Those who don’t sell home fast are facing house moving costs 69% higher than in the 1990’s

 

Recent statistics available from Lloyds TSB show that the average cost of homeowners moving to a new property currently stands at £8,922 which is a staggering 69 percent higher than homeowner’s moving costs merely a decade ago.

In fact homeowners, unable to sell home fast are facing costly moving fees which have risen at a quicker rate than house prices in the last 10 years.

The largest bill in moving costs are estate agents’  fees which have always remained the most expensive single component equating to 38 percent  of the total cost with stamp duty equating to 21 percent of the total bill.

 

February 6, 2012 at 5:42 pm | Debt, Inherited Property, Quick House Sale, Sell My House Fast, Stop Repossession |
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To those who choose not to sell home quick in certain areas of UK are facing house moving costs 132% higher than 10 years ago

 

The real cost to homeowners moving house within the SE of the country has risen by 132 percent within the past decade. For homeowners unable to find another method to sell home quick the cost to move house in London alone rose to 127 percent in 2011 whilst Northern Ireland saw a 24 percent rise.

Housing economist Suren Thiru, for Lloyds TSB, commented: “With the costs associated with completing a home move in the UK rising substantially over the past decade, the task for those looking to move home has undoubtedly become more challenging. The significant rise in home moving costs is particularly concerning at a time when demand in the UK housing market is weak.”

 

February 6, 2012 at 5:41 pm | Debt, Inherited Property, Quick House Sale, Sell House Quickly, Sell My House Fast, Stop Repossession |
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August 26, 2009 at 1:50 pm | Stop Repossession |
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