Today’s first time buyers are less inclined to leave familiar territory when hunting for their first home, preferring to stay close to mum and dad or so suggests a new study.
According to a captive study, compiled by one of the UK’s leading home insurers, around ½ of all first time buyers will move a maximum of 25 miles from their parents, with a further 20% opting to live no more than 2 miles from mum and dad.
Experts commenting on findings have suggested that today’s first time buyers appear to be unsettled by the prospect of leaving the nest completely and are choosing to live close to their folks, as more of a personal compromise than anything else. It is also suggested that FTB’s prefer to stay in close proximately of the area where they grew up, In order to keep in contact with close friends.
