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Young people live in twice as many homes as their grandparents

British people move home more often than ever before and are planning for a lifetime of regular relocation according to new research from propertyfinder.com.

While the average over 65 year-old has moved 5.7 times in their life, spending an average of 9.2 years in each of their homes, the average 41-45 year old has already moved seven times, spending just four years in each residence.

The 18-25s are the most footloose, having moved more than three times since they left the parental home, spending two years on average in each home.

When asked how many more times in their lives they expected to move, those under 30 expected an average of six more home moves, taking their expected lifetime total to 10, almost twice as many as their grandparents.

Those aged 41-45 expected to move another 4.5 times, taking their total to 11.5, and suggesting that the young may even be underestimating their likely moves.

Social change is the key determinant of this trend. When asked what prompted them to fly the parental nest, 88% of the over 65s did so in order to get married.

This compares to less than 3% of the under 30s in the survey.

53% of the under 30s left home to go to university.

A further 8% did so to set up home with friends, something that none of the over 65s did.

Warren Bright, chief executive officer of propertyfinder.com, says:
People now marry and settle down much later than their grandparents and are far more likely to move around as a result.

This trend is due mostly to studies, changes in career patterns, the tendency of young people towards house-sharing and the likelihood of young people having serial relationships before settling down.

Middle aged people have also become much more mobile due to rising divorce rates, the need to release equity to fund retirement and downsizing.


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