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Packing more stressful than falling house prices

19 June 2003
Britons moving home are more concerned about packing and unpacking than the danger of property prices falling, according to a new survey.

The Alliance & Leicester's quarterly movingimproving index found that only four per cent of British homebuyers said that a possible fall in house prices is the most stressful thing about moving.

However, 27 per cent of those questioned said that packing and unpacking their possessions was the most stressful aspect of moving house.

The second biggest stress, according to the report, is a broken property chain with 15 per cent citing it as their main fear when moving.

Getting to grips with mortgages came third, with eight per cent of respondents citing it as their top worry, while six per cent found dealing with solicitors and six per cent dealing with estate agents the biggest moving headache.

Paul Cooper, Head of Mortgages at Alliance & Leicester, commented, 'Many people find moving one of the most stressful experiences of their lives. Given the recent speculation about house prices, you might expect that people would have been more concerned about the value of their new home falling. But the biggest worry for homebuyers is getting through the move with their nerves and crockery intact.'

The survey of 2,000 people showed that women find packing, unpacking and cleaning the greatest hassle, perhaps reflecting the traditional division of labour.

However, despite numerous reports of property prices levelling out or even falling in some parts of the UK, just four per cent of Britons see the notion that the value of their new property might fall as the most stressful part of moving home.