20 October 2021
The average cost of moving home has increased by 12% over the past year from £671 to £748, not including stamp duty, estate agency or legal fees, according to research by MoneySuperMarket.
As people move house on average 5.5 times during their lifetime, this equates to a total of £4,116 – up from last year when the total lifetime cost was £3,688.
The moving costs covered by the figures include removals, storage and cleaning.
A survey reveals that the most common additional costs when moving home are buying new furniture for 55% of respondents and buying other household items such as bedding or kitchen utensils for 53%.
Nearly a quarter of people have paid someone with a van to help them move.
The biggest motivator for moving cited in 2021 was the desire to move in with a partner for 29%; to get onto the housing ladder for 28%; and to get more space for 27%.
Read more here: https://www.mortgagefinancegazette.com/market-news/cost-moving-home-12-says-moneysupermarket-20-10-2021/
