One in five Londoners moved to the Midlands or North in 2018, according to the latest data from Hamptons International.
With house prices in the capital out of reach for many, Londoners are increasingly looking outisde of London when buying a home.
In 2018, Londoners purchased £30 billion worth of property outside of the capital; the highest level since 2007.
The average Londoner spent £398,910 on their home outside the capital, saving approximately £80,000 compared to the average London home.
The most popular destination for London leavers
Broxbourne was the most popular destination for Londoners, with over 70% of homes in the area purchased by Londoners in 2018.
Sevenoaks, Bath and North East Somerset were also popular destinations in 2018, with Londoners purchasing over half of all homes in those areas.
% of homes bought by Londoners outside London
- Broxbourne, 72%
- Sevenoaks, 52%
- Bath and North East Somerset, 52%
- Daventry, 17%
- Middlesbrough, 16%
- Doncaster, 13%
- Liverpool, 10%
- Stoke-on-Trent, 7%
Commenting on the latest data, Aneisha Beveridge, Head of Research at Hamptons International, said: “Historically most people moving out of London have done so because of changing priorities, such as starting a family or generally wanting a slower pace of life.
“But increasingly as affordability in the capital is stretched, more households are looking beyond the confines of London to buy their first home. For many this means moving further afield to areas such as the Midlands and North where they can get more for their money.”