For a long time, London had always held a certain appeal amongst ambitious young people, students, professionals, and those keen to make their mark on the English capital. According to house market news, more people than ever before are moving out of London and heading to the North. During the first six months of 2018, 21 percent of Londoners moved to the North or the Midlands — a 6% rise when compared to the start of 2008. But what’s making so many people leave London behind?
When it comes to property, it’s easy to see the reasoning behind moving North. Over the last ten years, house prices in London have increased by 70%, with the average rent priced over £2,000 a month and property prices sold at £671,412 on average. Paired with higher costs of transport, food, and socialising, it’s clear how living in London would put a strain on most people, but even more so for those on or keen to join the property ladder.