Quickmove Properties - Downsizers Survey

Quickmove Properties - Downsizers Survey : Data Tables


1	Data Tables
2	Survey of 6,889 UK home sellers carried out by ProperPR on behalf of Quickmove Properties via consumer research platform Find Out Now (11th August 2023).
3
4	Thinking about your last property purchase, did you downsize from a larger home to a smaller home?
5	Answer	Respondents
6	Yes	33%
7	No, I remained in a similar sized property	17%
8	No, I purchased a larger home	50%
9
10	Average age of upsizers and downsizers from survey
11	Downziers	60
12	Upsizers	39
13
14	If you downsized, how many bedrooms have you relinquished?
15	Answer	Respondents
16	1	65%
17	2	25%
18	3	7%
19	4	1%
20	5 or more	1%
21
22	What was the main reason?
23	Answer	Respondents
24	Fewer people in the house - Kids flown the nest, bereavement etc	33%
25	Due to Retirement	18%
26	Reduced Mobility due to age/health	13%
27	For easier home maintenance	12%
28	To reduce or clear mortgage debt	10%
29	To save on household bills/cost of living	9%
30	To release equity in current home	3%
31	Lack of available housing stock so had to buy smaller	3%
32
33	Do you wish you had downsized earlier?
34	Answer	Respondents
35	Yes	19%
36	No	81%
37
38	How much has downsizing reduced the cost of your mortgage by?
39	Answer	Respondents
40	Up to 5%	15%
41	6% to 10%	9%
42	11% to 20%	11%
43	21% to 30%	10%
44	31% to 40%	6%
45	41% to 50%	8%
46	50%+	40%
47
48	How much has downsizing reduced your other household outgoings by?
49	Answer	Respondents
50	Up to 5%	14%
51	6% to 10%	16%
52	11% to 20%	21%
53	21% to 30%	18%
54	31% to 40%	12%
55	41% to 50%	8%
56	50%+	12%
57
58	How much equity did you release from your previous home by downsizing?
59	Answer	Respondents
60	Up to £25,000	32%
61	£25,001 to £50,000	15%
62	£50,001 to £75,000	13%
63	£75,001 to £100,000	11%
64	£100,001 to £150,000	10%
65	£150,001 to £200,000	7%
66	£200,001 to £250,000	5%
67	£250,001 to £300,000	2%
68	£300,001 to £350,000	2%
69	£350,001 to £400,000	1%
70	£400,001 to £450,000	1%
71	£450,001 to £500,000	1%
72	£500,000+	1%
73