Londoners are being forced out of the capital by rising mortgage costs.
According to Hamptons, first-time buyers made up 30% of Londoners buying homes outside the capital in the first half of the year. It is the highest proportion registered by Hamptons since it started collecting the data in 2007.
Hamptons found that 37% of London-based first-time buyers moved out of the city to find the home they wanted. Other home-movers made up 48% of the 36,500 Londoners relocating, while investors accounted for 20% and second-home buyers only 2%.
