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Londoners ‘exodus’ from capital coming to an end

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September 9, 2025
3 min read

Londoners ‘exodus’ from capital coming to an end

Data from Hamptons Research has revealed that Londoners bought just 5.3% of the homes outside the capital during the first seven months of 2025. This is the lowest share since 2013. For comparison, the highest amount was 8.2% in 2022 when working for home had been the norm during the pandemic. 5.3% is equivalent to 31,620 properties, half the peak of 63,600 homes bought by Londoners.

Compared with pre-pandemic levels, the 2025 figures for outmigration are below the average of 5.9% recorded between 2010 and 2020. This suggests that current figures are closer to those from over a decade ago when the market in London was subdued thanks to the financial crash.

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There are two reasons, the Evening Standard says, for the change in this trend. First, the return of office-based work has meant that moving out of the capital is less tempting for Londoners. More people are returning to the office for at least three days a week.

Second, a slower property market in London has meant that the purchasing power of movers has been reduced. This means that it has harder for people to move and upgrade their lifestyle as they previously could. Prices outside the capital have also risen by 26% over the last five years, triple the 8% rise in London.

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