New research from Clydesdale and Yorkshire Banks today (Tuesday 7th January 2014) highlighted that optimism is returning to the property market with the number of people planning to move doubling over the last 12 months.
At the start of 2013 only 7% of those surveyed as part of Clydesdale and Yorkshire Banks’ Annual Housebuyers Research aimed to move to a new home within the next 12 months, however this has now doubled to 14%.
Jan 2014 | Jan 2013 | |
---|---|---|
Simply stay in current home | 58% | 62% |
Improve or extend | 22% | 22% |
Sell current home and move to a new home | 14% | 7% |
The largest percentage of those planning to move are in the London area where 18% intend to buy a new home in 2014, closely followed by 17% in both Wales and the Midlands. In contrast only 11% of those surveyed in both Scotland and in the North West have included moving house in their plans for the New Year.
Simply stay in current home | Improve or extend | Sell current home and move to a new home | |
---|---|---|---|
East | 61% | 23% | 12% |
London | 50% | 25% | 18% |
Midlands | 56% | 23% | 17% |
North East | 57% | 26% | 16% |
North West | 59% | 23% | 11% |
Scotland | 60% | 24% | 11% |
South East | 61% | 18% | 13% |
South West | 64% | 22% | 12% |
Wales | 57% | 22% | 17% |
Yorkshire | 59% |
19% | 15% |
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