Why do space events affect the property market?
Whether your an avid star watcher or have never seen a shooting star before, its clear that everyone seems to be super excited over space news recently.
With the sightings all over the UK of the Aurora Borealis and now the buzz of the meteor shower due tonight. Its no wonder that the UK is all a buzz.
Strangely though, when any astrological events like this take place, we see a slight tilt in the property market.
People who live in apartments hear all the buzz and see the beautiful pictures of the meteor shower, or of people taking images from their gardens, and suddenly the housing market is a buzz with people wanting to transfer from flats and apartments to the classic 2 story home with a garden and a drive.
Unsurprisingly most flats now surpass the rental cost of an average 2 bed house, with city centre flats seemingly the most sought after kind of properties for millennials and below. It is more desirable to live in a city centre location, within walking distance of all basic amenities or within “15 minute city” areas.
Younger generations express great concern over the environment and prefer walking to driving, which makes apartments ideal for them due to the complete lack of parking facilities for almost all flat and apartments across the country. Sure there are a few parking spaces available, but not enough for the whole block.
Whether you are an apartment lover or house dweller, we hope you get to see a shooting star or two, and if you do decide that you would love to like in a blanket in your own garden under the light of the moon to watch instead, remember to call Smart Auction UK to help find the perfect home for you within any area and budget all across the UK.
Get in contact with us today to see if we can find your dream property within your pricing budget.
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