Is It Time To Leave London?

We must admit, we read a lot of articles about people looking to leave London, and we sometimes take it personally!

We must admit, we read a lot of articles about people looking to leave London, and we sometimes take it personally!

At Ariston Property, we love North London. We believe this is a thriving part of the capital, and in recent times, we have been busy speaking with people looking for a home in the area. We know there is still significant demand for homes in this part of London.

Get ready for your next challenge

However, we also know many people are looking for a change of scenery. The events of the past year have caused many people to reconsider what is important to them, and we are here to assist you, no matter what move you make.

A survey carried out by SpareRoom spoke to more than 12,000 users of the platform. 40% of respondents said they plan on moving home post-lockdown, with 38% of respondents who live in London stating their desire to move house after the lockdown.

  • 76% of respondents said they intend to move out of their current town or city.

  • 77% of respondents from London say they plan to leave the capital entirely.

  • For the first quarter of 2021, the level of demand v supply for London was down by 23% compared to the 2020 figure.

If you are looking to leave North London, we are here to help. There are many reasons to adore this part of the capital, and the country, but equally, we know there are many factors which influence where people want to live.

No matter the reason you have for moving away from North London, you want to sell your home in the most appropriate and effective manner. At Ariston Property, we know the local area, we know the buyers, and we help vendors connect with people looking for a home.

If you want to take the first step in getting out of London, contact us today to arrange a property valuation, and we will make sure you get all the help you need.

You are not alone in evaluating your options

Matt Hutchinson, SpareRoom director comments: “Over the past year we’ve seen the effect Covid-19 had on London rents, with averages falling consistently in four consecutive quarters. That's driven largely by a drop in demand compared to supply, as renters left the capital during lockdown. At the same time, rents have risen slightly in the rest of the UK.”

Matt continued by saying; “As the country starts to open up more over the coming weeks and months, we'll see pent up demand being released. We'll also see the return of jobs in sectors like entertainment, hospitality and tourism, which London relies so heavily on. Whether that means a mass return to the capital, or whether some of those who left won't return remains to be seen. But we do expect things to shift over the summer.”

We know these are challenging times, but if you have any questions about the local property market, please feel free to contact us. At Ariston Property, we aim to support the local community as best we can, and we look forward to assisting you in any way.