1 in 4 people plan to move into a new home in 2014

Meanwhile, the number of young adults living with their parents has increased by 25 per cent

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The Independent Online

A quarter of adults in the UK are hoping to move into a new property this year, according to new figures.

Research by Ocean Finance suggests just over 26 per cent plan to rent or buy a new home, a figure rising to nearly 47 per cent for those aged 18-24.

Latest figures for young adults living with their parents released today by the Office for National Statistics show that 3.3 million 20-34 year olds lived with their parents in 2013, an increase of 25 per cent since 1996. One in three men aged 20-34 lived with their parents compared with one in five women

Of the 25 to 34-year-old age group in Ocean's study, more than a third  plan to get a new place in the next 12 months compared to one in 10 of over-55 year olds. People living in East Anglia seem to be the happiest in their current homes, with only around a fifth considering a move.

Wanting more space and relocating for a job were the main factors for moving, although 10 per cent simply wanted to move to a nicer area.