The pandemic has created an unexpected new demand for commuter belt locations as Londoners seek to expand their horizons and put down new roots in greener locations.
In-fact last year Londoners bought homes outside the capital worth £27.6bn, the largest amount spent since 2007, says one respected lender.
Another source states London leavers bought 73,950 homes outside the capital in 2020, as the coronavirus pandemic led the biggest exodus from London in four years.
The dash for property outside the capital is partly driven by a desire for larger homes with more space for home offices, gardens and the all-important local outdoor spaces all sparked by life under lockdowns.
One local estate agency, Hunters based in Tring and Leighton Buzzard, has witnessed this first hand with new London buyer registrations increasing dramatically.
To optimise on this new level of demand, Hunters has recently joined forces with London’s leading estate agent network, LonRes to provide its clients and their properties with direct access to over 100,000 active London buyers.
Caroline Murgatroyd owner of Hunters Tring and Leighton Buzzard branches says, ‘The link between town and country is widely acknowledged and is now even more important, so in a continued effort to provide our clients with the best possible service, joining LonRes makes perfect sense. LonRes is an independent business platform that goes beyond the main property portals in promoting client’s properties direct to central London estate and buying agents with purchasers looking to buy outside of the capital.’
Established in 2000, today LonRes has a 6,000 strong network spread across 1,400 offices located in some of London’s wealthiest and best-known postcode districts.
Hunters are available to offer market reviews, in person or via virtual valuations. Please call 01442 500252 (Tring) or 01525 300899 (Leighton Buzzard) to book an appointment. Currently Hunters are offering a New Year New Roots Vat Free Fees offer available until 31 March 2021.