Research has highlighted that buyers of new build properties are prepared to move 56% further than those purchasing homes that are not brand new.
The research also reveals variations from a regional and age-specific perspective. Older buyers tend to move further overall, likely influenced by retirees moving away to begin a new phase in their lives. New build homes in the London boroughs of Brent and Newham, for example, stand out for attracting buyers up to 3.5 times further, perhaps because these areas have undergone transformative regeneration.
Interestingly, it seems that new builds are a more attractive proposition for buyers across the UK, drawing households an average of five miles from their previous home, against 3.2 miles for households moving into a property which is not new.
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