A study by Clydesdale & Yorkshire Banks reported 30% of people in the UK are planning to move home in the next 12 months which is more than three times the level at the peak of the recession. It also represents the biggest rise since October 2008.

Homeowners in the South East appear to be more optimistic than other parts of the country, with 40% indicating a desire to move home. This compares to 22% of those surveyed in Scotland.

As double-glazing and conservatories specialists based in the Billericay area, we believe many people are contemplating the idea of releasing equity in their home and downsizing to have more money in the bank, especially in the current economic climate. This is especially true of people as they reach retirement age.

In our experience, properties which need considerable renovations including new windows and doors or conservatories added to make more space, are also highly favourable at the moment as they enable people to purchase their dream home much cheaper if they are willing to put in the extra work themselves.

This research found many of those planning to move home are doing so out of necessity with more than a third citing a change in circumstances. A total of 27% said the allure of a dream home bargain would spur them to move while a further 14% are relocating and 10% are expanding their family.

Steve Reid, Retail Director for Clydesdale Bank, said: “It is greatly encouraging for the property market that more people are clearly keen to move but, of course, there is still natural caution in the market.

“It’s understandable that many people will have put off moving in the last couple of years so the potential demand is there – but the conditions will have to be right for the individual housebuyer to see that demand translate into a move.”

He added: “Changing circumstance and the chance to land a dream house are clearly in the sights of a growing number of potential housebuyers but the price of a new property will have to be right.”

To read the full story about the research, click here.