Homeowners in the UK move home every 23 years, on average, as compared with every nine years in 1988, according to new research.
Working with property market analyst Hometrack, online property platform Zoopla calculated the average time between house moves by dividing total private dwelling stock levels by the number of total property sales in 2016 to give a ‘snapshot’ of how often Brits are likely to move.
This is also influenced by how well the housing market is performing – after the most recent financial crash, in 2009 people moved less frequently (every 25 years), while during the property boom in 1988, Brits moved every nine years.
Researchers found significant regional variations too, with people in Scotland moving most often – every 19 years – while homeowners in Wales remain in their homes for the longest – 26 years, on average.
Looking more closely at people’s moving habits, residents of Midlothian in Scotland move most frequently at 14.9 years on average, followed by
Dartford in south-east England (16.5 years) and Edinburgh (16.6 years).
In contrast, residents of Powys, in Wales stay in their homes the longest, typically moving every 33 years, followed by residents of Oxford, who stay for 31 years.
In London, there is a mixed picture, with residents of Tower Hamlets moving home most frequently at every 16 years, compared with stay-in-the same-place residents of Kensington and Chelsea, who only move once every 38 years.
Lawrence Hall, spokesperson for Zoopla, says: “It’s interesting to see where in Britain property is changing hands more frequently, with home movement in an area typically indicating a liquid property market.
“Regions with a shorter time between house moves could offer better affordability than those areas where properties change hands less regularly. Equally, in cases such as Dartford, which features highly on our frequent movers list and has recently seen the completion of a £90 million development, a surge in new-build availability and local investment could be a contributing factor.”
Regional ranking of years between moves
East of England
Yorkshire and The Humber