Our doors may be closed, but we’re still here for you. In line with government advice on the outbreak of Coronavirus (COVID-19), all our Martin & Co branches will be temporarily closed until further notice. The health and safety of our staff and customers is, of course, our number one priority. But while we might not be able to see you, we are still here if you need us. The Martin & Co teams are all working remotely, ensuring we can provide continuous support for all our customers. Please email your nearest branch directly through the website and, most importantly, stay safe and healthy during these difficult times

Fewer moving in the next year claims survey

Fewer moving in the next year claims survey

If it’s true, this could be depressing for agents and the housing market alike - fewer people are planning to move home in the next 12 months, according to research released by Clydesdale and Yorkshire Banks. 

Only 12 per cent of those surveyed in the banks’ research are planning to collect the keys to a new property in the next year. That’s a drop from 14 per cent at the start of 2015 and from 17 in summer 2014.

A further 44 per cent of those surveyed plan to stay in their current home and leave it unchanged while 22 per cent said they are intending to improve or extend their property.

Londoners are the most focused on moving home with 19 per cent hoping to make a transaction - by contrast only five per cent in the East of England say they will move. 

“In some areas this is resulting in pent-up demand which is pushing up property prices which is clearly welcomed by sellers. However, for some people it is a deterrent as they are concerned about being able to find their dream property due to the limited selection of homes on the market” says a spokesman for the banks.

Article courtesy of Estate Agent Today | Sign up for Estate Agent Today newsletter | Get this news on YOUR site!