Posted on Wednesday, May 4, 2022
- More than 1 in 3 are in the process of, or are considering moving home, according to a survey of 3,000 respondents conducted by Nationwide in April.
- Housing market activity remains buoyant, despite increasing pressure on household budgets which is impacting consumer confidence.
- A desire for space continues to motivate many. 1 in 4 of those moving or considering a move stated this was to go to a larger property, although 38% of those aged 55+ were seeking to downsize.
- Asking prices remain at record highs; UK annual price growth is in double digits and monthly price growth is also positive, according to many of the national indices (Rightmove, Nationwide, Halifax, UK HPI).
