Despite the difficulty of moving house during the pandemic, the number of Londoners buying homes outside of the capital rose last year. In fact, more Londoners bought property outside the capital in 2020 than in any of the previous three years, as working from home made leaving London a less daunting prospect. Research by Hamptons International also found that the average age of Londoners buying homes outside of the capital has dropped considerably. It’s now just 39 – compared to 47 a decade ago. The average London leaver spent £358,000 on their home outside the capital – a full £100,000 less than the average house price in the city. Just under a quarter of London leavers were first-time buyers keen to get on the property ladder. Nearly seven in 10 London leavers bought homes elsewhere in southern England. Hamptons International have named the following 10 towns as fast-growing hotspots for Londoners buying homes outside the capital. Sevenoaks, KentWindsor & Maidenhead, BerkshireOxford, OxfordshireRushmoor, HampshireEastbourne, East SussexWokingham, BerkshireStevenage, Hertfordshire Luton, BedfordshireEpsom & Ewell, SurreyBrighton & Hove, East Sussex Hamptons International’s head of research, Aneisha Beveridge, said in response to the findings: “Historically, most homeowners leaving London did so for life-stage reasons and to take advantage of being able to buy a larger home, but for others, leaving London is the only way of getting onto the housing ladder. “As a result, the average age of someone leaving the capital to purchase a home has fallen to the lowest level on record – just 39 years old, down from 47 ten years ago.” Though southern England remains most popular for London leavers, the research also found that growing numbers are relocating to the Midlands and the North. Some 13% of London leavers bought property in the North last year – up from 8% in 2016 – and 15% purchased in the Midlands. Beveridge noted that for many first-time buyers, getting on the property ladder means “moving further afield to areas such as the Midlands and North where they can get more for their money.” Like what you see? How about some more R29 goodness, right here?This Many London Renters Are Planning On LeavingHow The Pandemic Made Us Obsessed With Our HomesEverything I Wish I'd Known About Buying A House
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As many of us approach a full year of working from home, it looks as though flexible work weeks are here to stay – one survey found that nine in ten millennials now expect one. And as the lines between “work” and “home” have inevitably blurred, we’re prioritising a healthy work-life balance to an even greater extent. With this in mind, it’s reassuring to read a new study which ranks the UK as the world’s second best country to be a “digital nomad” – someone works remotely on a permanent basis. Though broadband and mobile internet speeds in the UK don’t compare favourably to other countries in the top ten, remote working seems to have caught the imagination here. Only Canada is registering a greater number of Google searches for “remote jobs”. Canada finishes top of the Digital Nomad Index compiled by Circle Loop with an overall digital nomad score of 74%. The index takes into account various factors including broadband and mobile internet speeds, the average monthly cost of WiFi and the average monthly rent for one-bed flat. Also factored in are the country’s acceptance of migrant workers, its World Happiness Index score and the number of Google searches for remote working there. Romania, third on the list, looks like the best value place for remote working. The average monthly rent for a one-bed flat there is just £283 – less than half the UK average of £808. With the exception of Canada and Australia, the top ten is made up exclusively of countries in Europe. Check out the final results in the table below. Like what you see? How about some more R29 goodness, right here?The Best European Countries For Work-Life BalanceThe Literal Pain Of Working From Home7 Managers Explain How To Get A Raise At Work
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