Various reasons for selling appears to confirm that we are still currently at a relatively strong stage of the property cycle!
The ageing portion of the population, that dominates the sellers in order to downscale due to life stage, remains the most important source of home selling. The second most important driver of selling is "selling in order to upgrade", a key indicator of confidence of a portion of households in their future financial strength as well as in residential property as an asset. The third-most important driver is downscaling due to financial pressure, a percentage far down from 2009, but still significant at 15% of total selling.
