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| New research shows the average cost of moving house in the UK is growing steadily and now stands at £10,047. This figure takes into account stamp duty, conveyancing, surveying and removal costs. The regional costs vary with homeowners in the South West spending £11,331 on the cost of moving house, compared to the North East and Wales with the lowest costs at just over £5k.Londoners pay almost £28k with 60% of that cost being made up of Stamp Duty. The rising cost of moving house means that buyers are forced to save for longer. London was the only region where house prices (and therefore the cost of moving) saw an annual downturn, but it still cost the average Londoner nearly £28k in extra costs to move in 2018. London was followed by the South East (£17,219) and the East of England (£14,157) as the most expensive regions to move house. In contrast, the North East was the cheapest region to move house, costing the average homeowner around £5,000. This is followed by Wales (£5,561) and Scotland (£6,192) as the next cheapest regions. Although Stamp Duty makes up around 35% of the average UK cost of moving house, the tax continues to be the most significant chunk of cost for regions with high house prices. The research takes into account additional costs including removal prices for moving the average three bedroom home, Stamp Duty payments, Conveyancing and Estate Agent fees, and extra payments such as for an EPC certificate. Rising house prices across all regions meant for the first time the cost of moving was more than £10k for the average UK homeowner, an annual increase of around £500.
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