Boltholes far from the bright lights
seen across Great Britain as a whole. But other trends help explain the migration, says Fionnuala Earley, residential research director at Hamptons.
“While affordability has been pushing people out of London for a while, a combination of flexible working patterns, improved broadband infrastructure, especially in the South West, and faster train routes have made it much easier for people to live further way from London,” she says. “Many people now work remotely and the popularity of Bath, for example, is helped by the reduction in train journey times into London.”
The Hamptons/Lon Res analysis revealed that the most popular places for Londoners to move are Hertsmere in Hertfordshire and Tandridge in Surrey, where 60 per cent of the homes sold were bought by those leaving the capital.
Wellingborough and Northampton are the most popular in the Midlands region, with 11 per cent and nine per cent of homes sold to Londoners respectively. Liverpool and Manches- ter are the magnets of the North, with the relocation of the BBC from London to Salford’s MediaCityUK a contributing factor. In both of these big northern cities, seven per cent of sales were to ex-Londoners.
“Seventy-five per cent of London leavers stay in the South and many of the most popular areas there are in the ‘ stockbroker belt’ commuting locations, where a greener lifestyle, education and greater affordability of housing drive demand,” adds Earley.
The need to have more space was behind Andrew Johnson’s decision to swap a two-bedroom flat in Fulham, south-west London, for a three-bedroom cottage with half an acre in the village of Paley Street, near Maidenhead ( where Theresa May recently
This home near Maidenhead, above, is £725,000 with Hamptons; Simon Edge and Pippin, in Suffolk, right