1 in 10 Leicester properties sold to Londoners in 2018

Updated: September 14, 2018

Londoners are selling up, leaving the capital and heading to Leicester in higher numbers than ever according to Hamptons International.

map of leicester

Data released by Hamptons International has revealed that people left London in greater numbers than ever before, in the first half of 2018.

First-time buyers are increasingly being forced to consider alternatives to London due to the lack of affordable options in the capital.

For the price of a small flat in London a homebuyer can afford a large detached property in the Midlands.

According to Hamptons, over 30,000 Londoners sold their homes to leave the capital - a 16% increase on the same period in 2017.

In 2017, one in 17 moved to the Midlands. Birmingham and Leicester are firm favourites due to the affordability of housing and the quality of local services, including schools and hospitals.

Are you planning a move to Leicester?  Speak to one of our conveyancing solicitors in Leicester.

Leicester is one of the top 10 cities to visit in the UK

Leicester in particular saw 10% of properties being bought  by Londoners in the first half of 2018.

Leicester has a lot going for it, socially and commercially, and it is easy to see why it would be a target for those moving away from the capital.

The 10th largest city in the UK, Leicester was voted one of the top 10 cities to visit in the UK by Lonely Planet.  The city has an unusually high proportion of green space, has great transport links, is culturally diverse, and has first-rate public services.
 

Gaynor Haliday, Legal researcher

About the author

Gaynor Haliday is an experienced legal researcher and published author. She has had numerous articles published in the press and is a legal industry commentator.

Read more about this Quittance Legal Expert