North a mag­net for Lon­don­ers

Yorkshire Post - Property - - PROPERTY NEWS -

MOV­ING: More Lon­don­ers than ever be­fore are leav­ing the cap­i­tal to head north.

New anal­y­sis pub­lished to­day by Hamp­tons In­ter­na­tional shows that in 2016 the num­ber of Lon­don­ers buy­ing a home out­side the cap­i­tal reached the high­est level since 2007. One in five headed to Northern Eng­land or the Mid­lands. A record 40 per cent of first-time buy­ers liv­ing in Lon­don ended up buy­ing out­side the cap­i­tal. Johnny Mor­ris, Head of Re­search at Hamp­tons In­ter­na­tional says: “With af­ford­abil­ity in the cap­i­tal stretched, more Lon­don­ers are look­ing else­where to buy their first home. More too are likely to go fur­ther afield.”

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