At Frank Schippers, we know a lot of households are looking to move home. In the industry, there is often a focus on first-time buyers, and providing these buyers with assistance. However, people of all ages are looking to move, and we appreciate mature buyers require as much help as anyone else.
Downsizing has become a hot topic for many reasons in recent times. According to a study by a leading insurance company, 12% of people aged 50 or older in the UK plan to relocate.
Areas listed as “retirement migration hotspots” by the Office for National Statistics include:
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Dorset
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Shropshire
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Wiltshire
We believe that Crowthorne has a lot to offer, and we have seen many people looking for homes in the local area.
Cities where the largest number of exits include:
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London
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Birmingham
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Bristol
With remote working a viable option for so many people right now, it is easy to see why households are exiting large cities, setting up in new places. If you are interested in moving to Crowthorne, or you have property for sale in the area which would appeal to buyers, please get in touch.
New study indicates good reasons for people to move
A recent study by Legal & General finds that over-50s have been influenced by the lockdown. People in this age group are now planning house moves, with the following reasons being important:
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Wanting to live somewhere that provides a better quality of life, cited by 7% of respondents
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A desire to live closer to family and friends was said by 4% of respondents
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Looking to live abroad was stated by 3% of respondents
Don’t rush into a move
While you might be keen to move as soon as possible, it is best for you to fully consider your options before making a major move.
Things to consider before location:
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The equity on your current home, and how it can be best used
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How future proof will your new home be?
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How will your living costs be affected by a move?
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Will it be easy to maintain (or improve) your current lifestyle when you move?
Claire Singleton, CEO, Legal & General Home Finance, comments: “Relocating in retirement was already a well-observed trend, with older people reprioritising their needs as they enter the next stage of their life. As with many aspects of our lives, the challenges of the pandemic seem to have led many people to take stock of their current living situation. There can be many benefits to relocation, whether it is a better quality of life, more space or even the opportunity to be closer to loved ones. One thing that is clear is that many people will also see their decision informed by how their property wealth factors into their long-term financial planning.”
If you have any housing market questions or queries, please feel free to contact us. If you plan on selling your home, we recommend arranging a property valuation to ensure you make an informed decision. At Frank Schippers, we are here to support you in this trying time, and you can call us on 01344 777 888.
