1 in 8 homeowners plan to move within the 5 years

Just moved into a new place and couldn’t even think about doing it all again? Well you might be surprised to hear that one in every eight home movers across the UK expect to be in their new home for less than 5 years.

Over half of all home buyers aged up to 34 expect to move again within a decade, with 18% thinking that they’ll only be in their next home for 5 years or less.

While younger buyers expect to move more frequently, 44% of those aged 55-64 and 35% of those aged 65+ expect to be in their new home for over 20 years.

In 2019-2020 those with a mortgage spent on average 10 year in their home, before making the move.

You often don’t know what’s around the corner so if you’re finding that your circumstances are changing and you do need to move again sooner than expected, don’t panic! Our experts across your local areas are here to support you from valuation all the way through till you’ve got the keys for your new home. Our agents make buying and selling stress free as possible.

Sources: Dataloft, Property Academy Home Mover Survey, 2020