The property market is moving in one of the UK’s most popular coastal towns according to a report by online estate agent housesimple.co.uk, which reveals how Bournemouth is one of the top 10 UK destinations to have the highest number of properties for sale as a proportion of the population.
Bournemouth featured alongside nine other destinations including Newcastle, Manchester and Liverpool, all of which represent three modern, thriving cities.
The report is announced as many mortgage lenders are reducing their rates in order to attract potential applicants before the end of 2014.
Jo Frankowski, who manages Bournemouth mortgage and insurance broker, Complete Mortgages, comments: “Activity within the Bournemouth property market is increasing whilst mortgage rates are decreasing. It’s a perfect combination and one that will no doubt be welcomed by those looking to either move into the area, purchase a holiday home or arrange a buy to let mortgage. Bournemouth has huge appeal and this, combined with a market that’s more accessible than ever and has a vast selection of properties on offer, means that Bournemouth itself is currently hot property.”
The announcement follows a recent report by Hampton’s International that saw Bournemouth ranked second in a table of top 20 downsizing destinations.
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