Shift in Homeownership Views Among Younger Generations
A new study from Zoopla reveals that younger homeowners are prioritizing flexibility over the traditional 'forever home' concept.
According to the study, 45% of homeowners aged 18-34 expect to move home within the next five years, embracing a flexible 'Right Now Home' model.
The traditional ideal of a 'forever home' is losing its relevance for younger generations.
- 63% of homeowners aged 18-34 feel the concept of a 'forever home' holds less importance than it did for their parents' generation.
- 45% of this group anticipate moving home within the next five years, rejecting the notion of settling in one house for life.
Author's summary: Younger homeowners prioritize flexibility in homeownership.