Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Buyers look to return to London as Rightmove crown capital most searched for 2022 location

by December 21, 2022
December 21, 2022
Buyers look to return to London as Rightmove crown capital most searched for 2022 location

People who quit the capital during Covid in favour of a quieter life in the country are searching for houses in London at the highest rate since the pandemic began.

Brits are looking to make a return to the city after offices, pubs and restaurants reopened, according to online estate agent Rightmove.

In stark contrast, searches for the southwestern coastal counties of Devon and Cornwall – two of the pandemic’s property hotspots – fell by almost a fifth this year compared with 2021.

There has been a 9 per cent increase in searches for homes in London, which has held onto its position as the nation’s most popular search location.

Because of the Covid-induced popularity of rural homes, there were only 3 per cent more searches for houses in London than in Cornwall in 2021. That gap has widened to 36 per cent this year, the highest since the pandemic began.

After London, Cornwall and Devon, the next most searched-for places on Rightmove in 2022 were Bristol, Glasgow and Manchester.

Edinburgh, Sheffield, York and Cambridge made up the rest of the top ten.

Tim Bannister, Rightmove’s head of data, said: “People searching for their next home have well and truly returned to the capital.”

“We started to see the tide turning towards the end of last year, and throughout 2022 a lot of our trends in the market have started to head back towards where they were in 2019.”

Having been confined to their houses for weeks on end, many people sought to move out of towns and cities and into the countryside in the first year of the pandemic.

Estate agents dubbed it the “race for space”, with buyers demanding bigger gardens and an extra room which could serve as an office as they started to embrace working from home.

The trend fuelled house prices in rural areas and led to London, for years the main driver of the nation’s property market, underperforming every other region.

Agents across the country are gearing up for what is expected to be a busier than usual start to the New Year, given that some would-be movers delayed their plans after the mortgage chaos brought on by the mini-budget and aggressive interest rate rises.

Bannister said: “We’ve seen a group of people using the past few months to assess their options and consider what they can afford, and they could be spurred on next year should fixed-rate mortgages drop as anticipated.”

Read more:
Buyers look to return to London as Rightmove crown capital most searched for 2022 location

0
FacebookTwitterGoogle +Pinterest
previous post
Elon Musk announces he will step down as Twitter chief executive when replacement found
next post
DHS texts reveal how ICE arrest, deportation report was delayed for months: ‘We now wait!’

You may also like

Artificial Intelligence for Everyday Business

January 15, 2025

Virgin Atlantic to soar to record profits as...

April 4, 2024

The Catalyst’s Timing: Identifying Key Market Triggers for...

April 15, 2024

Boxing Day splurge forecast at £4.6bn despite cost-of-living...

December 26, 2024

UK government borrowing surges to £16.6bn in September,...

October 22, 2024

UK ports demand compensation after Brexit border checks...

May 20, 2025

Iceland will shut another five stores after closing...

July 5, 2023

Criminal fraud trial of UK tech tycoon Mike...

March 18, 2024

Fears grow that Tata Steel could be excluded...

June 5, 2025

European gas prices likely to fall sharply this...

September 14, 2022

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Universities in Libertarian Land

      June 6, 2025
    • Elon Musk may speak to Trump aides in push to calm feud

      June 6, 2025
    • Everyone Talks About Leaving a Better Planet for Our Children: Why Don’t We Leave Better Children for Our Planet?

      June 6, 2025
    • MARK HALPERIN: Democrats try to construct a Frankenstein candidate while JD Vance gains momentum for 2028

      June 6, 2025
    • ‘Gone too far’: GOP lawmakers rally around Trump after Musk raises Epstein allegations

      June 6, 2025
    • Democrats begin to embrace Musk amid Trump spat after party railed against him as a ‘dictator’

      June 6, 2025

    Categories

    • Business (8,149)
    • Investing (2,012)
    • Politics (15,544)
    • Stocks (3,130)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved