Housing market firm Zoopla data reveals that people are not moving as often as they have done in the past. Back in the late 1980s we moved every nine years on average. However the meteoric rise in property prices has not been matched by salaries, making our ascent up the property ladder, more of a crawl then a climb.
The research was conducted by market analyst Hometrack, which was recently acquired by Zoopla. This may explain why property transactions have not recovered their pre-financial crisis crash. Before the global banking meltdown approximately 120,000 properties were sold each month, a figure that is currently running at just under half that number, according to latest Land Registry figures.
Midlothian in Scotland, which covers the area south of Edinburgh between East Lothian and the Scottish Borders, is where people move home the most frequently, or every 14.9 years, five years faster than the rest of the UK.
This is followed by Dartford outside London at 16.5 years and central Edinburgh at 16.6 years. At the other end of the spectrum, residents of Powys in mid-Wales only move around once every 33 years.
Zoopla released the research to coincide with the launch of a new '
move planner' tool by Zoopla:
buyer's checklist,
renter's checklist.
