More London homeowners now relocating to home counties

There has been an increase in the number of Londoners who are now taking the chance to get cheaper housing by heading off to live in the home counties.

It has recently been reported that a spike in London property values, culminating in a five per cent increase in prices, has set them at a record level.

Brendan Cox, managing director of Waterfords estate agents, has said that this is set to increase the trend of people who are heading out of London and into neighbouring counties.

He added that people see now as the perfect time to sell their house in the capital for large gains and move to property for sale which is better value.

"The Home Counties are perfect for these types of buyers as you can get more for your money and many locations are along the commuter belt so for anyone that works in London access is easy with only a 30-40 minute journey by train," said Mr Cox.