December 27th 2024.
Is it time for you to leave the capital? Are you tired of the hustle and bustle of London? If so, you're not alone. Many Londoners are choosing to leave the city in search of a better quality of life. With the effects of COVID and the rising cost of living, more and more people are making the decision to move away from the capital.
In fact, this year saw the lowest rates of London outmigration in the past decade. Only 5.7% of homes purchased outside of London were bought by Londoners, which accounts for 50,020 properties. This decrease can be attributed to a variety of factors, such as the return to normality after the pandemic and falling house prices in London.
But where are these London leavers choosing to relocate? The most popular destinations for them include Brentwood, Epsom and Ewell, and Mole Valley. Interestingly, the average distance from London for these movers is only 45.4 miles, with many opting for locations in Essex and Kent due to their convenient transport links to the capital.
It's not surprising that these areas are popular among Londoners, as they offer a quieter, more relaxed lifestyle while still allowing for an easy commute to the city for work. And it seems that this trend will continue, as Londoners accounted for 74% of homes bought in Epsom and Ewell last year.
Other desirable destinations for London leavers include Tonbridge and Malling, Chelmsford, and Colchester. However, it's important to note that life outside of the capital isn't always perfect. While some have found a better quality of life, others have realized that they miss the hustle and bustle of London and the diverse culture it offers.
The rise of remote working has also played a role in the decision to leave London. Many have questioned why they're paying high rent prices to work from home, and the increasing cost of goods and services has also been a contributing factor. But for some, the move has been a positive one, with one Reddit user stating that leaving London was one of their best decisions.
Overall, it's clear that the desire to leave the capital is growing, and it will be interesting to see how this trend continues in the future. For the latest news and updates from London, be sure to visit Metro's London news hub.
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