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.
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