The real estate boom in the UK rural relocation pandemic was driven by record levels Londoner Buy outside the capital-and will continue until the end of the year.
A new forecast shows that the number of houses purchased by Londoners in 2021 Hometown County It will reach 108,000 and exceed the 100,000 mark for the first time since 2007.
In the first six months of this year, when the United Kingdom was under lockdown, people who fled the capital purchased 61,830 properties. This is the highest half-year figure since real estate agent Hampton began recording such data.
From January to July, Londoners accounted for 8.6% of all buyers outside the capital, up from 6.6% in 2020.
The combination City housing prices are high The rise of flexible work has prompted homeowners to cash in in their urban apartments and houses, and look for larger houses with gardens in the suburbs and small towns and villages.
“The pandemic-driven city migration shows no signs of slowing down. Aneisha Beveridge, head of research at Hamptons, said that although the lockdown has eased and offices, restaurants and offices have reopened, Londoners are still reassessing where they want to live. Many The person proposed a future plan to relocate.
She explained: “Although London attracts more buyers from outside the capital than before the pandemic, this number is still relatively low compared to the number of people leaving, which means that London’s population may decline this year. “
Work in the country or on the coast
Believing that more people will be able to work from home more time, Londoners seize the opportunity to go further than ever.
The average price for Londoners to buy outside the capital is 34.6 miles, which is an increase of 12% or 3.6 miles from 2019 before the coronavirus swept the world.
Although 60% of Londoners who relocate chose the suburbs and small towns, one third moved to the suburbs Rural area According to Hampton, more people are paying attention to coastal areas such as Whitstable and Margate.
Research shows that 41% of people stayed in the wider southeast, while 27% moved to the east of England.
First-time homebuyers ascend the ladder outside London
As more young people and junior workers are affected by the vacation plan, the affordability of first-time homebuyers in London has become more strained.
Therefore, driven by the stamp duty holiday, more first-time buyers choose to climb the ladder outside the capital.
They chose affordable convenience, amenities and culture. In the first half of this year, this group of buyers accounted for a quarter of purchases outside of London-the highest percentage on record.
The Hampton report reads: “This proportion has been increasing over time, but the pandemic has accelerated this change.” First-time homebuyers spent an average of £318,300 on their first home outside the capital. . This is 160,000 pounds less than the people who sold their houses and moved in London.
However, the influx of home buyers into small towns and villages has also exacerbated the affordability crisis in rural areas.
A recent report by Hampton shows that rural house prices in England and Wales are rising twice as fast as cities. One of the hot spots is West Sussex, as people move from London.
