Record numbers of people leaving London for a move to Bristol

      Published on Monday, 17 August , 2020      33 Views     

  • UK Business

Bristol is renowned for its street art, rainbow homes, lush green spaces and top cuisine.

Within the past decade our city not only topped the charts for the best place to live in the UK, but also one of the best in the world.

So it is little wonder that record numbers of people are ditching the capital and migrating over to Bristol.

Exclusive analysis reveals, more and more people are shunning London to live in our city.

Some 5,483 people left London to move to Bristol in the year to June 2019 – while 5,190 people moved from Bristol to London.

That was the highest number of people arriving in Bristol from London in the nine years of available data.

It means London suffered a net loss of 293 people to Bristol, although this was down from 657 in 2018, according to data from the Office for National Statistics.

Bristol is within commuting distance of central London – around an hour-and-a-half by train – although with more people working from home, and potentially continuing to do so in future, more distance from the office may be more workable.

House prices

And house prices in Bristol are cheaper than London.

As of March (the last figures available), the average home costs £285,268 in Bristol – compared to London’s £486,000.

But cost of getting a foot on Bristol’s property ladder is increasing all the time as demand far exceeds supply.

The most expensive neighbourhood is Westbury-on-Trym and Henleaze, where the average house sold for £530,000 in 2019 (up by seven per cent from £495,000 in 2018).

Also making it into the top five neighbourhoods for price growth is Bradley Stoke North, in South Gloucestershire. The average property there sold for £261,000 in 2019, up 19 per cent from £220,000 in 2018.

Category UK Business | 2020/08/17 latest update at 12:40 PM
Source : Internet | Photocredit : Google
Comments Add comment

БГ Медия - Медия за Българите в Лондон
Bulgarian Business Club

Related Articles

The editorial staff of Bulgarian Business Club would like to give all of its readers from Bulgaria and the whole world the opportunity to participate actively in the development of the website! If you have something interesting, fun, scandalous - just something worth to be seen from more people. Capture it and share it in the Bulgarian Business Club with a short text.

Do you have information you want to reach our readers?

Send article/s

You can subscribe to our Facebook, Twitter or use our RSS feed channel to always read the most important news about Bulgaria.

Sponsored Publications