Reasons for buying a new build property

Almost half of home movers will consider buying a new build property according to the Property Academy Home Moving Trends Survey 2020, analysed by Dataloft. Energy efficiency is the main reason why home movers would purchase a new build. Respondents aged 55+ felt even stronger, with over 70% citing it as a main reason compared to 58% of younger respondents (under 34). Peace of mind, whether from an NHBC warranty, insurance or a lack of maintenance is motivation for over half of potential new build buyers. The availability of Help to Buy or Shared Ownership schemes was also a popular reason, especially amongst younger movers. In fact one in five home movers under the age of 34 cite them as a reason.