‘London leavers’ spent 29% less on homes outside the capital in 2023

17,590 properties have sold for more than £1mn in the capital so far this year - which is 21% of all resi transactions.

You can get a lot more property for your money outside of the capital; 953 extra square feet, on average, say LonRes & Hamptons as they analyse the latest trends in "London leavers".

But a third saw values drop, with properties above £1mn more likely to see a decline.