Monday, 19 February 2018

More people thinking about moving house since New Year

A GROWING appetite among homeowners to move house has helped to inject vibrancy back into the residential property market, new research shows.

At the start of 2013, just seven per cent of people said they aimed to move to a new home within 12 months but that figure has now doubled to 14 per cent, according to Clydesdale and Yorkshire Banks’ annual house buyers study.

It reveals that the proportion of people planning to stay put in their current property has fallen from 62 per cent in January 2013 to 58 per cent a year later.

Meanwhile, the proportion of those intending to improve or extend their current home (22 per cent) has remained static over the course of the year.

Tim Page-Ratcliffe, of Strutt and Parker, which has an office in Pangbourne, said: “As market buoyancy continues to make headlines the good news is that the increased activity across most sectors of the residential property market is not just confined to London and the South East. Most regions of the UK including the North, Wales and Scotland are now experiencing improving trading conditions.”

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