More people want to move house in 2011
Thursday, 17 February 2011 2:43 PM
New research from Clydesdale & Yorkshire Bank has revealed that 30 per cent of people in the UK are planning to move home this year – more than three times the level at the height of the recession.
While there is normally a gap between the number of households intending to relocate and the proportion who actually make the leap, the findings represent the single biggest increase since October 2008, when less than ten per cent were planning a move.
Steve Reid, retail director for Clydesdale Bank, commented: "It is greatly encouraging for the property market that more people are clearly keen to move but, of course, there is still natural caution in the market.
"It's understandable that many people will have put off moving in the last couple of years so the potential demand is there - but the conditions will have to be right for the individual house buyer to see that demand translate into a move."
Prospective buyers were found to be most optimistic in England's south-east, where 40 per cent say they intend to move house in the year ahead, while Scottish homeowners were less keen on the idea, with only 22 per cent looking for a new property.
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