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Londoners selling up in record numbers to move north
Record numbers of London homeowners are selling up to buy cheaper property in the north and Midlands, using profits made in the capital to splurge on bigger homes. Research by agents Hamptons International found the proportion of Londoners leaving the capital for northern England or the Midlands had tripled since 2010. The average Londoner quitting the capital pays £424,610 for their new property, enough to buy a large detached house in a good suburb of Birmingham but which only pays for a two-bed flat above a shop in east London. Aneisha Beveridge, research analyst at Hamptons, said: “With affordability ... (full story)
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- Edited 8:49am Aug 27, 2018 8:31am | Edited 8:49am
- kenleander
- | Joined Aug 2010 | Status: Member | 707 Comments
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- Aug 27, 2018 5:43pm Aug 27, 2018 5:43pm
- Erebus
- Joined Jul 2011 | Status: Member | 105 Comments
If you trade like me, you'll be homeless and broke within a week.
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