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British home owners like to stay put, research suggests

And one in 10 haven’t sold their home and moved for 31 years or more, according to the study from mortgage and loan broker Ocean Finance.

But this doesn’t mean that people don’t move around before they settle down, however. Almost a quarter, 23%, of those questioned by Ocean Finance have lived in 10 or more homes in their lives.
 
The research found that moving is most prevalent among younger people. Some 54% of people aged under 25 who took part in the study have already lived in as many as three places. On average, people typically move three more times before they are 45.

People in the south east and east of England are more likely to move house frequently, with 27% of those in the east of the country and 30% in the south east saying they have lived in 10 or more properties.
Also, people in these regions are also less likely to have lived in one place for more than 15 years at 58% and 56% respectively.

Conversely, people in the East Midlands and Wales are the most likely to stay put, with 70% of people from the East Midlands saying they have lived in the same place for more than 15 years. This figure dropped slightly to 67% among respondents in Wales.

‘Whilst moving home is common amongst the young, what is remarkable is how people seem to stay put once they’ve found a place that they like. One in 10 of us will stay in the same house for more than 31 years,’ said Ian Williams from Ocean Finance.

‘There is also evidence of young people being forced to live at home or boomeranging back home after studying away with 16% of people under 34 saying they have lived in just two places,’ he added.

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