Reallymoving.com have released their annual Migration Monitor
, a study of over 60,000 home movers in the UK.
The report aims to highlight moving trends in postcode regions, residents moving in or out of the area, and shows the regions where residents “voted with their feet”.
The report shows many residents chose to move away from London and the South East during 2011 with significantly fewer numbers moving in than out. Of course this doesn’t mean they necessarily have “itchy feet” or even dislike the area, it could simply be personal and financial circumstances forcing a move out of area.
The South West proved to be the most popular UK destination with Torquay, the English Riviera, topping the list and Truro and Exeter also in the top five.
Rosemary Rogers, Director of Reallymoving.com, commented:
"Our research shows that during 2011 the South West claimed the highest percentage of movers into the region. Torquay, Truro and Exeter all appear in the top five results.
Cities which retain their residents make a healthy mix across the UK: Sheffield, Belfast, Chester and Newcastle all lead the way for residents staying within their postcode regions, which is a great reflection on the success of those cities."
Reallymoving.com say that they are in a unique position which allows them to “paint a detailed picture of the UK housing market”. Where some companies have access to only one section of the property market the business model employed by them sees them communicating with homeowners about removals and surveys, as well as conveyancing.
It would be interesting to know what the reasons behind moving were for the 60,000 home movers. While it is reported that some residents were happy to “sit tight” they could still be restricted by mortgage lending, house prices, jobs, or even all three.
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