More than half of prospective homeowners have changed their priorities since the beginning of the coronavirus lockdown.
Following a survey of over 2,000 buyers and renters, it has been revealed 86% of those surveyed who intended to move before the crisis still expect to do so according to Annabel Dixon at Zoopla. In addition, 94% of first-time buyers across the UK remain keen to move property in the next 12 months. Whilst lockdown may have been a deterrent to move for most, 13% of first-time buyers surveyed said that it had actually accelerated their plans.
For those concerned about the impact coronavirus would have on the property market, 31% of those surveyed were aware that house prices may fall. Of all age groups, Dixon describes that young buyers and renters expected to be most impacted by economic uncertainty.
A home office has become a priority for househunters since lockdown, as 22% of those surveyed believe that having an office area has become more important. Over a third (34%) of buyers and renters anticipate working from home more often, with 85% expecting to spend the same or fewer hours working.
Tom Parker, consumer spokesperson at Zoopla, said: “After an extensive lockdown, Brits have become accustomed to spending more time at home, as well as making the most of the outdoor space on their doorstep, which has seen many reassess their home hunting priorities.
“Many of us are now looking at going into the office less often, and socialising more with friends and family at home, instead of heading to pubs and restaurants.
“Meanwhile, spending time in the garden at the weekend looks like the more appealing option for those keen to avoid public spaces like shopping centres and cinemas. This should lead to a positive resetting of the work-life balance of many and, from a buyer perspective, place a new focus on finding a home to accommodate these lifestyle changes.”