Young Britons expect to live in fewer homes than older generations


Young Britons expect to make fewer house moves during their lifetime than the older generations did - in signs that "property mobility" is declining - a survey has found.

People aged under 25 predict they will live in six properties typically during the course of their life, including the family home they grew up in, university accommodation and homes they rent or buy.

But people aged over 60 said they have lived in eight properties during their lifetime, the research from removals website found.

Across the survey, people now expect to live in seven different properties during their lives, but researchers said a previous report in 2007 had found people were expecting to live in 16 different homes on average.

The report suggested rising house prices and university costs are partly behind the trend, with young people living in the family home for longer than previous generations did before moving out.

The average age at which people were leaving their parents' homes was 27 years old, the survey found.

The vote to leave the EU may also have prompted some people to stay put for longer amid the economic uncertainty.

More than one in five (22%) people surveyed said they would reconsider any plans to move home as a result of the vote, the survey among 1,000 people found.

Angus Elphinstone, founder and chief executive of AnyVan, said rising house prices combined with a lack of wage growth had made moving costs harder for people to afford generally.

He said: "If we really want to see property mobility increase we also need more schemes like Help to Buy and more affordable housing. Something needs to change."