Why do property buyers and sellers choose to relocate?

People choose to up sticks and move home on a regular basis, with the Government reporting that in 2015 alone, over 1.2m UK property transactions were processed.

That is a lot of buying and selling, but what are the most common reasons for relocating?

According to a survey by property portal The House Shop, some reasons are more popular than others.

Unsurprisingly, when respondents were asked why they had relocated – whether that be short or long-distance – a quarter of those revealed that obtaining a new job triggered the move.

A new job will often mean a new home – especially for those who have chosen a position a fair commute from their current location.

However, it isn’t just the prospect of a new job which can lead to people to relocate. According to the survey – although Valentine's Day is now behind us – love is most definitely in the air. The House Shop revealed that 20% of movers relocated to a different area to be with a partner.

It’s also interesting to note that women were more likely to relocate for love than men – with 22% of females surveyed saying they would move to a different area to be with a partner compared to 16% of men.

Moving to be better off financially is another popular motivation to sell up and relocate –and is often a key reason why London residents move to the Essex and Kent locations in which we operate, as house prices are lower and buyers can get more for their money.

Other top reasons which caused people to relocate were being closer to loved ones and being closer to a certain primary or secondary school.

This is something which a seller should take full advantage of. If you’re selling up and you live near an in-demand school, buyers will want to know about it, and this factor will most certainly increase your property’s appeal.

Just as the first steps on the road to love could lead to relocation, the survey also revealed that equally, the break-up of a relationship can lead to the need to move homes and change locations.

Here at Balgores Property Group, buyers from outside Essex and Kent are often getting in touch with us to hear about our latest properties for sale.

If you’re considering selling property in these areas, why not enlist the services of Balgores Property Group? Contact us and we’ll ensure you plenty of buyers are given the opportunity to purchase your home.

Alternatively, if you’re thinking of putting your home on the market and would like to know how much it could be worth, try our free online property valuation today.

http://www.balgoresproperty.co.uk/News/14640/Why-do-property-buyers-and-sellers-choose-to-reloc.aspx