Tired of life? No, just tired of London: record £55bn spent buying homes outside the capital

Pandemic drives Londoners to move out of the city with the number of properties purchases increasing by 62% in a year

Londoners bought more than 112,000 homes outside the capital this year –in the biggest “great escape” from the capital since 2007 as the coronavirus pandemic drove people to seek more space to comfortably work from home.

The number of homes bought by Londoners outside the capital increased by 62% compared with 2020 and is the equivalent of creating two new cities roughly the size of Leeds, according to estate agent Hamptons.

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