22 Jan

Quarter of UK could be on the move in 2014

Quarter of UK could be on the move in 2014

Estate and letting agents could be in for a busy 2014 as a quarter of people could be looking to move this year, according to a recent survey.

New research from Ocean Finance has revealed that both renters and buyers could be looking for a new home in 2014, despite rising prices in the property market.

The 18 to 24 year old age group saw an increase of 46.6 per cent of people who want to move this year, suggesting that the number of potential first time buyers is still rising.

What’s more, 37.9 per cent of people ages between 25 to 34 are also considering a move over the course of the next 12 months.

Just over 40 per cent of Londoners are looking to relocate in 2014, whereas people in East Anglia are more likely to stay put, with only 17.8 per cent thinking about a move.

A big factor for potential movers seems to be space, with just over a quarter of respondents (25.3 per cent) looking for a larger home.

Ian Williams of Ocean Finance said: “Whether they plan to rent or buy, our research shows a quarter of people plan to move house this year. Whether or not they actually succeed in doing so, the figures show that demand for property is likely to remain strong.”ADNFCR-1222-ID-801684920-ADNFCR

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