The number of Londoners seeking to move to St Albans increased by 10.5 percent last year compared to figures from 2018, new research has revealed. According to recent statistics, more people than ever are being drawn to St. Albans from the capital city.
According to a recent report by Hamptons International, the number of people moving into St. Albans from the capital city has shot up in the past year. Based on the statistics, up to 31 percent of new people moving to St. Albans are Londoners.
Also, migration figures from the Office for National Statistics seem to further lay credence to this fact. According to statistics from the ONS, up to 350,000 people have left the capital city in the past year alone.
The ONS also predict and an even larger exodus of people from the city due to various factors including the effects of the lockdown increased work from home and an increased desire for an outdoor life which will cause many people to favor moving to the country.
The Hamptons research shows that four out of every 10 first-time buyers leaving London typically opt to buy a home out in the country. Conditions such as high prices, steep deposit requirements, and high buying costs are driving people towards buying property outside the city.
Martin Gibbins who is the branch manager of Hamptons in the city of St. Albans says At Albans has always been a popular choice of destination for those moving out of London. The higher influx of newcomers into the city can be attributed to various factors one of which is the presence of the Thameslink train service which is one of the main attractions of city. But Gibbins says there are other factors as well.
“When you consider the area also benefits from a wide choice of both independent and high street shops and restaurants, as well as the green open space of numerous parks, you start to understand why St Albans is so popular with London buyers.” He explained.
There is a new generation of buyers coming into the city that are more environmentally savvy, passionate about the culture of where they live and willing to spend more time with their local community.
St. Albans also offers a lot for young professionals looking to stay back and raise a family thanks to its quality education which includes an impressive number of great elementary and higher schooling options for them.
As far as the demography of the new entrants goes, statistics show a higher percentage of the younger generation, with 31 years as the average age of people moving into St. Albans from London. This is 8 years younger than the average age of typical London leavers from previous years.