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Report Reveals Most In-Demand Property Features And Locations

House on hill shutterstock_642382696
  • A new report by Royal London has revealed the most desirable property features home buyers are looking for, as well as the property features that made lockdown harder
  • 38% of home movers stated that the COVID-19 pandemic convinced them to move home
  • Space for pets, natural lighting and parking were all revealed as important requirements for future homes, according to current UK home movers

The Covid-19 restrictions and lockdown measures have seen millions of UK households set up remote offices in their homes.

With so much time being spent indoors, it was inevitable that there would be a change in what people want and require from their home.

A new report by Royal London has surveyed current and pending home movers to reveal the property features that made the lockdown harder, the new property features they desire, and the areas of the UK they’re looking to move to, whether these be more rural or urban.

The property features that have made lockdown harder

Spending so much time indoors is challenging for anyone. However, according to new research by Royal London, the top features that made lockdown harder, according to home movers were small garden/outdoor area (33%), lack of indoor space (27%) and no outdoor space (24%).

The full list can be seen in the table below:

Feature 

% of respondents

Small garden space/outdoor area

33%

Lack of indoor space

27%

No outdoor space

24%

Lack of workspace

21%

Lack of parking

17%

The location has poor quality internet

16%

Lack of natural lighting

16%

The property features home movers now desire

It would appear that lockdown has changed much more than how our homes and gardens are laid out.

Since the lockdown in March, there have been 90,000 Google searches every month for ‘dogs for sale’ 1– so, it is no surprise that 28% of house movers are now looking for extra space for pets. Additionally, we can also see that house movers are beginning to look for properties in a location with home offices, and high-speed internet, as well as those with more  open floor plans and more parking.

The most sought after features for house movers and flat movers are:

Feature 

% of respondents moving into a house/bungalow

% of respondents moving into a flat

More indoor space

51%

39%

More outdoor space

46%

30% (balcony area)

More natural lighting

34%

30%

Space for pets

28%

13%

More open floor plans

27%

25%

Home office

27%

21%

The property to be in an area where high-speed internet is available

25%

33%

More parking

24%

21%

Fewer open floor plans

23%

23%

The areas of the UK more people are moving into – urban or rural?

One in six (17%) people actively moving, or looking to move, to a new house in the UK said that the Covid-19 pandemic has changed where they want to live.

Many are packing up their bags for the country as they look to move to a more rural area. However, some people, particularly those living in the London area are looking to move closer to a city.

The report reveals the areas UK home hunters are looking to move closer to.

Area

Looking to move closer to a city

Looking to move into a more rural area

Looking to move to a village location

Looking to move a town location

Belfast

7%

57%

14%

14%

Cardiff

5%

53%

21%

3%

London

27%

46%

25%

12%

Manchester

14%

45%

16%

1%

Liverpool

10%

42%

15%

10%

Leeds

12%

40%

28%

3%

Nottingham

3%

38%

27%

3%

Southampton

11%

37%

24%

11%

Norwich

12%

36%

15%

18%

Bristol

17%

35%

9%

9%

Birmingham

13%

33%

9%

6%

Edinburgh

4%

29%

8%

4%

Glasgow

9%

26%

22%

9%

Sheffield

13%

26%

26%

9%

Newcastle

8%

25%

8%

11%

Commenting on the findings Mona Patel, consumer spokesperson at Royal London said:

The restrictions and lockdown measures have seen millions of households in the UK set up remote offices from their kitchens, bedrooms, living rooms and dining rooms. With so much time being spent indoors, it was inevitable that people would start thinking about their home environment.

“Unsurprisingly, space is the most desirable feature for home movers who want more room both indoors and outdoors. While cities have always been popular home buying locations, the pandemic has seen a shift in attitude as our research shows that there is a greater demand for rural locations.”

Full information can be seen at https://www.royallondon.com/articles-guides/life-insurance/what-home-buyers-want/  

Source : Royal London

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23 March 2021

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