The Reasons Behind Home Moves In 2021

The Reasons Behind Home Moves In 2021

At Coakley & Theaker, we are on hand to help you with whatever move you wish to make in the housing market. We know the housing market has been busy in 2021, and there are many reasons people look to move home.

No matter the reason you are keen to move, we are here to assist you. We aim to provide you with support and guidance, and if you’d like to arrange a proper valuation, please contact us today.

What drives you to move home?

Yes Homebuyers surveyed 1,059 property buyers, who have completed their move in the last six months, and asked them what their primary reason for moving out of their last home. The findings will be of interest to many people in the housing industry, and for people looking to move home soon.

• 46% of respondents cited a lack of space, either indoor or outdoor, as the reason to look for a new home

• 28% of respondents blamed messy or noisy neighbours as the key driver for their desire to move to a new house

• 9% of respondents cited expensive maintenance and costs as a factor which led to them moving home

• 7% of respondents cited the property being in need of modernisation as the crucial component in why they moved home

• Issues regarding the wider area, such as high crime rates, were cited by 7%

• A lack of suitable amenities, including good schools, was only cited by 3%

A separate study provides more insight into why people are moving right now.

Would you move to a different location?

GHD, a professional services company, carried out a survey and the findings shine a light on how many people are looking to move, related to the pandemic.

Some of the key findings include:

• Up to 40% of respondents, in the UK, are at the very least considering moving home to a different location

• Of respondents currently living in an urban area, 51% said they were looking to move

• Of respondents currently living in a city centre location, 48% said they were keen to move

• Of the respondents living in a suburban area, 34% have highlighted a desire to move

• Of the respondents living in a rural area, 28% expressed a desire to move

• 34% of respondents expect more remote working following the pandemic

• Of this group, over half didn’t work from home before the pandemic started

The most commonly cited reasons to move include:

• To have more space to allow easier remote working

• To live in an aera which had cleaner air

• To have better local access to nature

The survey showed people from the UK were more intent on moving than people living in Singapore, New Zealand, Australia, Canada and the United States of America.

The survey spoke more than 8,000 people in these countries, and over 1,000 respondents were based in the UK.

GHD executive director Tim Mawhood spoke about the findings, saying; “At the beginning of 2021, some large cities experienced dips in population, demonstrating the extent to which changing work practices, and the prevalence of online shopping, are increasingly making location a choice for some, since proximity to workplaces and physical shops is now less of a consideration. Early signs already suggest that peri-urban areas are growing in popularity, as some turn their back on living in densely populated city centres in favour of local living. What is certain is that town and city leaders must ensure their regions have a long-term vision for living and operating sustainably in order to attract both businesses and residents.”

At Coakley & Theaker, we aim to support the local community as much as we can, and we know this is an extremely trying time. A lot of people are looking for support and guidance, and if you have any property or housing related questions, we are more than happy to assist you, so contact us today.