Moving home can be both exciting but extremely stressful and exhausting at the same time. There are so many factors to think about, from home insurance and deposits to the actual cost of logistics like removal vans and endless moving boxes – it’s safe to say the process isn’t necessarily smooth running.
If you’ve done it recently, you’ve probably said in passing that you can’t face doing it ever again – but how often do we actually take the plunge throughout the course of a lifetime in the UK?
Recent research conducted by estate agents Savills has revealed that on average, British homeowners will move at least once every 23 years.
According to Savills’ findings, the the most frequent house movers are those who live in Wandsworth, Basingstoke, Norwich, Rushmoor and Swindon, as they move every 10 years on average. On the other side of the spectrum, those who are less likely to move are often situated in Pembrokeshire, Harrow, Isle of Anglesey, Sefton, Newham and Redbridge.
Prior to the big recession in 2008, people used to move an estimated four times after their first purchase. However, due to the current climate, this is no longer the case as the new research suggest homeowners will now only move twice in their life.
There are a number of reasons behind this, including the rise in housing prices in recent years as well as the uncertainty of Brexit at the moment.
Speaking to the BBC, Lucian Cook, head of residential research at Savills said: ‘Those not trading up are the forgotten people of the housing market. We’ve concentrated on first-time buyers. They get the concessions and all the focus has been on getting people onto the housing ladder.’
Nowadays, it is much more common for people to choose to extend and build onto their home instead of moving to a new property.
The study also found that due to the lack of house moves happening in the country, it has been hard for removal companies to find work as they have decreased in demand alongside home sales.