Have you ever wondered why people move house? The good people at dataloft have put together this fantastic graphic which shows exactly what motivates people to move. Below are some of the key findings:
- There are 14.4 million households across England who own their own home, either outright or with a mortgage. This is 63% of all households.
- Of these, the latest results from the Survey of English Housing estimate that 576,000 (4%) are planning to move within the next six months.
- Moving up the ladder to a larger home is the primary motivation for existing owners, although not for those who own their home outright. Almost a third of those who own outright are looking to downsize.
- As the new school year gets underway shortly, moving home to be in particular school catchment areas is a motivation for almost 10% of owners with a mortgage.