Why are Londoners swapping the capital for the Home Counties?

Why are Londoners swapping the capital for the Home Counties?

The Home Counties are the place thirtysomethings head to when they are fed up with London, new research by Gocompare.com has revealed.

The findings showed that millions of people move around the UK every year, whether it’s for work, love, a new start or something else.

In 2014, nearly 2.9 million Brits – roughly one in 20 people – swapped one part of the UK for another.

While it’s common for those in their late teens and twenties to head towards the excitement, buzz and opportunities of London, what happens to these same people when they tire of the chaotic nature of the capital and look to move elsewhere?

Equally, where do those over 60 head to as they start to think about retirement?

Gocompare’s data, based on findings from the ONS Internal Migration series which documents residential moves between local authorities and regions in England and Wales, as well as moves to Northern Ireland and Scotland, showed that 14% of people who move in their twenties head to London.

Meanwhile, teenagers flying the nest tend to relocate to the major cities of the UK, with 24% of those aged between 16 and 19 moving to either London, Leeds, Nottingham, Manchester, Sheffield, Birmingham or Manchester.

When it comes to people in their 30s moving out of London, the Home Counties very much dominate, with Surrey, Hertfordshire, Essex, Kent and Hampshire the top destinations for this demographic.

Of moves made by British people aged 30-39, the findings revealed that 15% are to either the Home Counties or Scotland.

The counties with the highest rates of net migration – where a lot more people move in than out – were Essex, Kent, Devon, East Sussex and West Sussex.

Once again, these counties are particularly popular with those moving out of London (ex-Londoners make up 30% of the people moving into the above areas).

The biggest losers of internal migration were London, Birmingham, Bradford and Manchester. These major cities lost 68,634, 5,137, 3,336, and 3,076 people respectively, with London clearly the worst affected.

While those choosing to vacate the capital generally relocate around the Home Counties, those escaping Birmingham and Manchester tend to seek out suburbs nearer the city centre such as Solihull and Trafford.

Unsurprisingly, the most common age of people moving within the UK is 19. This is often the age, give or take, when people relocate for further studies or university, flying the nest to spend three years (or more) at one of the UK’s many universities, from Exeter to Edinburgh. The second most common age was 22, a time when people might move to a big city for their first big job or a new home.

From a gender perspective, women were responsible for 52% of everyone who moved in the UK in 2014, with similar figures expected for last year and this year. Women were a lot more likely to move in their twenties and early thirties than men. After the age of 35, however, this changes, with men then becoming more likely to move houses.