More than 29,000 house sales fall through every year due to fears over local crime, amounting to 2.4% of house sales.
Churchill Home Insurance research shows that over two thirds (69%) of potential homeowners are fearful over crime rates in the area they are looking to buy in.
The biggest concerns voiced by homebuyers to estate agents are local burglary rates, followed by drug-related crimes, assault, property vandalism, vehicle vandalism and car theft.
Craig Rixon, head of Churchill Home Insurance said: “With crime rates rising across the UK, it is no surprise to see that this is having a detrimental knock-on effect on homebuyer confidence.
“Buying a home is a major financial commitment and it is important to assess several factors when considering where to live, with local crime rates being one of them.
“However, this should not necessarily deter purchases of dream properties.
“No matter where the property is, or what the crime rates are in the area, homes should always be fitted with an appropriate level of security features, including locks, an alarm and security lights, as often burglars will look for the easiest home to enter on a street.
“For further peace of mind, it’s always necessary to have a comprehensive, up-to-date home insurance policy that covers householders in the event of them becoming victim of a burglary.”
Across the UK, the total number of crimes rose by 12% between 2014 and 2018, with nearly 5.8 million crimes reported to police forces last year alone. This amounts to around 15,800 every day, or 11 every minute.