Research reveals cost of moving home in the UK up 24%

• Brits need to budget an extra £1,962 to cover the cost of moving house – a quarter more than in 2019 (£1,584)
• Brighton revealed as the most expensive place to move home outside of London (£2,430), while Swansea is the cheapest (£1,616)
• 44% of movers admit to budgeting less than £1,000 for moving home – a potential shortfall of almost £1,000 based on the insurer’s research
• Most common home moving claims reported to Admiral include damage to TVs, sofas and fridges

A new UK-wide investigation by Admiral Home Insurance has revealed the cost of moving home has increased by 24% over the last 4 years, with an additional £,1,962 needed to avoid being hit by unexpected costs.

While movers may budget for deposits, stamp duty and legal fees, it's often the additional costs that cover the logistics of moving that can tip buyers and renters alike over budget.

Admiral’s investigation gathered quotes for different moving services in locations across the UK, and found Brits need to budget an extra £1,962 when moving house to cover essentials like removal services and postal redirection. This compares to £1,584 in 2019, when the insurer last carried out the research.