. Now you are ready to attach lights and baubles, get creative!

upcycled christmas tree

This year, my favourite upcycling idea for the festive season is a ladder tree.

I found a tall old ladder and cut it in half, attaching two hinges to the top of the ladders to keep them together.  A bit of Annie Sloan paint on the ladders to give a vintage, and then I decorated them.  I used clear cotton attached to the rungs of the ladder to make an invisible frame that I could hang the babbles on.  I think it looks so lovely when lit up and such a great way to use an old ladder – second-hand sites are full of old ladders that cost next to nothing and can put to good use year after year.

upcycled christmas tree

These ideas demonstrate how nifty alternative Christmas trees can be, with the average Christmas tree costing around £70.00 they could also save you a pretty penny. Let’s face it, despite all we do to keep a real Christmas tree alive if someone sneezes too close to it after day five most of the pine needles are on your floor – but not with one of these creations. Christmas is a time when families come together, this year in the lead up to Christmas designing and making your very own individual tree would be a lovely activity.  Don’t get out the scrabble board – get pallet hunting and tag us in on all your creative trees. Merry Christmas you creative lot!

AnyVan - Move Anything, Anywhere.
No matter what you are moving: from a King-Sized bed to a framed picture of the Queen; a Grand Piano to a classic Capri; we’ll take care of it all the way from Penzance to Peterhead and beyond.

Save £64 for each extra commuting minute by moving to the commuter zone

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We’ve released our latest research highlighting families renting in London could save up to £64 a minute by moving to the commuter zone. The research has used the price of renting a regular 3 bedroom family property in the capital against a similar house in a commuter town.

The cost of property in London is high, especially for working families which rent their family home. For those of us who work in Central London, adding just a few minutes to a commute can save hundreds of pounds each month. But where can you move to which gives you a similar commute time plus a similar sized property?

Woking offered the biggest saving per minute for a property move. There are a number of rental homes close to Woking station and with its quick train link to Waterloo, the commute time from your front door can be as little as 28 minutes. There are decent savings to be made, roughly £191 a month in comparison to living in Colliers Wood which can have a 25-minute journey into Zone 1. This means a saving of £64 for each minute added to the commute time.

St Albans is another known commuter hotspot, with a non-stop service into London. Commute time from a property close to the main station could see you at Kings Cross in just 23 minutes, which is actually only five minutes more than if you lived up the Victoria line in Walthamstow. This switch could see you save £31 per minute with a monthly saving of £157.

The biggest potential monthly saving shown in this research was £589, by moving from South Clapham to beautiful Berkhamsted. A similar saving could be gained by switching homes in South West London, such as Gunnersbury, to Reading. If you’re looking at Reading, be sure to check out Caversham which offers a village feel but is just a few minutes walk from central Reading and the mainline station. A short walk and direct train into London will take just 31 minutes and could save commuters £39 a minute, or £545 per month.

A lesser-known option is Haddenham, a small village close to Thame on the border of Oxfordshire and Buckinghamshire. Haddenham offers a direct fast train service which gets you into Marylebone in under 40 minutes. This commute would add just seven minutes in comparison to travelling in via the Bakerloo line from Kenton. This switch would save £45 minute per minute and £315 a month.

Other locations in the research included Bedford against Edgware which had a saving of £45 per minute. Seven Oaks was just four minutes longer than Tooting Bec with a saving of £39 per minute. Kings Langley offers a commute of 29 mins into Euston versus West Finchley at 22 mins. This 7-minute difference could save £41 per minute.

Moving expert Angus Elphinstone, CEO of AnyVan.com commented “ Our research highlights just how much money families who are renting in London could save by moving to a commuter town. Locations like Reading, St Albans and Woking offer rapid direct train links and give movers an option to save money by adding just a couple of minutes to their journey time in comparison to living in Zone 3 or 4. Commuter train tickets can cost upwards of £500, which might seem a bit steep for some, but even with the additional travel costs families can easily save £500 a month by switching London to a commuting hub.

“Our advice before you move anywhere is always do your homework and research the area. We’ve selected areas with available rental properties within a few minutes to walk to the train station as using a car park could add a further £100 per month to a commute.“

AnyVan - Move Anything, Anywhere.
No matter what you are moving: from a King-Sized bed to a framed picture of the Queen; a Grand Piano to a classic Capri; we’ll take care of it all the way from Penzance to Peterhead and beyond.

Need to move
anything anywhere?

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