As part of its Not So Average Joe campaign, Birmingham Midshires looked into the house moving habits of people currently looking to buy a new home.
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The research revealed that, while just 7 per cent of people expected to be living in their next property for over 25 years, the majority intend to keep their house for between four and seven years, while a restless 17 per cent will stay less than four years.
Those living in the capital will move home most often, with 28 per cent of Londoners planning on staying in their next house for under three years, compare to just 13 per cent of more settled Midlanders and 11 per cent of those in the North.
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Perhaps unsurprisingly the young have the largest appetite for playing the property market; almost one in two intend to spend less than three years in the home they are currently intending to buy.
With the average house price now standing at £196,893, according to the latest Halifax UK House Price Index, many are predicting a slowing in the housing market.
Tim Hague, managing director of Birmingham Midshires, said: Regardless of speculation of a housing market slow down, the days when people would raise their children and retire all under the same roof are long gone. Many people now buy their first home long before they get married and will trade up several times as their circumstances change.
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While there is money to be made in investing in property, moving can be a costly business and we would advise anyone thinking of taking the next step o the property ladder to consult a regulated mortgage intermediary to ensure they are making the most of their money.
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