Where is currently the most popular place to move to in the UK?

Where is currently the most popular place to move to in the UK?

New data from Urban.co.uk has revealed the top places people are moving to in the UK, but where came out on top?

The online estate agent analysed ONS internal migration statistics to determine which cities in England and Wales are the most popular to move to, and for which age groups.

Birmingham was the only city considered a top ten destination to move to consistently across all age groups (18 to 21, 22 to 29, 30 to 64 and over 65s). Other key findings include:

• Birmingham, Manchester, Nottingham and Leeds are all becoming increasingly attractive options compared to London for those aged between 18 and 21

• The 22 to 29 age group are also heading north, with many favouring Birmingham, Manchester and Leeds over and above the more traditionally popular London boroughs of Islington and Hackney

• Birmingham found to be the most popular location for the 30 to 64 age group

• Over 65s found to favour leafier regions, with Wiltshire and Cornwall coming in at the top.


Young snub London in favour of the North

The data reveals some startling trends about young people and how they are turning away from to the country’s capital.

According to figures, Birmingham was London’s biggest rival for all those aged under 65. In the over 30 category, Birmingham topped the popularity table, seeing almost 12,500 making the move to the city during the 12-month period. This trend is also matched by those aged between 22 and 29, with the city being named as the third most popular, coming in above previously popular London boroughs such as Tower Hamlets and Southwark.

Birmingham remained in the top five of migration destinations for the 18 to 21 age group, with Leeds, Nottingham and Manchester coming in as the top three. More than 45,000 made the move to these four regions during the same time period, demonstrating affordability and a definite trend of migration towards the north. This could be due to the quality of educational facilities found in the region and the appeal of student population within this age group.

Older generations choose peaceful and leafy surroundings

London was also not in favour amongst the 65 and over age group, losing its top spot to more peaceful and leafy regions such as Wiltshire, Cornwall and the East Riding of Yorkshire. Birmingham continued to fair highly, coming in again as one of the top ten popular destinations to move to.

Why Birmingham?

According to Emma Gray from Visit Birmingham: “People are increasingly seeing our region as an obvious choice to build a career and raise a family, thanks to excellent schools, outstanding connectivity and affordable homes and amenities,”

It’s true; Birmingham (compared to London) offers homeowners a very competitive property market. With first time buyers continuing to struggle to reach the first rung on the ladder, buyers can expect to find the average property price in Birmingham £300,000 cheaper than those in London. Birmingham suburb, Mosley village, was even named by The Sunday Times as the best place to live, beating even Mayfair, London.

Investment in the city, including HS2 and Curzon Street regeneration has also built on the city’s existing reputation as a business centre, making it a prime spot for start-ups and SMEs and in turn sparking more job opportunities and investment potential. The city was named, for the second time running, as ‘the most investable city’, above the likes of Madrid, London and Paris in an annual survey of European investors’ intentions by the Urban Land Institute (ULI) and adviser PwC.
 
Adam Male, Co-founder of Urban.co.uk comments on the findings: “The range and quality of educational institutions north of London, in places such as Leeds, Nottingham and Birmingham have undoubtedly played a large part in attracting more and more young people away from London and its surrounding regions. The interesting trend here is that young people appear to be staying in these regions after university and this is something we can expect to see more of in the coming years due to their lively culture, increasing job opportunities and a competitive property market.”

Join our mailing list:

Leave a comment



Our Next Event

Complex Lending Roadshow March 2017

Complex Lending Roadshow March 2017

Bolton - 14/03/2017

Barnsley - 15/03/2017

Solihull - 16/03/2017

Watford - 17/03/2017

Register now

Latest Comments

Matthew Hollywood
Matthew Hollywood 07 Feb 2017

Matthew Hollywood - Director Mishon Mackay Land & New Homes - Brighton The shortage of New Homes is in part effected by the lack of land sales. Land sales are held back because there is a disparity between...

view article
CommercialTrust
CommercialTrust 30 Jan 2017

Hi Graham, Would be interesting to see the above figure calculated against an investment via a Lt Company /SPV structure and if the investor found themselves pushed in to the higher tax bracket. Mortgage...

view article
Tony Gimple
Tony Gimple 16 Jan 2017

HMOs do make great commercial sense, but do the area research first!

view article
OJoyce
OJoyce 30 Dec 2016

We can only hope this will bring the results we all want and strive for.

view article
Reality
Reality 21 Dec 2016

The changes to land tax were a shock to many when it was first announced by the Chancellor in 2015?s Autumn Statement. However, once the changes came into place and the full details were digested, it?s...

view article
akbar ali dayala
akbar ali dayala 20 Dec 2016

I am a landlord and director of an online letting agents at the moment we charge tenants minimal fees and landlord also meaning we can get best deals for tenants all around if the ban comes in it...

view article
milessgabriel
milessgabriel 05 Dec 2016

Useful article

view article
Spencer Fortag
Spencer Fortag 30 Nov 2016

I am glad that someone listened to me!

view article
Tony Gimple
Tony Gimple 27 Nov 2016

It's not just the lack of estate agency advice that's costing landlords money; most are getting seriously bad advice from their accountants resulting in tax bills far higher than they need to be. Likewise,...

view article
Sally Walmsley
Sally Walmsley 18 Nov 2016

The RLA stands by its sell-off statistics. While we welcome the feedback from Mr Jagota and are delighted to hear how well things are going for landlords in the north east, we would like to make it clear...

view article
Sheryl87
Sheryl87 18 Nov 2016

The high employment levels and the vibrant economy has led to ever-increasing demand for rental properties, especially from professionals relocations from other cities. This has led to more experts teaming...

view article
Sheryl87
Sheryl87 18 Nov 2016

Renting out your house can be risky business. It's good to think about residential landlords insurance. Standard cover includes buildings cover and cover for loss of rent following damage to a property...

view article

Related stories

More articles from Property