X

Sign Up

or

By signing up I agree to Property Tribes Terms and Conditions


Already a PT member? Log In

Sign Up

Sign Up With Facebook, Twitter, or Google

or


By signing up, I agree to Property Tribes Terms and Conditions


Already a PT member? Log In

Log In

or


Don't have an account? Sign Up

Forgot Password

To reset your password just enter the email address you registered with and we'll send you a link to access a new password.


Already a PT member? Log In

Don't have an account? Sign Up

  • Property-a-holics

    London equity fuels regional housing markets



    Londoners paid some £30 billion on homes elsewhere in the UK this year - the highest amount since 2007.

    A report from Countrywide’s high-end brand Hamptons International says the previous high spent by Londoners outside the capital was £37 billion in 2007.

    Londoners purchased 74,350 homes in other parts of the UK in 2018, 3.8 per cent more than in 2017. This year they paid an average of £398,910.

    Approaching 80 per cent of Londoners leaving the capital in 2018 moved elsewhere in the southern half of the UK but there were buyers further afield too.

    Aneisha Beveridge, head of research at Hamptons International, says: “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".

    Full/source article 

    The south east was the largest beneficiary of this equity release, followed by the East of England.

    SEE ALSO  -          Spotlight: London investment property market

    UP NEXT -              Spotlight: Prime London property market

    DON'T MISS -         Prices in regional cities expected to surge!

    NOW WATCH:

    1
    0