Moving on! 6,500 moves expected on Friday 30th August


Published : 31st July 2019

News

Research by The Homeowners Alliance based on figures from the Government's English Housing Survey, say it is this year’s most popular day to move.

Estate agents already know that the last Friday of the month is the most popular day to move, but also the removal companies’ nightmare – but also, presumably, their best earner – the most popular day to move home this year will be Friday 30th August, according to analysis by The HomeOwners Alliance using data by reallymoving.

Based on figures from the English Housing survey, there were 625,000 owner-occupier moves in England in 2016-2017 or approximately 1,700 moves per day. On the most popular day of the year, 3.8 times this level (approximately 6,500 moves) are expected. Looking at the most popular month and days to move, this translates into 75,000 homeowners moving in the month of August, alone and 175,000 homeowners moving on Fridays over the course of the year.

Link to news of most popular day to movePaula Higgins, Chief Executive, The HomeOwners Alliance, says, “Many homeowners like to move during the school summer holidays so their children can settle down in time for the new academic year, the start of September across most of the UK.

“It may appear sensible to move on a Friday, so you have time to unpack and settle in over the weekend before heading back to work, but we advise people to be exceptionally careful if they move on a Friday. On this particular Friday, 30th August, with even more moves expected to be happening than usual, it’s paramount that people are as organised as possible.

“Of course delays can occur at any time, but issues with transfers of funds are more likely to happen on a Friday when banks, conveyancers and removal firms are stretched to the limit as it’s the time when most housing deals tend to complete. On the last Friday of the month bank money transfers can get overloaded and it’s peak time for conveyancing fraud. If there are delays in transferring funds, you may have to spend the weekend in a hotel or on friends’ and families’ sofa.”

Rob Houghton, CEO of reallymoving, added, “Moving on the busiest day of the year isn’t for the faint-hearted, especially with the August bank holiday also happening that week, pushing more moves onto the remaining four days. Ensure your solicitor and everyone in the chain knows you’re working towards that date and book your removals firm well in advance, so you only need to confirm as soon as you exchange. It’s best to ask them to come to your house to assess the volume of your belongings. This ensures you have the right sized van and number of team members on the day of your move.”

STATS

The estimated number of moves on the busiest day, month and Fridays over the year are calculated using the % of moves expected on each of these days x the number of owner-occupier moves recorded by the English Housing Survey in 2016-2017 (625,000 moves) Source: English Housing Survey household type of recent movers

Average moves per day = 625,000 moves per year/ 365 days = 1,712 moves per day

Busiest day of year 1.4% of movers choose this day x 625,000 moves = 6,500 moves

Busiest day is 3.8 times busier than an average day 6,500/1,700 = 3.8

Busiest month of year 12% of movers choose August x 625,000 moves = 75,000 moves

Busiest day of the year 28% of movers choose Friday x 625,000 moves = 175,000 moves

 
Source:- https://thenegotiator.co.uk/moving-on-6500-moves-expected-on-friday-30th-august/