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Brits Now Move House Only Once Every 23 Years
The frequency of moving house in the UK has plummeted. In the 1980s, people moved roughly every 8 years; today, it is closer to every 23 years.
The British property market has fundamentally shifted. Historically, the 'property ladder' implied moving frequently as a family grew and wealth increased. In the 1980s, the average UK homeowner moved every 8.6 years.
Today, due to soaring property prices, high Stamp Duty costs, and the sheer expense of moving, that number has stretched to roughly 23 years. Instead of moving, homeowners are increasingly choosing to extend, renovate, or dig into the loft to maximize their existing space, leading to a shortage of housing stock coming to the open market.