Home » Housing Market » Migration trend sees home movers quit North

Migration trend sees home movers quit North

reallymoving.com director Rosemary Rogers said: "The migration data for Quarter 2 divides clearly on regional lines. Northern towns are increasingly prominent at the bottom of the rankings, with the region set to be hit hard as Government cuts target public sector jobs. The South East and London also remain out of favour with home movers, whereas the South West gained popularity at the start of the Summer holiday season.

"Home movers appear wary of future prospects in many Northern towns, which are set to be hit hard by public sector job losses under the Coalition Government’s programme of spending cuts. As well as Wakefield, Bolton and Bradford in the top ten, four other Northern towns feature between eleventh and twentieth in the ranking, as significantly more people moved away from these areas than moved to them.

"With the Coalition having already announced plans to close all NHS Primary Care Trusts and local authority spending likely to face a significant squeeze, many residents may be forced to look further afield as local employment opportunities dwindle. The uncertainty will have already impacted on many people whose moves to the area will have stalled because of the civil service recruitment freeze.

"The data for Q2 shows a continuation of last quarter’s trend with London postcodes remaining unpopular with home movers. With fears of a double-dip recession or second credit crunch persisting among some commentators, many white-collar workers will be anxious about their future prospects and opt for more affordable accommodation outside the M25.

"It is also noticeable that South London postcodes in particular continue to feature prominently in the bottom 10. Many parents will now be struggling to pay for private education in the capital so are looking to move to areas with good state secondaries in the Home Counties ahead of the new school year in September.

"Truro, Torquay and Exeter are all in the top 10 most favourable postcode zones, making the South West the most popular region with home movers as it sees the biggest proportional increase in new residents. With the promise of a warm English Summer, and house prices still down on the peak, the South West currently appeals to the heads and the hearts of potential buyers.

"Newport also appears in the top 10 this quarter. With the Ryder Cup golf tournament set to be held at Celtic Manor this October, the area is likely to continue to attract a significant influx of new residents throughout into the third quarter."

Have your say on this story using the comment section below