Cautious Homeowners Staying Put Due to Uncertain Market

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reallymoving.com release new Migration Monitor report that shows homeowners are putting off house moves amidst concerns the house market has not sufficiently stabilised.

reallymoving.com

Many homeowners and renters have chosen to hold back from moving home

reallymoving.com’s quarterly portrait of UK moving trends reveals economic instability and an uncertain housing market are causing homeowners to delay house moves. reallymoving.com, one of the UK’s leading providers of quotes for moving services, released their Migration Monitor for Q3 2010 last week.

Rosemary Rogers, Director at reallymoving.com:

“The news agenda throughout the third quarter was dominated by the impending Spending Review. According to reallymoving.com research, activity was down 2.6% compared to the already low levels recorded in the period April-June.

“With the government warning the country of dramatic cuts, contradictory signals from property indices and mortgage lenders continuing to be highly selective, many homeowners and renters have chosen to hold back from moving home. We expect this trend to continue over the coming months as consumers remain cautious over the impact of the spending review.”

The report also revealed that London areas are falling out of favour: four out of the top five least popular postcodes were all situated around the London area and include Romford, Ilford and Twickenham

The South West continues to climb in popularity with Taunton, Hereford and Dorchester all featuring in the top five postcodes.

However, the lack of clear moving trends is indicative of an uncertain market.

reallymoving.com was launched in November 1999, and has become the UK's leading provider of free instant online moving house quotes. The site provides instant quotes for a variety of services including removals quotes and services from conveyancing solicitors. A wealth of impartial moving advice is also provided including a moving house checklist. More information can be found at http://www.reallymoving.com.

For more information please contact Suman Hughes at the Wriglesworth Consultancy on 020 7427 1400 or email s(dot)hughes(at)wriglesworth(dot)com.

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Fiona Brandhorst
The Wriglesworth Consultancy
020 7427 1400
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