Estate agents could see an increase in buyers and sellers looking to move over the next 12 months, despite ongoing market uncertainty. A Savills survey of approximately 1,100 prospective buyers and sellers recorded a net balance of +24% planning to move within the coming year.
This marks a significant shift from the same period last year, when 23% more respondents intended to stay put. Lifestyle and life-stage changes are suggested as factors supporting this activity. However, several concerns continue to deter prospective movers.
Domestic political change was the primary concern for 31% of respondents, while 17% cited a lack of suitable stock. Additionally, 15% pointed to potential future tax changes. London showed the highest moving intentions, with a net balance of +31%, compared to +24% across other regions.
Frances McDonald, director of research at Savills, noted a strong underlying demand, particularly from needs-based buyers. She added that increased mortgage costs have led some households to consider their options more carefully, and the prospect of future policy changes is holding back movers in higher price bands.
For estate agents, the research highlights the importance of securing appropriate instructions. Despite relatively high stock levels, 17% identified a lack of suitable homes as a reason for delaying a move. More than a third, 34%, stated that greater choice in their preferred location would make them more likely to move.