Where did Londoners move to in 2024

Research from Metro shows that those who chose to move home didn’t actually move that far away.

With a 430g pack of chicken costing on average almost double in London than the rest of the UK, it's no wonder some people are choosing a change of scenery to save a few pennies.

Metro reported movers purchased properties an average of 45.4 miles outside of the city in 2024. The most popular areas were Epsom and Ewell, Brentwood, and Mole Valley.

Below is the list of most popular destinations in 2024:

Location Percentage bought by Londoners in 2024
Epsom and Ewell 74%
Brentwood 47%
Mole Valley 35%
Colchester 27%
Tonbridge and Malling 26%
Rushmoor 25%
Chelmsford 24%
North Hertfordshire 21%
Swale 19%
Huntingdonshire 18%

One reason people decided to make the move was due to the increase in the ability to work from home. Many people questioned why they are paying a huge amount on rent or a mortgage when they could work from elsewhere and pay a lot less.

The other reason is the cost of living in London being a lot higher.

Some people love the hustle and bustle of London life and accept they have to pay for it, whereas others are happy with a more rural way of life and living their life as opposed to just surviving in some cases.

Recent posts

The Financial Conduct Authority (FCA) has shared new changes to mortgage rules with the aim to simplify remortgaging, and encourage competition within the mortgage market.

Lloyds Banking Group has jumped on the bandwagon to boost lending for first-time buyers as they allocate an additional £4 billion to help first-time buyers on to the property ladder.

As the Loan to Income (LTI) cap has been increased to 5.5 times income, applicants who fit the First Time Buyer Boost criteria could borrow up to 22% more. 

The government is introducing mortgage reforms to boost homeownership, stimulate economic growth, and make the housing market more accessible, especially for first-time buyers.

Chancellor Rachel Reeves has announced the most significant mortgage reforms in over a decade—great news for those dreaming of homeownership.

Nationwide ease their ‘Helping Hand’ mortgage designed to help first-time buyers get onto the property ladder by allowing them to borrow up to six times their income.

 

Keeping the kids entertained over the six-week summer holidays isn’t always easy, especially with the cost-of-living making it even more difficult. Below is a list of fun, inexpensive ideas to do over the break

The Financial Conduct Authority (FCA) has published a discussion paper about the future of the mortgage market in a bid to improve access for first -time buyers, self-employed, and those borrowing in retirement.

Ever wondered where the most reasonably-priced towns for families to buy are? Property company, Zoopla has identified the top 10 towns for families to live in the UK by looking at the most affordable towns, and how many people are looking in that area.

There was a 32% increase last year in 100% loan-to-value (LTV) mortgages which are mortgages that require zero deposit. According to a recent report by chartered accountants and business advisers, Lubbock Fine, the reason behind this is buyers simply struggling to save enough for a deposit.