Williams Estate Agents have put together some interesting snippets from some trusted industry sources. Interesting stuff!
The cost of moving home in 2024 was £13,978 for someone buying and selling at the same time, including conveyancing, a survey, estate agent fees, an EPC, Stamp Duty and removals. First Time Buyers meanwhile paid £2,186 in upfront costs to buy their first home.
Did You Know: Keen to reduce their outgoings and free up equity to finance retirement and help children and grandchildren, downsizers accounted for 26% of all home mover activity during 2024. They released £134,000 of equity on average across the UK. Downsizers were most active in the South West, accounting for 33% of all home moves in the region.
Did you know: Despite the significant affordability challenges they face, first-time buyers accounted for 59% of all home movers this year, up from 54% in 2023. They paid £279,792 on average for their first home, with 11.5% choosing a new build and 7.9% using a Shared Ownership scheme – down from 8.7% in 2023.
Did you know: The busiest day of the year to move home was the last Friday in May, the 31st, when more than 20,000 home moves took place in the UK compared to an average of 5,000 a day normally.