Majority of homeowners say cost-of-living crisis has impacted their moving plans

79% of homeowners say that the cost-of-living crisis has caused a shift in priorities when it comes to selling their home and buying another, with just 24% more likely to list their home and buy another in 2023 and 55% preferring to list their home for sale in the Spring, according to Purplebricks.

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Property Reporter
14th December 2022
Tenants Gutted 211

Changing priorities for homeowners included spending less on a new property than planned (18%) and selecting a new property which is more of a project than they’d normally choose (6%).

Just under half of homeowners (49%) said that they were planning to stay put because of the cost of moving – but with them believing it could cost an average of £6,592 to sell their home with a conventional high-street estate agent, selling with Purplebricks could make a new home seem more affordable.

Tom Greenacre, Managing Director of Purplebricks, said: “It’s understandable that people are nervous about the cost of selling their home and moving house given the cost-of-living crisis – but they don’t have to be. Buying a new home in a cheaper area or downsizing where children may have left home, for example, might leave you better off. And listing now, or very early in the New Year, could mean that you beat the crowd.

“We charge simple fixed fees from just £1,199, which means that it’s easier to budget the cost from the start – and cheaper than selling with a conventional high-street estate agent. We’ve got local property partners ready to help you, so you won’t be alone. So, if you’re keen to move but worried about the cost – and want to beat the springtime rush – get in touch with us today.”

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