News

1 in 8 plan to move within 5 years

• One in every eight home movers across the UK expects to be in their new home for less than 5 years, over one third for a decade or less.
• Over half of home buyers aged up to 34 expect to move again within a decade, 18% only expecting to be in their next home for 5 years of less.
• While younger buyers expect to move quite quickly, 44% of those aged 55-64 and 35% of those aged 65+ expect to be in their new home for over 20 years.
• In 2019/20, those with a mortgage spent an average of 10 years in their home. This compares to 23.8 years for owner-occupiers who own their property outright (English Housing Survey).