More than a quarter of adults in the UK are planning to move in to a new property in the coming year, with those in London most keen to move
A quarter of adults in the UK hope to move in to a new property in 2014 as the recovering economy enhances their ambitions, according to an Ocean Finance study.
The research suggests that 26.1% of adults want to either rent or buy a new property this year, while this figure rises to 46.6% of 18-24 year olds.
Many of this age group will be students or will have recently graduated, making property for them a particularly strong investment interest.
More than a third of 25 to 34-year-olds are planning on a move in the next 12 months, while little over 10% of those aged 55 or older were considering doing something similar.
Londoners seem the most keen to move as 40.1% intend to rent or buy in the next year, despite the capital being home to higher prices than the rest of the country.
“Whether they plan to rent or buy, our research shows a quarter of people plan to move house this year,” said Ian Williams of Ocean Finance.
“Whether or not they actually succeed in doing so, the figures show that demand for property is likely to remain strong.”