Barratt Homes has analysed more than a million internal home moves in the UK in 2016 to show which regions have the largest shifts in population and where people are moving to and from.
The figures, taken from Land Registry data, have revealed that the South East region, including those counties surrounding the capital, saw almost 240,000 people relocate there – the highest of any region.
According to the data, the South West region saw the largest net levels of growth – the overall population grew by more than 30,000 people here.
However, at the other end of the scale, London had almost 200,000 people move in to the capital but correspondingly saw close to 300,000 move away to other regions and was the only region with a net fall in people.
Younger movers are the most prolific, with more than 300,000 people aged 20-24 moving during 2016. More than 25,000 people aged 20-24 relocated to London, coming in part from regions such as the West Midlands, Wales and Yorkshire, who all saw younger people move away
A spokesperson for Barratt Homes said: “The extent to which people are relocating throughout the country highlights the draws and appeals of every region of the UK. As a homebuilder it’s important for us to have a nationwide understanding of where and how people relocate.”
Unsurprisingly, internal relocation is greatest between neighbouring regions. The majority of those relocating from London went to the South East (>110,000) and the East (>73,000), where proximity to the City is likely to still be a deciding factor. Similarly, those in the North East moved to Yorkshire (>10,000) and the North West (>7,000), perhaps so as to remain close to their roots.
London does attract significant movers from other regions though, attracting more than 28,000 people from the North West and Yorkshire combined. It is the second-most popular region for Scottish movers, possibly driven through greater accessibility to jobs and higher average salaries.
The North West, covering major metropolitan areas such as Manchester and Liverpool, has secured relative parity in terms of relocation, even amongst the most mobile age groups. Between the ages of 20-39, fewer than 63,000 people moved to the North West while an almost identical 61,000 went in the opposite direction.
A Barratt spokesperson continued: “When homeowners choose to move to a new area of the UK, even if that’s a neighboring region, they’re making a big decision about where they plan to spend the next stage of their life. It’s fascinating to see where the levels of relocation are fairly evenly balanced, and where there is the most growth, such as the South West region for instance.”