House prices in Oxford and the wider Oxfordshire region increased by 3.3% in 2012 compared to the previous year according data published by the Land Registry, with the rate increasing in the second half of the year. The number of households moving in 2012 stayed the same as in 2011, although there was a marked tail-off in the second half of the year which was 6% down on the same period in 2011.
The use of self storage units was also up. The Fort Box self storage centre in Oxford reported higher customer numbers for the year and attributed this to increased awareness of the benefits of using self storage. For example they saw large numbers of households using storage rooms for a short term period whilst they underwent home improvements and building works.
David Niven, the Fort Box Oxford manager commented “With the house market remaining quite difficult in Oxfordshire we have found that many of our customers really appreciate our short term storage offer of “Stay 2 Months, Pay for One” which effectively gives you your first month free. Our minimum stay is only seven days and many customers take advantage of this flexibility.”