View more on these topics

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

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, 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.


Nationwide to build platform

Nationwide is setting up its own online platform because it says the Mortgage Trading Ex-change can no longer offer the society the service it requires.

MS to mark fifth year with bumper issue

Mortgage Strategy is celebrating its fifth birthday this year at London’s Serpentine Gallery. To mark this special occasion, Mortgage Strategy will be producing a bumper supplement to be distributed on the night and in every copy of the magazine, looking back at the past five years. You will see all the news and views from […]

Swift appoints regional account manager

Swift has appointed Graeme Wade as regional account manager for the South of England. Wades appointment completes the sales team which now consists of four regional account managers, covering strategic geographical areas, in addition to Brian West looking after national accounts.Swift, whose gross new business lending in the first quarter of 2006 has grown by […]

5.8m donated through affinity accounts

The Building Societies Association has revealed 5.8m was donated to various causes through affinity accounts in 2005.The figure comes from a survey conducted amongst BSA members, and is the first ever research into affinity accounts.Primarily offered by building societies, affinity accounts allow people to automatically donate part of the interest on their accounts to sports […]


News and expert analysis straight to your inbox

Sign up