1 in every 8 home movers plan to move in 5 years

Published: 23/07/2021

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).

Are you trying to find a new place to live, call Willmotts for property advice or information with selling and or buying a home please email sales@willmotts.com or call 020 8222 9958

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Source: Dataloft