This entry was posted on Tuesday, May 15th, 2007 at 8:43 am and is filed under Property news. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.
UK Property Market
independent property advice
Older Buyers Relocate Further Away from Current Property
According to new surveys, buyers over 55 tend to choose a new home further away from their former residence. The average distance chosen is 48 miles, while with younger age groups this significantly decreases to 14 miles for those in their mid-30 and nine miles for those in their early 20’s.
Research also shows that 66 percent of buyers of all ages want to move within maximum ten miles of their current property. At the same time, it is men who want to move further away from their former homes, with an average distance of 30 miles, in comparison with 22.5 miles for women.
One of the reasons behind these numbers is probably the stress factor associated with changing home, which makes this event rank in third after dramatic ones like death and divorce.
This article has been submitted by Ethan Segurola. Ethan is also one of the main writers on Remote Brains and has published many articles on eyebag surgery clinic.
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