The number of people leaving the capital has reached a
5-year high, with net departures to homes elsewhere in the UK reaching 93,300
people in the year to June 2016 – an increase of more than 80% on five years
previously according to the ONS.
Apart from people in their 20’s there is a net outflow
across all age groups with thirty-somethings being most likely to look for
somewhere more affordable to buy a family home.
Those who live in the Capital’s richest boroughs are more likely
to move to more affluent areas. People in
Kensington and Chelsea tending to move to Cambridge; Westminster residents
heading to Oxford and those in Hammersmith and Fulham moving to Elmbridge in
Surrey. Other popular places for
relocation include St Albans and Slough.
It is perhaps no surprise that the popular new places remain
within communing reach of London, and have vibrant community, social and
cultural attractions. As I have predicted
in this blog, these people are looking for family homes or 3 beds or more, ease
of access to train and road links to London, and proximity to open spaces,
supermarkets and social venues. I expect to see these properties to increase in
popularity for both buyers and renters over the coming 2 or 3 years.
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