Home moves to double in 2014, says Clydesdale

7 January 2014

The number of people planning to move home this year has doubled to 14%, compared to 2013, indicating that confidence is returning to the property market.

The figures from Clydesdale and Yorkshire Banks also reveal London has the most people who will be looking for a new home in the New Year, with 18% of people wanting to move. While in Wales and the Midlands, 17% of people will soon be house hunting.

However, people in Scotland and the North West are most likely to stay put in 2014, with only 11% of people looking for to up sticks.

The banks' research also found that nearly half (48%) of those planning to move believe house prices will rise in 2014, while only 3% expect them to fall.

Andrew Pearce, retail director for Clydesdale and Yorkshire Banks, said: "A New Year is traditionally a time for planning and looking ahead and our survey has shown that moving home is again becoming a priority for many people.

"Our Annual Housebuyers Research has also highlighted that this is coupled with sustained confidence in property prices with almost half of those surveyed anticipating that the value of their home is set to increase."

In more good news for would-be homebuyers, 4,300 new affordable homes for rent will be built across England and Wales following a new injection of funding.

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The European Investment Bank has made available £500 million as part of the Affordable Housing Guarantees programme, which allows housing associations to gain private investment through a government guarantee.

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