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Tired of life? No, just tired of London: record £55bn spent buying homes outside the capital
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theguardian.comLondoners bought more than 112,000 homes outside the capital this year –in the biggest “great escape” from the capital since 2007 as the coronavirus pandemic drove people to seek more space to comfortably work from home.
The number of homes bought by Londoners outside the capital increased by 62% compared with 2020 and is the equivalent of creating two new cities roughly the size of Leeds, according to estate agent Hamptons.
Aneisha Beveridge, the firm’s head of research, said:“City leavers have changed the geography of not only the commuter belt, but smaller towns and cities across southern England.”
Beveridge said that while most (57%) of those leaving London were selling a home in the capital and buying a new one elsewhere, a record number
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