The move home is becoming a rarity’

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Homeowners are moving half as often as they did before the credit crisis, figures produced for the BBC suggest.

The reasons include the high prices of homes, stricter rules on obtaining mortgages, the elderly and people in large properties.

To move from the house about four times after their first purchase. Now it’s more like two times.

There is a boom to extend the homes instead, as parents strive to create enough space to cram in their families.

“Those non-commercial they are the forgotten people in the real estate market,” said Lucian Cook, head of residential research at estate agent Savills.

“We focused on the first house. They get the concessions and all the goal was to convince the people on the body scale.”

Even so, Mr. Cook said that he was surprised that the results of research on the movement, undertaken by Savills for the BBC News, which showed:
Prior to 2008, the homeowners moved an average of 3.6 times, after having purchased their first property
In the last few years, the slower pace of purchase and sale, suggests to move, on average, 1.8 times for their entire duration

Eddie Greenhalgh is extending his house in Burnage in Manchester in every possible direction and savings, he estimates, of about € 200,000 in the process.

“We spent endless hours on Rightmove, but I couldn’t find what we wanted, in the area we wanted, that we could afford,” he said.

The Greenhalghs installation of a mezzanine building at the side of the property and the garden, doubling the space available for them and their three children.

Have moved two times in their life.

“There will probably be a move, a nursing home,” Eddie joked, “And that it will be”.

Fast and slow

The most frequent and the worst are: Wandsworth, Basingstoke and Deane, Norwich. Rushmoor, Lambeth, Corby, Swindon, Aylesbury Vale, South Of Norfolk, Bracknell Forest.

Less frequently the worst are: Pembrokeshire, Harrow, Ceredigion, Blaenau Gwent, Brent, Wolverhampton, Isle of Anglesey, the Sefton, Newham, Redbridge.

Source: Savills

It’s long been a complaint in London and in some parts of the South-East of England, that the next rung of the housing ladder is out of reach because of high prices.

But Savills says that the problem is widespread throughout the country and not only of other cities, such as Manchester, where prices have taken off.

In other cases, places where property values have barely moved, families are detained because they have made little or no profit on their homes.

Pembrokeshire and the London borough of Harrow, where houses typically sell once every 19 years, are at the top of the list of lenses areas.

The rate is not much faster, to 18 years, in Brent, Wolverhampton and Anglesey.

At the other end of the scale, some places have a Goldilocks local market, according to Savills, which is not too hot and not too cold, and encourages people to pass more often.

In Basingstoke, Swindon, Aylesbury, Bracknell and South Norfolk homes change hands every 10 years, and trading is still achievable for many.

A lower number of sales, which means less work for removals companies. We found one, not to be missed, the loading of a truck with the furniture and boxes close to the Greenhalghs in Manchester.

“It really affects us as a business, because there are less people for us to go and move,” said Kieran Whitehead, not to be missed.

“We fought, going in the other sectors, moving a lot more companies. We looked at the storage part of the company.”

A Burnage real estate agent, Peter Barlow, has said that people thinking of making the family-sized houses on the market were put off when they looked at an agent’s window and saw that so little was on offer to move.

He said that there was a particular problem with the older generation, when they wanted to resize.

“They want a bungalow and they just are not available any more,” he said.Impact on jobs

Cook, from Savills, is concerned about the impact on the economy. The money people spend when they move, and often it is not the way to get a better job.

“If you’re finding a lot more difficult to move, which has a great impact on the mobility of labour,” he said.

There is an obvious alternative, which is for rent, and that is what some are doing, even if they already have a property.

But more and more of Britain’s homeowners are staying put, sometimes for decades.

Increase the number of bedrooms

Adjust the amount of the deposit

The regular monthly payment amount

No affordable areas

You have a large enough deposit and your monthly payments are high enough.
The prices are based on the local market. If there are 100 properties of the right size in an area and in price order with the cheapest first, the “low-end” of the market will be the 25th property, “mid-price” is 50 °, and “high-end” will be 75.

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