At Austin Property Services, we have seen an extremely busy year in the housing market, and people are still moving.
We stay connected to the local community, and we get to know our clients. This ensures we have a good understanding of the key reasons why people are moving home at this time. We also stay in touch with the latest studies across the country.
This is important, because if you are looking to move home soon, it is best to make an informed decision.
We are more than happy to provide you with a range of services, aimed at ensuring you make an effective move. If you would like to arrange a property valuation, or you need to discuss your options, please contact us today, and we will be more than happy to assist you.
What factors drive property moves in 2021?
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%
Are good schools important to you?
This last part is an interesting one, as schools are regularly cited as a reason why people move home. Perhaps people in an area are already aware of what schools are there, so the standard of schooling isn’t an issue that will see them move away.
Matthew Cooper, Founder & Managing Director of Yes Homebuyers, commented: “It’s fascinating how our home purchasing priorities have been so drastically influenced by the pandemic, with the need for more space now ranking as the driving factor behind the decision to move. However, many homeowners have found that spending so much time at home has unearthed another reason as to why they simply couldn’t stay in the same home for any longer.”
Matthew concluded by saying; “Having spent months on end living next door to each other under lockdown restrictions, a third of us have had enough of our noisy neighbours, choosing to move in search of some peace and quiet.”