Brits move home every 23 years

  • Average Brit now moves home every 23 years compared to a peak frequency of every nine years in 1988

  • Homes in Midlothian, Scotland change hands every 15 years*

  • Outside of London, Powys, Wales residents stay in their property the longest – moving every 33 years

  • Tower Hamlets is home to the most frequent movers in the capital (every 16 years), whilst those in Kensington and Chelsea stay put for 38 years

  • Zoopla launches new Move Planner tool to simplify the process for buyers and renters

The average person in Britain moves home every 22.7 years, according to the latest figures from property website Zoopla.

Zoopla worked with Hometrack to calculate the average time between house moves by analysing total private dwelling stock levels and the number of total property sales transactions over the last year**. On a regional level, the data reveals that Scotland is home to the most frequent movers in Britain, where the average person changes property every 19.6 years. South West England is close behind with an average of 20.6 years, followed by the East of England where residents move every 20.9 years. Movers in Wales stay put the longest, taking an average of 26.8 years to move between properties.

On a local level***, Midlothian, Scotland, has been crowned home to Britain’s most frequent-movers. Properties in the historic Scottish county switch hands every 14.9 years – five years faster than the regional average. The London commuter belt area of Dartford in South East England comes second, with the average person changing properties every 16.5 years. The Scottish capital of Edinburgh places third, with its residents moving every 16.6 years.

At the other end of the spectrum, residents of Powys, Wales dwell the longest in their respective properties, moving every 33.1 years. The university city of Oxford is home to the second least frequent movers, with Oxfordians staying in their homes for an average of 31.6 years.

Within the capital, Tower Hamlets tops the list of London boroughs with the highest property turnover rate, with the average property changing ownership every 15.9 years. Greenwich has the second quickest rate at 19.7 years, and Southwark checks in third (21.1 years). Moves occur least often in the notoriously expensive royal borough of Kensington and Chelsea, with the average resident only moving every 38.1 years.

The research has also revealed the history of Britain’s housing stock turnover rates. In the wake of the most recent financial crash, moves were least frequent (every 25.89 years on average) in 2009, whereas property transaction rates peaked during the Lawson Boom of the late 1980s with Britons moving home every 8.63 years in 1988.

This news coincides with the launch of Zoopla’s new Move Planner tool, an interactive checklist designed to help simplify the notoriously stressful process of moving home. The new Move section of the Zoopla website is also packed with tips, advice and guidance for movers, and offers timely reminders for key tasks and transactions - from contract exchanges, insurance, and arranging the broadband.

Lawrence Hall, spokesperson for Zoopla comments: “It’s interesting to see where in Britain property is changing hands more frequently, with home movement in an area typically indicating a liquid property market. Regions with a shorter time between house moves could offer better affordability than those areas where properties change hands less regularly. In Kettering, for example, the average property is currently valued at £223,041 - £84k (37.73 per cent) less than the UK average. Equally, in cases such as Dartford, which features highly on our frequent movers list and has recently seen the completion of a £90 million development, a surge in new-build availability and local investment could be a contributing factor.

“In contrast, regions where properties change hands less often can suggest a lower level of demand, or less housing stock – particularly in rural areas. Oxford is a slight exception to this rule as slow property turnover in this famous city is most likely a result of both a scarcity of available properties and also a lack of affordability in the local property market.”

*Historical turnover rate figures taken from HMRC transactions data

**Zoopla worked with Hometrack to calculate the average time between house moves by dividing the total private dwelling stock levels (ONS data) by the number of total property sales in 2016 (Land Registry data) and expressing the outcome as a percentage

***Local authority level data

Regional ranking of years between moves

Rank

Region

Average property value

Turnover in years between moves

1

Scotland

£184,800

19.6

2

South West

£295,148

20.6

3

East of England

£356,745

20.9

4

East Midlands

£209,647

21.3

5

South East

£407,895

21.4

6

West Midlands

£219,257

23.8

7

North West

£190,726

24.2

8

Yorkshire and The Humber

£173,461

24.2

9

North East

£188,996

26.0

10

London

£677,524

26.5

11

Wales

£181,856

26.8

Top 10 local authority areas for turnover rate in years (excluding London)

Rank

Local Authority Area

Average property value

Turnover in years between moves

1

Midlothian

£205,195

14.9

2

Dartford

£334,963

16.5

3

Edinburgh (City)

£280,874

16.6

4

Kettering

£223,041

16.8

5

Glasgow (City)

£179,256

16.8

6

East Northamptonshire

£248,293

17.0

7

Renfrewshire

£154,679

17.3

8

Taunton Deane

£267,238

17.3

9

Corby

£173,109

17.4

10

Aylesbury Vale

£415,237

17.4

Bottom 10 local authority areas for turnover rate in years (excluding London)

Rank

Local Authority Area

Average property value

Turnover in years between moves

1

Powys

£205,830

33.1

2

Oxford

£502,606

31.6

3

Gwynedd

£188,537

31.2

4

Blackpool

£124,176

31.1

5

Pembrokeshire

£194,772

31.0

6

Kingston upon Hull, City of

£135,649

30.8

7

Wrexham

£179,698

30.0

8

Blackburn with Darwen

£131,670

29.7

9

Isle of Anglesey

£187,122

29.7

10

Denbighshire

£167,041

29.5

Top 10 London Boroughs for turnover rate in years

Rank

London Borough

Average property value

Turnover in years between moves

1

Tower Hamlets

£565,139

15.9

2

Greenwich

£456,659

19.7

3

Southwark

£649,758

21.1

4

Wandsworth

£804,289

21.1

5

Lewisham

£484,939

21.8

6

Sutton

£451,148

22.1

7

Bromley

£535,225

23.1

8

Lambeth

£688,230

23.2

9

Havering

£399,314

23.4

10

Barking and Dagenham

£295,553

24.9

Bottom 10 London Boroughs for turnover rate in years

Rank

London Borough

Average property value

Turnover in years between moves

1

Kensington and Chelsea

£2,231,803

38.1

2

Harrow

£553,385

36.8

3

Ealing

£612,757

35.7

4

Haringey

£669,407

35.2

5

Westminster

£1,409,193

34.9

6

Enfield

£478,541

34.9

7

Camden

£1,127,073

32.6

8

Brent

£534,651

32.3

9

Redbridge

£465,735

32.0

10

Newham

£385,152

31.7

Sources: Office for National Statistics: Total private dwelling stock level figures, Land Registry: Total number of property sales in 2016, HMRC property transactions data (1959 to 2016).

- Ends -

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