Detached houses are proving the most popular type of property among people moving homes,
According to the latest figures from the Halifax Home Mover Review 2023, over the last 12 months detached sales accounted for 32% of sales, as buyers sought out more space, peace, and privacy.
This is a significant increase on 10 years ago, rising from 25%.
Detached homes are the most popular choice for movers in the East Midlands (45%), Northern Ireland (42%) and six further regions. The greatest rise in popularity amongst buyers was in Northern Ireland, where they were up 13 percentage points, to 42% of sales.
While the South East, home for many leaving the capital for more space for their money, saw a rise to 35% from 24%.
Terraced homes see the biggest decline – down 5 percentage points since 2013.
The average house price paid by those moving home is £428,647 – up 10% from last year and more than double the average price in 2013.
The average home mover is now younger, at 39.
Commenting on the latest numbers Halifax mortgages director Kim Kinnaird says:
“With many businesses continuing to embrace hybrid working, we’ve seen people take the opportunity to find homes that better suit their lifestyles in locations that might not have been practical with a daily commute to consider.”
