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2013.04.26 12:04

The main reasons for Lithuanians to change places of residence

DELFI|The Lithuania Tribune2013.04.26 12:04

Bigger families, weddings or divorces, children starting their own families – these are the main reasons for Lithuanians to change their place of residence, writes www.delfi.lt. 

Bigger families, weddings or divorces, children starting their own families – these are the main reasons for Lithuanians to change their place of residence, writes www.delfi.lt.

“Our research shows that more than half of Lithuanians spend their entire lives in their original homes. Most Lithuanians fear the changes involved with moving – so they don’t move. They need a serious reason to change homes. In most European Union countries, real estate owners do not stay in the same home for longer than seven years,” said manager of Domoplius.lt, Evaldas Narbuntovičius.

Research revealed the most common reasons for Lithuanians to move homes include:

  1. Bigger families. An increased number of family members is one of the most common reasons mentioned by the buyers of new accommodations. Often, the original home becomes too small for the larger family, so many decide to change it.
  2. Changes in personal life. As partners decide to settle down together, often one or both of them have to sell their current homes. The opposite scenario, divorce, is also a relevant scenario; then, one or both spouses have to search for new accommodations.
  3. Grown-up children. As children grow up, they create their own families and leave their parents’ homes. Parents usually decide to economise, so they move to smaller flats. They often search for a flat on the first or the second floor, so that they have to climb fewer stairs.
  4. New job and increased wages. A new work place and higher wages can also have an impact on where people live. “In Lithuania, the distance between cities is not huge, but often when people from Kaunas get a job in Vilnius, they decide to change their location. In such cases, new residence can save time spent on the commute,” Narbuntovičius said.
  5. Rethinking first purchase. Property owners sometimes realise they have made a mistake when buying their first flat. For example, at first an owner may have thought that a flat with two rooms is large enough; however, as time goes by, they discover that even three or four rooms are not enough.
  6. Lifestyle changes. Making a change of flat or residence can also be driven by a change in lifestyle. Instead of owning real estate, people might prefer travelling or indulging in other hobbies without the responsibility and financial burden of real estate.

Elderly relatives. As people age, they often wish to spend more time with family. Parents want to be closer to children, grandparents closer to grandchildren. Often elderly homeowners sell or rent their former properties and move in with their children or settle down in neighbourhoods near them. 

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