Nearly half of homeowners are inspired to buy a new property to gain extra space, while almost a quarter are driven to escape their neighbours, according to a national poll we conducted.
We questioned an equal mix of 4,000 homeowners and first-time buyers in the UK to find out what motivated them to purchase property and how they made their choice.
Among the 2,000 home-owning respondents, nearly half (47.9%) said they wanted to relocate to gain a bigger house and more space. The next popular reason was a dislike of their neighbours (23.5%).
Nearly one-fifth (19.9%) of homeowners identified being closer to work or school as a reason to up-sticks. As the market speeds up, 17.1% wanted to secure a new home before prices rose.
When it came to the most important aspect of choosing a property for first-time buyers, location was the number one of more than two-fifths (42.5%). Location was also the most common top priority for UK homeowners too (45.8%).
Andrew Richards, Linden Homes Group managing director, said: “We knew location would be a major home-buying consideration, but we didn’t expect neighbour relations to be such a motivator to move.
“It does reinforce for us the importance of our philosophy of not just building homes, but creating communities where people want to live.”
The benefits of buying new make the choice easy. Here are just a few: