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

Five bedroom new property for sale at The Square, Dringhouses, York YO24 . On with Hudson Moody for £575,000

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.