The number of Londoners buying homes outside of the capital rose last year (Picture Getty/ Nicholas Rigg)
For the past year we’ve been at home more than ever before – something that has got lots of people thinking about the area they live in and the property they own (or hope to own).
As a result, the trend for London life is dwindling, as people look to more spacious properties with gardens further afield. Plus, with working from home likely to be the future of work, this extra space has gained new importance.
In fact, more Londoners bought property outside the capital in 2020 than in any of the previous three years.
Research from Hamptons International shows the average age of Londoners buying homes outside of the capital has dropped – it’s now just 39, compared to 47 previously.
So this is becoming a priority for people earlier in life.
The average London leaver spent £358,000 on their home outside the capital, which is a staggering £100,000 less than the average house price in the city.
Hamptons International has also named the top 15 towns and areas that have seen the biggest increase in the percentage of homes bought by Londoners – and it looks like southern England dominates the rankings.
So, while movers want to get out of the capital, it seems they don’t want to stray too far.
Areas with biggest increase of homes bought by London leavers:
1. Sevenoaks, Kent
2. Windsor & Maidenhead, Berkshire
3. Oxford, Oxfordshire
4. Rushmoor, Hampshire
5. Eastbourne, East Sussex
6. Wokingham, Berkshire
7. Stevenage, Hertfordshire
8. Luton, Bedfordshire
9. Epsom & Ewell, Surrey
10. Brighton & Hove, East Sussex
11. Gravesham, Kent
13. Spelthorne, Surrey
14. Surrey Heath, Surrey
15. Basildon, Essex
Commenting on the findings, Hamptons International’s head of research Aneisha Beveridge, said: ‘Historically, most homeowners leaving London did so for life-stage reasons and to take advantage of being able to buy a larger home, but for others, leaving London is the only way of getting onto the housing ladder.
‘As a result, the average age of someone leaving the capital to purchase a home has fallen to the lowest level on record.’
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