Romal Capital: A third of households planning to move

Posted on Friday, April 16, 2021

Almost a third of households are planning to move home following the pandemic, according to a survey by Romal Capital.

The lender found that 31% of respondents plan to move as a result of their experiences in lockdown.

This compares to around 5% of households who typically move in any given year.

The trend towards remote working and a desire to improve living standards were two of the main reasons cited by respondents.

Those aged 25-34 were more likely to be planning a move than those aged over 60.

Good road networks and transport links were two of the most important features listed that home movers said they would be looking for, as well as the potential for capital growth, access to a nearby hospital, a sense of community and proximity to water.

Romal Capital chief executive Greg Malouf says: “We’re seeing a paradigm shift in how this country wants to live and work.

“Hybrid working options and lifestyle changes are two key elements driving this change in behaviour.

“Moreover, the temporary stamp duty holiday and the desire to cash-in on significant property price increases in 2021 have also empowered decision making.

“In fact, in the same period a 16% property price-hike in Liverpool alone, underlines this very bullish market.

“The current UK housing market simply does not match this new reality, and with these changing demands, there needs to be a country-wide rethink on meeting housing needs.”


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