People now moving homes every 19 years (not the eight it used to be)

Turnover of homes has drastically slowed over the last 30 years, new figures reveal.

As people stay longer in their homes, properties are now changing hands at an average of once every 19 years in England, compared with once every eight years in the eighties.

Homes now change hands least often – once every 22 years – in the north-east, and most often – every 16 years – in the south-east.

In London and the south-west, homes change hands every 17 years; in the east midlands, every 18 years; in the east of England and in Yorkshire and Humberside, every 19 years; in the west midlands, every 20 years, and in the north-west every 21 years.

The figures, from conveyancing firm My Home Move, are a far cry from the eighties when people moved home once every eight years.

However, My Home Move says that turnover times have improved over the last five years.

Across England as a whole, the time between house sales has fallen since 2010 from an average of once every 25 years.

The firm’s research used Land Registry data.

x

Email the story to a friend

Leave a Reply

Thank you for signing up to our newsletter, we have sent you an email asking you to confirm your subscription. Additionally if you would like to create a free EYE account which allows you to comment on news stories and manage your email subscriptions please enter a password below.