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Make the move

1 in 16 homes, the equivalent of 1.5 million households will be spending Christmas 2021 in a new home. 2021 has been the busiest year for the property market since 2007, it is estimated that 1 in every 16 privately-owned homes has changed hands this year.

Many people move more often than they expect to. This is a key finding of the 2021 Home Moving Trends Survey, conducted by the Property Academy and analysed by Dataloft.

While just 13% of home movers expect to move within the next 5 years, the reality is that 28% are likely to.

Equally, while a significant proportion (36%) anticipate their new property will be their ‘forever’ home, the reality is that just 1 in 4 will stay for over 20 years.

The survey, answered by over 14,000 home movers nationwide, found that the pandemic could be considered a trigger for more than 40% of recent home moves.

Over 85% of all property sales recorded to date by the Land Registry in 2021 have been houses, the highest proportion since 1996. Undoubtedly a result of the ‘search for space’ which has epitomized the property market this year.

Source: Dataloft, Property Academy 2021, Land Registry, sales by property type