Fifth of buyers thwarted from moving

A fifth of would-be homemovers whose plans to buy were thwarted last year. Some 20% of people surveyed for Aviva said they planned to buy a home in 2020 but had to put their dream on hold due to job fears, redundancy, furloughs and house sales falling through. First-time buyers were the most commonly hit, with seven in 10 rethinking their property-buying plans during 2020. By contrast, 4% of people who had no plans to buy a home at the start of 2020 ended up doing so, with reasons including needing a more affordable property, changing jobs, and relationship breakdown.

Daily Express (12/01/2021)