HOMEOWNERS in the South East move house more often than anywhere else in the UK, according
HOMEOWNERS in the South East move house more often than anywhere else in the UK, according to research commissioned by MyHomeMove.
The Land Registry data shows that properties are owned for an average of 16 years in the South East — which is six years less than in 2010.
Not far behind, in London and the South West, the average length of ownership is now 17 years.
Homeowners in the North East hold on to their property for the longest, selling after 22 years on average — which is 36 per cent longer between sales than in the South East.
This research confirms that the average duration of homeownership has decreased in every region since the core of the recession in 2010.
“As well as demonstrating a recovery from the recession I believe this data shows how our lifestyles have changed,” says Antony Gibson of Romans, which has its Henley branch in Hart Street. “In general, we no longer anticipate a ‘job for life’ so people tend to move more often during their lifetimes due to work commitments.
“In the South East I also notice a lot of families move around in order to live in specific school catchment areas. In some cases this could result in two to three moves over a 12-year period as their children go through primary, junior and secondary schools.
“We speak to many clients who are simply moving because their current home doesn’t suit their needs any more. This could be because there aren’t enough bathrooms, there is no off-road parking, or they’re looking for a more modern home with open-plan living space.”