Determining factors for UK home purchase 2023

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
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Release date

July 2023

More information

Region

United Kingdom

Survey time period

Q2 2023

Number of respondents

1,500 respondents

Age group

18-64 years

Special properties

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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