Stat of the month: Brits move home every 23 years

Published by Hannah Nemeth on 21 September 2017.
Last updated on 21 September 2017

Stat of the month: Brits move home every 23 years

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

 

Rank

 

 

Region

 

 

Average
property
value

 

 

Turnover in
years between
moves

 

1

Scotland

£184,800

19.6

2

South West

£295,148

20.6

3

East of England

£356,745

20.9

4

East Midlands

£209,647

21.3

5

South East

£407,895

21.4

6

West Midlands

£219,257

23.8

7

North West

£190,726

24.2

8

Yorkshire and The Humber

£173,461

24.2

9

North East

£188,996

26

10

London

£677,524

26.5

11

Wales

£181,856

26.8

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