Property News · July 30, 2017

Could an exodus from London be good for Britain, helping revive the regions? | Rosie Walker


Thousands quit the capital every year, in search of cheaper living, but the pull of the capital remainsA room in a friend’s rented north London houseshare came up recently. Usually, this would mean an instant queue of prospective tenants waiting for their 10-minute interview slot, followed by an unpleasant few hours of decision-making. This time, my friend reported, whole days passed without anyone getting in touch. We wondered if it might be the first hairline crack in some huge chasm about to rip through life as we know it – if, in the future, we would look back on the empty wasteland of the city and remember that day as The Day London Turned.The news last week that the number of people leaving the capital has reached a five-year high will come as no surprise to anyone trying to house themselves in the capital. Whatever the political shocks of the last year, some things are unchanged: house prices continue to bear no relation to earnings, private landlords remain largely unregulated and rents continue to eat up two-thirds of the average Londoner’s wages. Plus, it’s dirty, noisy, overcrowded and the Central Line on a hot day is enough to make anyone dream of Milton Keynes. Continue reading…

Source : theguardian.com
Read more…Could an exodus from London be good for Britain, helping revive the regions? | Rosie Walker

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