Londonites Migrate to the Country
Gloucestershire, Oxford & Cambridge the new rental hotspots

Londonites Migrate to the Country

Renters Move Out of London

There was much anecdotal evidence that people were moving out of London driven by the pandemic lockdown and the realisation that working from home is now a viable option. Now we have the statistics to back that up. The UK property website Rightmove have analysed over 60 million rental searches in August 2020. The results indicate that cities such as Cambridge, Cirencester and Oxford and the home counties have seen an increase of upto 76% since last year. 

The places within London that have seen the biggest increase in searches are all in the outer zones. Where you will get more space and are more likely to have that much desired garden. See the full report here.

So what does this mean for the short let market? This migration of workers out of London is going to leave a vacuum in the central and urban areas of the city. The short-let market is ready to fill that void. Landlords will be looking to either sell their buy-to-rent (BTR) properties or convert them to short-let rentals.

This is a seismic shift in the market and opportunities for reduced price investment property are going to come into play. If you’re looking into such an opportunity Michael D’Rews has a report that will point you in the right direction. The report highlights the areas within the Greater London Area with the most potential whilst avoiding Stamp Duty Land Tax (SDLT). The button below will allow you to download this for free.