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London less popular as house prices soar
24/08/2007

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Thousands of people moved out of London last year as house prices hit record levels.

Figures from the Office of National Statistics showed that in the year to September 2006, 722,000 people quit the capital for elsewhere in the UK.

During the same period, only 485,300 people moved in the opposite direction.

While there are likely to be a number of factors influencing this trend, house prices are sure to have played a part.

The capital resisted the slowdown that began to affect some other parts of the country in 2006.

City bonuses and sustained demand continued to push up prices, forcing many people either to rent or move elsewhere to get on the property ladder.

Earlier this week, a Design for London report warned that families in particular were being pushed out of London because dense housing was leading to a lack of amenities.

"There is a definite concern that families are being pushed out of London and moving to places outside of London where they can commute in from," said Stephen Newman of the consultancy HTA, which contributed to the report.

"This is largely due to lack of amenity. London's got loads of parks but families want somewhere where kids can go and play."
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