I was surprised to read research that showed 34% of UK house buyers have searched again for a home within a year of moving in, with 7% doing so in the first month.

The study was carried out by leading windows furnishing company Thomas Sanderson who asked nearly 2,500 homeowners. Each had moved into their home within the last five years and had lived there for at least two years.

Just one in six of the respondents (16%) said they were completely happy in their new home with 30% saying they were moderately happy. 20% claimed they were moderately unhappy and 13% said they were very unhappy.

When asked if they had looked for a new property, either online or in person, within a year of moving into their new home, 34% admitted they had. The top five reasons respondents gave were:

1. They wanted to know what else they could have bought for the price – 22%
2. They regretted buying their home – 20%
3. They wanted to relocate – 18%
4. They felt they had made a mistake – 15%
5. They felt they could no longer afford the property – 14%

19% of respondents said they were actually looking to buy another property, rather than just looking, within a year of their purchase of a new home.

The lesson seems to be if you are considering buying a new home take your time and don’t rush into it.

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Covid -19 Lockdown Update

We hope you are all staying well and safe in these very confusing times.

We are very pleased to say that with the impending second lockdown restrictions we are able to stay open and can fully function.  It just goes to show how important to the Government and the economy the residential property market is.

It is not yet confirmed as to whether our branches will be open to the public, but we can be contacted by telephone or email. 

In Summary this means

  • Buyers, sellers and tenants will continue to be able to move.
  • Removal firms, although busy are able to operate.
  • We can arrange valuations and do viewings on properties (subject to strict PPE being in place)
  • Surveyors and valuers for mortgage purposes will continue to work.

In the meantime, we will continue to follow the covid-19 safety guidelines:

  • Face coverings to be worn on all viewings.
  • Hand sanistiser to be used before entering a property.
  • Avoid touching any surfaces.
  • Viewing time is limited to 15 minutes inside the property.
  • No more than two households inside the property at any one time. This includes the agent accompanying.
  • No children permitted at viewings unless they are young enough to be carried. (Children are likely to touch surfaces).

This is good news for the property market and we will keep you updated as soon as there are any further developments.