Homebuyers in the United Kingdom (UK) ranked the cost of the property as the most important factor to consider in their next purchase. A survey conducted in the second quarter of 2023 found that 68 percent of the individuals who were planning to purchase a property in the next 10 years picked cost as a deciding factor. The property location, features of the property, and the risk of flooding followed closely, with more than half of the respondents considering them as important.
Most important factors when choosing a home for prospective homebuyers in the United Kingdom (UK) in 2nd quarter 2023
Characteristic
Share of respondents who stated it was "very important" for them
prospective homebuyers looking to purchase a property in the next 10 years
purchase a property in the next 10 years
Method of interview
Online survey
Supplementary notes
This question was phrased by the source as follows: "How important, if at all, will each of the following factors be to your household when purchasing your next property?"
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Website (natwest.com). (July 27, 2023). Most important factors when choosing a home for prospective homebuyers in the United Kingdom (UK) in 2nd quarter 2023 [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1414861/most-important-factors-among-uk-homebuyers-2023/
Website (natwest.com). "Most important factors when choosing a home for prospective homebuyers in the United Kingdom (UK) in 2nd quarter 2023." Chart. July 27, 2023. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1414861/most-important-factors-among-uk-homebuyers-2023/
Website (natwest.com). (2023). Most important factors when choosing a home for prospective homebuyers in the United Kingdom (UK) in 2nd quarter 2023. Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1414861/most-important-factors-among-uk-homebuyers-2023/
Website (natwest.com). "Most Important Factors When Choosing a Home for Prospective Homebuyers in The United Kingdom (Uk) in 2nd Quarter 2023." Statista, Statista Inc., 27 Jul 2023, https://www.statista.com/statistics/1414861/most-important-factors-among-uk-homebuyers-2023/
Website (natwest.com), Most important factors when choosing a home for prospective homebuyers in the United Kingdom (UK) in 2nd quarter 2023 Statista, https://www.statista.com/statistics/1414861/most-important-factors-among-uk-homebuyers-2023/ (last visited December 22, 2024)
Most important factors when choosing a home for prospective homebuyers in the United Kingdom (UK) in 2nd quarter 2023 [Graph], Website (natwest.com), July 27, 2023. [Online]. Available: https://www.statista.com/statistics/1414861/most-important-factors-among-uk-homebuyers-2023/
