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TODAY'S OTHER NEWS

The Whole Nine Miles - the distance of a typical house move in 2019

The typical house move in 2019 turned out to be just nine miles - and large numbers of buyers moved within a mere five miles of their previous home.

The data has come from home move comparison site reallymoving.

It says the median distance for a house move last year was ninemiles with 40 per cent of buyers shifting under five miles away; typically, they paid £420 for their removal services.

Reallymoving has also analysed other data from the past year, including the busiest day for house moves - Friday August 30, followed by Friday June 28 and Friday September 27. Friday was the most popular day to move throughout the year and movers tended to favour the last week of the month.

Those buying and selling a home typically paid £1,154 for conveyancing, excluding disbursements and expenses such as Land Registry fees. First time buyers meanwhile paid £677 on average.

Other data produced by the website when reviewing 2019 revealed that London received the highest volume of home movers - 12.1 per cent - followed by Birmingham on 3.2 per cent and then Manchester (2.2 per cent).

First time buyers were apparently the driving force in the property market in 2019, accounting for 55.7 per cent of all home purchases throughout the year; over a fifth used a government scheme to help them buy their first home, such as Shared Ownership (14.6 per cent) and Help to Buy (7.3 per cent).

The first timers’ average deposit was £28,800 - some 16 per cent of their average purchase price of £180,000 - while those buying and selling at the same time sold their homes for an average price of £237,000 and bought for an average price of £292,500.

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    WOW, zzzzzzzzzzzzz most buyers move locally, always have done and always will.
    Estate Agency is a local business, ask anyone of them with a few years experience.

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