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One in four intend to move home next year

One in four people are looking to move house in the next 12 months, with more than half expecting the value of their property to rise, according to the Yorkshire Bank.

Yorkshire&#39s housebuyers&#39 survey covered more than 2,000 adults across the country and will be conducted every quarter to monitor attitudes in the property market.

It believes the research shows optimism for the property market, with 53 per cent of respondents believing their house price will rise this year.

Better job security would make people more likely to move. But the key reasons for buying or selling are

centred on having a family, getting married, moving in together or getting divorced. One in five people are looking to buy an investment property or second home in the next year.

London, the South-west, Yorkshire and Humberside have the highest numbers looking to sell or buy a property while the East Midlands and East Anglia have the fewest.

Flexible mortgages are the most popular, with 11 per cent choosing them above other types. Awareness of current account mortgages was greatest among the 35 to 54 age group with younger housebuyers choosing a long-term fixed rate.

Twenty-two per cent of 18 to 24-year-olds are set to buy a property this year and 16 per cent of 25 to 34-year-olds are also looking to move.

Yorkshire Bank general manager of personal finance Paul Fegan says: “From the research, we can expect the buoyancy we have experienced in the property market to continue.

“We have been encouraged by the high number of first-time buyers aged 18 to 24 set to step on the property ladder.”

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Kean Seager

Lives: Bristol with wife Janet and four childrenBorn: Lowestoft, Suffolk, 1951Education: Lowestoft Grammar then Kingston Polytechnic, BSc Honours degree in EconomicsCareer: 1973 to 1975: junior analyst with merchant bank Guinness Mahon, 1975 to 1976: analyst with stockbroker Messell & Co, 1976 to 1979: fund manager ICI Pensions, 1979 to 1982: manager of investment department RoyalWest […]

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