People who are tired of living in London head for the Home Counties, including Essex and Kent, for a quieter and more relaxed existence, according to research by comparison website Gocompare.com.
The findings, which focus on Office for National Statistics figures from 2014, reveal that millions of people move throughout the UK every year for a wide number of reasons.
Almost 3 million British people – roughly one in 20 people – moved from one part of the country to another in 2014.
People in their late teen years and twenties tend to migrate into major cities like London, Manchester and Birmingham. Some 14% of people who move in their twenties head to the capital, while 24% of those aged 16-19 decide to relocate to either London, Leeds, Nottingham, Manchester, Sheffield, Birmingham or Manchester.
By contrast, people in their thirties are more likely to be moving outwards, perhaps fed up of the hustle and bustle and the fast-paced nature of life in global cities such as London. They tend to make for the Home Counties, with Surrey, Essex, Kent, Hertfordshire and Hampshire the top locations for those escaping the capital.
Interestingly, 15% of moves made by Brits aged between 30 and 39 were to either the Home Counties or Scotland.
Essex and Kent – two areas where Balgores Property Group operates extensively, with branches ranging from Gravesend to Hornchurch – are also included when it comes to the counties with the highest rates of net migration (this is when a lot more people move into a place than out).
At the other end of the scale, London, Birmingham, Bradford and Manchester were the biggest losers when it comes to internal migration, with 68,634, 5,137, 3,336, and 3,076 people moving elsewhere respectively.
Meanwhile, the most common age for people moving within the UK is 19, with many around this age heading off for further studies or university when they hit their late teen years.
The second most common age for people moving within the UK was 22 – this might be those who have landed their first big job after university or those who decide to head to the bright lights of the likes of London or Manchester to live the big city life.
Looking at things from a gender basis, women are a lot more likely than men to move in their twenties and early thirties. They also accounted for 52% of everyone who moved in the UK in 2014.
However, after the age of 35, men are more likely to branch out and move somewhere new.
As a property seller or landlord, you can take advantage of this extra demand.
For more information about the services Balgores Property Group offers, please visit one of our many branches in Essex or Kent.
To discover how much your property could be worth in the current marketplace, please check out our handy instant online valuation tool.
