Moving home can be triggered by dreams and desires as much as necessity – as proven by the post-Covid trend for lifestyle change.
However, Quealy & Co has learnt that almost a third of moves were ‘needs-based’ according to a survey of 10,400 home movers. These moves were prompted by a growing family, job relocation, divorce, ill health, or bereavement.
Needs-based buyers always present strong sales opportunities for home sellers. Discretionary buyers, including many first-time buyers and investors, may wait to see an improvement in mortgage lending conditions.
The October RICS survey indicates a further downward trend in buyer enquiries and sales, with national house price growth stalling for the time being. Prime markets where cash buyers are active could still see an inflation in house prices over the next few years.
Quealy & Co are here to help
Whether you want to move or need to move, Quealy & Co are your trusted estate agent in Sittingbourne. Get in touch with a free, no obligation appointment to discuss your requirements. We are happy to provide advice on the current property and financial market, tailored to your specific circumstances.
Source: Dataloft, Property Academy Home Moving Trends Survey 2022, RICS
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