26 Jun

3.25m Brits planning to move home

3.25m Brits planning to move home

Despite volatility in the property market, 3.25 million homeowners are planning to move in the next 12 months.

That is according to new research from Alliance & Leicester, which also looked at the steps people are taking to add value to their home.

After lender HBOS predicted recently that UK house prices will fall by nine per cent by the end of this year, savvy owners are taking steps to add value to their properties, with 19 per cent intending to make home improvements in the next year in order to improve saleability.

The most popular way to do this is the redecorate, with 69 per cent of respondents in the bank's survey going for this option.

Improving outdoor space and carrying out routine maintenance came in second and third place.

Richard Taylor, head of mortgage products at Alliance & Leicester, commented: "Even within the current climate, there are still millions of people who are looking to move and they are doing all they can to get the best price for their property."
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