the cost of moving house infographic

Is The Cost of Moving House Crushing Your Chances of Becoming a Homeowner? [Infographic]

Written by Katie Cullen
Written by Katie Cullen
27th October 2016 (Last updated on Friday 6th October 2017)

On top of paying off a mortgage, many people don't realise how expensive moving house can be.

With stamp duty, surveyors, estate agents and conveyancers to pay, the average cost of moving house has risen to £10,996.

Rising house prices and moving costs mean it is more difficult than ever before to get on the property ladder. However, with careful planning and some nifty scrimping, you could save up to £3,600 on your moving day costs.

The infographic below will give you a more insight on the costs of moving house.

the rising costs of moving house infographic

Share this Image On Your Site

<p><strong>Infographic by</strong></p>
<p><a href="https://www.comparemymove.com/blog/your-move/cost-of-moving-house-infographic"><img src="https://www.comparemymove.com/infographics/the-cost-of-moving-house.jpg" alt="Moving House Infographic by Compare My Move" width="540" border="0" /></a></p>

Breakdown of Moving Costs

Moving costs have risen dramatically over the last 10 years, with estate agency fees and surveyors seeing the largest increase of 26%.

Many of these costs will have risen in line with increasing house prices, and you also have new costs, such as energy performance certificates (EPCs), which were not a requirement in 2006.

ServiceCost in 2006Cost in 2016Percentage Difference
Stamp Duty£2,023£2,50423%
Estate Agents£4,279£5,40426%
Surveyors£525£66526%
Home Removal£952£1,11116%
Conveyancing£1,011£1,25123%
EPCN/a£60-
Total£8,790£10,99625%

Source

With a price increase of 25%, moving home now costs £10,996, which is 40% of the UK's average salary.

The Cost of Moving House Across the UK

Depending on where you live, moving house can be more, or less, expensive than the UK average.

London champions the top of the list as the most expensive place to move house, with the hefty price tag of £30,000+. This is primarily due to high property prices which drive up the cost of commission based fees, like estate agents and conveyancers.

At the other end of the spectrum is Northern Ireland, which costs just £5,401 all-in. Have a look at the table below to see how much it costs to move house in your area:

LocationAverage Cost
London£30,000
South East£20,210
South West£11,098
East Anglia£10,973
Midlands£9,814
North West£7,459
North East£7,133
Scotland£6,947
Northern Ireland£5,401

Source

How to Cut the Cost of Moving Home

Moving house does not have to be so expensive with careful planning. Depending on your location, you can potentially save more than £3,600. Just follow these simple steps:

  • Use an online estate agent – Most online estate agents charge a fixed rate for their services, starting at £399. This means the average home can save anything from £2,000 to £4,000.
  • Compare conveyancing quotes – Either compare conveyancing companies yourself, or use a comparison website like Money Supermarket. You should also consider using an online conveyancer offering fixed-rate fees which could save you up to £500.
  • Compare Removal Companies – Used Comparemymove.com to compare up to six verified removal companies in your area and save up to 70% off your moving day costs.
  • Use second hand packing boxes – Take a trip to your local supermarket and ask for any free quality boxes. Doing so could save you more than £100.

These helpful tips will potentially save you thousands of pounds which can be spent on decorating your new home.

Compare the best removal companies