The 10 property hotspots for migrating Londoners
Manchester is the most popular city for Londoners looking to relocate elsewhere in the UK, new Rightmove data can exclusively reveal.
Our research shows that the northern powerhouse is the most popular place people living in the capital are thinking of moving to, based on the number of email leads sent to estate agents across the country.
England’s second city Birmingham is number two on the list, with Liverpool in third, while cities on the commuter belt, Chelmsford and St Albans, were fourth and fifth in the Rightmove table.
Rightmove figures show that average asking prices in London are at £593,972. The priciest borough in the capital was Kensington and Chelsea (£1,529,412), while the least expensive was Barking and Dagenham (£305,757).
In London, the price of property coming to market has fallen by 1.5% (-£9,024) this month. The larger-than-usual seasonal fall has reduced average new seller asking prices to below £600,000 for the first time since August 2015, and well below their peak of nearly £650,000 in May 2016.
The knock-on effect of people in inner London cashing in and opting to move north instead of to the traditional commuter belt has seen prices in the South East slow down.
Rightmove property expert Miles Shipside said: “It’s no secret that London house prices are significantly higher than other major cities across the UK.
“It may well be the case that people looking to start families and set down roots choose do so in an area where they expect to have more room to expand.”