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Property and Environment

Young families looking to escape housing crisis lead exodus from London

The net outflow of Londoners from the capital to other parts of the UK has topped 100,000 for the second year running, official figures reveal today.

They show that 340,500 London residents quit the capital to move to other regions of the country in the 12 months to June 2018, while 237,270 moved in the other direction.

That left internal migration from London standing at 103,230, slightly down on the 106,608 recorded in the previous year.

But it was still a huge rise on the just over 50,000 seen in 2012 and 2013, according to the Office for National Statistics (ONS).

Typically London attracts young people drawn to the capital by university and career opportunities but loses residents in older age groups, particularly families with young children. Today’s figures show a net inflow of 30,094 people aged 20 to 24, slowing to just 5,816 for the 25 to 29 age group

But this has flipped to a net outflow of 19,070 for people aged 30 to 34.

The increase in the net outward migration has been blamed on London’s housing crisis, with sky-high prices and rent forcing thousands a year to relocate to cheaper areas in the commuter belt or other towns and cities elsewhere in Britain.

By borough, the biggest outflows were from Newham, where 8,976 more residents left than arrived, Ealing (7,241) and Haringey (5,795).

But today’s data from the ONS also revealed that the four local authority areas with the fastest growing populations in Britain are all in London — the City, Westminster, Camden and Tower Hamlets.

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This is due to their young populations and international immigration. The overall UK population grew by 0.6 per cent to an estimated 66,436,000, the same rate of growth as in the previous year.

Net international migration in the UK was 275,000, which was 6,000 higher than the average for the past five years and 45,000 higher than last year.

Neil Park, head of the ONS’s population estimates unit, said: “In the last two years, population growth in the UK has been at its lowest rate since 2004.

“For the fifth year in a row, net international migration was a bigger driver of population change than births and deaths.

“However, overall population change to the year mid-2018 has remained fairly stable, as an increase in net international migration has been roughly matched by the fewest births in over a decade and the highest number of deaths since the turn of the century.”

Source: Standard Uk

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