Local cardboard box manufacturers, Boxed-Up, have enjoyed a dramatic sales boost following trends in the UK property market.
According to data from Lloyds Bank, the number of house movers in the UK is at a 10 year high and as a result Boxed-Up have witnessed over a 20% increase in sales for their house moving packs in the last year alone.
The number of people moving homes in 2017 stood at 370,300 – its highest level since 2007, following continued low mortgage rates and an increasing demand for homes, according to Lloyds.
Kate Hulley, Director at Boxed-Up, explains: “These statistics definitely resonate with our team, who are dealing with an unprecedented amount of enquiries for home removal boxes as of late.”
Kate, who heads up the female-led team, goes on to say: “Whilst this trend is great for our business, it’s also an incredibly exciting time all-round for existing homeowners and young people looking to buy their first home.”
Lloyds also claim that increased employment levels have boosted people’s ‘buying confidence’, contributing to the trend.
Mortgage products director at Lloyds Bank, Andrew Mason, also claims that “house price increases will have boosted equity levels for many homeowners, enabling movement along the housing ladder.”