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LONDON EXODUS

Number of Londoners leaving the capital highest in 11 years as families struggle to afford sky-high house prices

Up to 336,000 people have left the city and resettled in areas including the Home Counties, Manchester and Brighton in the year to mid-2017

THE number of Londoners leaving the capital has hit its highest in 11 years as families struggle to afford sky-high house prices.

Up to 336,000 people have left the city and resettled in areas including the Home Counties, Manchester and Brighton in the year to mid-2017.

 The number of Londoners leaving the capital has hit its highest in 11 years as families struggle to afford sky-high house prices
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The number of Londoners leaving the capital has hit its highest in 11 years as families struggle to afford sky-high house pricesCredit: Getty - Contributor

During that same period 229,000 took up residence in the capital, meaning that a net outflow of people totalled to 107,000, reports.

The shocking figures come less than three months after it was announced that house prices in some of the wealthiest places in London have dropped by up to £100,000 in a year.

Homes in Wandsworth - which includes most of Clapham, Balham and Putney - have fallen by 15 per cent with the average house price now at £685,567 down from £805,460 a year ago.

Across the capital in general, house prices fell yet again, this time by £4,662 - or 0.8 per cent - bringing the average property price in London down to £593,396, according to the latest figures from Your Move.

 Up to 336,000 people have left London and resettled in areas including the Home Counties, Manchester and Brighton in the year to mid-2017
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Up to 336,000 people have left London and resettled in areas including the Home Counties, Manchester and Brighton in the year to mid-2017Credit: Getty - Contributor

That's the biggest decline the property website has recorded since August 2009.

A survey by the Office for National Statistics found that the British population hit 66million last year.

Numbers were boosted by immigration, which lead to a 392,000 rise.

Neil Park of the ONS said: 'This is the lowest annual population growth since 2004 due to a fall in net migration, fewer births and more deaths than previously seen.

'The effect is most pronounced in London and other areas that have seen high levels of immigration in recent years.

'Nevertheless, the population is still growing faster than at any time since the post-war 'baby boom' and the expansion of the EU in 2004.'

The group also found that the number of men in the population was catching up with women.

The gender balance as been tipping towards men for a long period, due to life expectancy for men increasing.

There are now 98 men for every 100 females, up from 95 in mid-2005.


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