Knight Frank: One in four people are looking to move house in next 12 months
PETALING JAYA (Sept 9): According to Knight Frank, one in four people are looking to move house in the next 12 months. It said this based on findings from its latest Global Buyer Survey released today, which analyses the impact Covid-19 has had on 900 clients of the firm across 49 markets.
“Globally, 19% of the respondents have moved house since the start of the pandemic, of which 25% are in Australasia and North America. Of the non-movers, 20% are more inclined to move in 2021 as the pandemic continues,” said the property consultancy in a statement.
It added that the findings coincide with its Prime Global Forecast, which highlights that global house prices are on average likely to increase by 4% in 2021 and over two-thirds of people expect the value of their current home to increase in the next year with most expecting a rise of between 1% and 9% over the