Exodus from London accelerates
The London housing crisis is taking its toll on families in the capital as they move to other parts of the UK in ever greater numbers. The net number of thirtysomethings and under-10s leaving the city has increased by 25% between 2012 and 2014 according to figures from the Office for National Statistics.
We have always seen more people in these age brackets move away from London than move there, but the difference is getting bigger. In the same two-year period, rents and house prices rose three times as fast in London as the rest of Britain.
