Nick Mead, Partner at The Buying Solution, talks to The Times about the allure of the Chilterns for families relocating out of London.
Every year young children bid farewell to their first bedrooms, pack up their toys and climb into the family car as their parents go in search of a home with more space and close to good schools, in a pattern of migration tracked by the Office for National Statistics. Analysis of these migration patterns (between June 2016 and 2017) of families with children under five, carried out by Savills, highlights emerging trends that provide a guide to the direction of the housing market.
Nick Mead explains how the Chiltern District, which includes towns such as Amersham, is appealing to newcomers from London, because of the easy commute back into London (41 minutes on Chiltern Railways or on the Metropolitan Line) and improved lifestyle.
“The price of the average property in the Chilterns is significantly lower than Surrey. High-performing grammar schools such as Dr Challoner’s in Amersham and the Royal Grammar in High Wycombe are particular draws.”
The article also highlights signs of flight from larger cities: not only from London, but also Bristol and Manchester. Families in London increasingly sense that there is a limit to house-price growth and that working from a rural location is much easier than it was. Most families that move are looking for more affordable homes, but also a number are choosing more expensive rural areas, such as Cirencester in Gloucesterhire.
Read the full article here: https://www.thetimes.co.uk/article/in-search-of-schools-and-space-kn2zmqxc7