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Old November 30th, 2014, 06:20 PM   #1
wjfox
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Young Londoners flee capital for the regions

Young Londoners flee capital for the regions

Saturday 29 November 2014 11.50 GMT

Ambitious thirtysomethings are leaving London in droves. Record numbers are turning their backs on the capital and flocking to England’s regional cities, according to an analysis of official data that suggests a significant exodus from London is under way.

Figures released by the Office for National Statistics show that, in the year to June last year, 58,220 people aged 30-39 left the capital – the highest number on record and a 10% increase on 2010.

[...]

Soaring house prices in London since June 2013 are also likely to have accelerated the outflow.

House prices in the capital have risen by 19% in the past year alone. The average property in London now costs £402,800, according to Hometrack: the UK average is £185,700.

This may be one reason why Birmingham has become the favourite destination for those in their 30s fleeing the capital.

Read more: http://www.theguardian.com/uk-news/2...n-house-prices


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Old November 30th, 2014, 06:31 PM   #2
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Can you blame them? I'd move to Bristol or Manchester tomorrow if there were any jobs there for me.
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Old November 30th, 2014, 07:10 PM   #3
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Am I surprised? Not really, unfortunately. London is a fantastic, amazing city, but it's overpriced beyond all reason.
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Old November 30th, 2014, 08:41 PM   #4
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Happy for Birmingham, Sheffield, Liverpool etc.
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Old November 30th, 2014, 09:31 PM   #5
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With greater investment in improved infrastructure and connectivity across the UK, I think other regions of the country will benefit from the high prices in London. Hopefully things will begin to even out somewhat in the future. Look at the investments in Manchester in the light rail system there.
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Old November 30th, 2014, 10:21 PM   #6
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Far more people in their 20s migrated to London than people in their 30s that left.
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Old November 30th, 2014, 10:28 PM   #7
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Quote:
Originally Posted by SE9 View Post
Far more people in their 20s migrated to London than people in their 30s that left.
Stats to back that up out of interest? I'd be very interested to see that.

I know that I have considered returning to the UK as an option following my time in Sweden. I would love to go to London, but it's too expensive, so I am looking elsewhere now. A shame really as I would really love to live there, but refuse to raise a family in a shoebox (that's one of the reasons I am considering outside of Stockholm, because reasonably priced areas here suck).
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Old November 30th, 2014, 10:34 PM   #8
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Quote:
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Stats to back that up out of interest? I'd be very interested to see that.
Office for National Statistics: Focus on London Moves (released 13 November 2014)
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Old November 30th, 2014, 10:43 PM   #9
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Cheers for that!
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Old December 1st, 2014, 03:01 AM   #10
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They need to build more highrises and get rid of or at least part of the greenbelt curtailing London and choking it to death. As long as there are such severe limits on construction, prices will sinply rise higher and higher, benefitting a few rich people and driving more and more middle class people out of the city.
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Old December 2nd, 2014, 03:11 PM   #11
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I partly agree but the problem with removing even a small part of the green belt, or even a huge part - it would instantly be built over and still nothing would change.
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Old December 3rd, 2014, 09:20 AM   #12
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Still cheaper than Vancouver which is about $640k CDN.........most expensive in NA and conversely amongst the lowest income cities in the country. It's all Chinese money.
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Old December 3rd, 2014, 02:23 PM   #13
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Why sacrifice greenbelt? Just build taller and denser.
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Old December 3rd, 2014, 03:52 PM   #14
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The UK should encourage more migration and investment in cities outside of London such as Birmingham, Liverpool, Bristol, Manchester, Leeds, Newcastle, etc.
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Old December 4th, 2014, 07:55 AM   #15
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Yes, I'd criticize the UK for being FAR too centered around London. It's too dominant and the country as a whole would benefit if other cities grew in prominence.
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Old December 4th, 2014, 10:42 AM   #16
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"building more highrises" has never solved any town planning problem ever. Best way to deal with this is just accepting on an individual basis that paying double for costs of living in London compared to some other city in the UK is probably not going to give you two times the amount of happiness.
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Old December 4th, 2014, 01:19 PM   #17
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Quote:
Originally Posted by Jan View Post
"building more highrises" has never solved any town planning problem ever. Best way to deal with this is just accepting on an individual basis that paying double for costs of living in London compared to some other city in the UK is probably not going to give you two times the amount of happiness.
Yes, but then we come back to this:

Quote:
Originally Posted by diablo234 View Post
The UK should encourage more migration and investment in cities outside of London such as Birmingham, Liverpool, Bristol, Manchester, Leeds, Newcastle, etc.
In London you have jobs but you can't afford a house. In Manchester you can afford a house but you don't have any jobs. Take a pick.
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Old December 4th, 2014, 03:03 PM   #18
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Yeah I know plenty of cities and towns in the North of England who could really use the investment. Actually if the HSR2 line gets built and is opened you might see more companies/people relocate to those cities from London since you would still have easy access to London but with the lower cost of living.
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Old December 4th, 2014, 03:21 PM   #19
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No. Train commuting to London is stupidly expensive.
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Old December 4th, 2014, 04:02 PM   #20
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I was thinking more in terms of short business trips and for employees who may only have to be at the London office for say two-three days per week. Although I think it is relatively common in Japan for commuters to use HSR for their daily commute.
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