Important:

This article is for information purposes only.

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

Around 31% of UK adults feel more pride in their home following lockdown

UK adults

A further 36% reported feeling a greater sense of community among their neighbours

Just under a third (31%) of UK adults feel an increased sense of pride about their home now, compared with prior to lockdown, according to research by Halifax, in partnership with YouGov.

A further 36% reported feeling a greater sense of community among their neighbours.

People living in detached houses have felt the greatest increase in ties to their community and neighbours (43%), followed by those in semi-detached houses (41%), bungalows (36%), terraced houses (31%) and flats or apartments (26%).

Those aged 55 and over are more likely to have noticed an improved sense of community (38%) compared to those aged between 18 and 24 (31%).

This positive trend is seen despite two-thirds (66%) living through the COVID-19 lockdown in a home without a dedicated space to work or study, rising to 70% for those under 25.

One in 10 (8%) British adults have been experiencing lockdown with no outdoor space.

A further 14% either share a garden or outdoor space (7%) or have a balcony or terrace (7%).

Almost a fifth of those surveyed have been seeing out lockdown in a flat (18%), and a further fifth (22%) in a terraced house.

Two-fifths are in a property with three bedrooms (40%), but almost a tenth only have one (9%).

A further 6% are living in a property with five bedrooms or more.

The majority (71%), said they have no plans to move from their current property, post-lockdown.

Those in bungalows are most inclined to stay put (86%), compared to 75% in semi-detached properties, 71% in terraced houses, and 53% of those in flats and apartments.

Of the very small number who were planning on moving, but have since reconsidered (3%), the most common reason is due to a change in financial circumstances (37%), whilst 21% have fallen back in love with their property, after spending an increased amount of time in it.

For those who are planning on pushing ahead with a move when possible, the main driver was needing more space (30%), or seeing faults after spending so much time at home (22%).

When asked more generally about moving, UK adults agreed indoor and outdoor space would be the main driving factors (13% and 15%), and almost a tenth (9%) said they would like to move to a less populated part of the country.

Almost a quarter (24%) of respondents now have a greater desire to work from home, although 10% have found that this desire has decreased since lockdown.

Russell Galley, managing director at Halifax, said: Lockdown will have been a difficult time for many, particularly for the one in 10 who don’t have access to outdoor space.

However, it’s cheering to see that almost a third of people feel more positive about their home following lockdown, and a greater sense of community with their neighbours, a testament to our ability to keep optimistic, and come together, in the face of challenging circumstances, he said.

Important:

This article is for information purposes only.

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.