The race for space: why homemovers are looking for larger properties

The majority of homemovers are looking for more space in their homes. But why do Brits need more space and what are the top property features that would convince them to move?

The COVID-19 pandemic has caused many people to spend more time in their homes than ever before. This has led to a race for space as more homebuyers and tenants alike look for properties that better suit their changed lifestyles.

ConservatoryLand conducted a survey of 2,000 Brits to discover why more space is needed in homes. The bespoke conservatory specialists also found out how much homemovers would be willing to spend to increase their space and what factors would influence them to move to a larger property.

A whopping 50% of Brits surveyed stated they would move to a larger home if given the opportunity. On average, they would be willing to spend £10,000 to increase the size of their property.

On the other hand, less than 30% said they wouldn’t move to a bigger property, while even 10% stated they would downsize if given the chance. This shows that not everyone is looking for a larger property.

Why Brits need more space

This new survey revealed that limited storage was the top reason why Brits need more space in their homes with 20% of consumers picking this as their main reason. Clutter could be a problem especially for those who are continuing to work from home.

Lack of garden space came in second with 17% of respondents choosing it as the top reason they need more space. For many, access to garden or outdoor space became more important during the successive lockdowns of the past 18 months.

Additionally, a common theme of wanting more space comes in the form of hosting guests. Not having a spare room for guests came in third and hosting family and friends in fourth.

And unsurprisingly, a bigger office for working from home came in fifth. The portion of people working from home more than doubled in 2020, according to figures from the Office for National Statistics. And remote working, particularly hybrid working with a mix of working from home and time in the office, could remain in place for many professionals.

Stand-out features that would convince Brits to move

Interestingly, some of even the smallest of property features can persuade homemovers to move house. In the survey, ConservatoryLand asked what the most stand-out feature would be if they could be convinced to move.

An en-suite bathroom was the most popular reason for being persuaded to move with more than 19% of the vote. A spare bedroom for guests was second with 17%. As a year of lockdowns showed how fortunate residents are for having a garden, conservatories and garden space also ranked highly in the survey results, coming in third and fourth.

A garage, kitchen island, driveway and office are the next top features that would convince Brits to move. And then the more luxury features, including a swimming pool and home gym, rounded out the top 10.

Buying and rental trends have been changing since the wake of COVID-19. This survey further shows how the pandemic has impacted homemovers and what they are currently looking for in their properties.

Self-certified Sophisticated Investor

Please read

I declare that I am a self-certified sophisticated investor for the purposes of the restriction on promotion of non-mainstream pooled investments. I understand that this means:

I am a self-certified sophisticated investor because at least one of the following applies:

I accept that the investments to which the promotions will relate may expose me to a significant risk of losing all of the money or other property invested. I am aware that it is open to me seek advice from someone who specialises in advising on non-mainstream pooled investments.

High Net Worth Investor

Please read

I make this statement so that I can receive promotional communications which are exempt from the restriction on promotion of non-mainstream pooled investments. The exemption relates to certified high net worth investors and I declare that I qualify as such because at least one of the following applies to me:

aerial-view-uk-houses

緊貼市場趨勢

立即登記搶先獲得最新項目及獨家物業投資機會。

我們會定期發送電子通訊,介紹最適合您的全新發布項目及獨家優惠。 我們受到超過 30,000 名活躍買家的信任,不斷更新最新英國物業市場資訊。

  • 最新發展項目及獨家優惠
  • 樓市走勢專業分析
  • 物業市場成交數據
  • 項目建築進度定期更新
UK holiday let

最新最快英國樓市新聞。

追蹤我們最新樓市觀點,爲您提供前瞻性的建議和分析。

自 2005 年成立以來,我們是英國地產市場權威,提供前瞻性的建議和分析。我們的英國物業資訊獲得 Apple News 及 Google News 授權發佈。

  • 英國樓市趨勢
  • 按揭申請攻略
  • 業主放租須知
  • 物業指南及投資建議

請即聯絡

立即聯絡我們英國物業專家查詢更多:

 

+852 6699 9008

辦公時間 9am-6pm