The long tradition of cashing in a city pillow for a pile of land is not what it used to be. The extra space a Londoner can afford in the countryside with the proceeds from a house sale has dropped to its lowest level since 2013.
The average Londoner sold for £ 499,990 this year. If they moved to the country, they could afford an additional 633 sq ft of space, according to real estate agent Hamptons, who analyzed numbers from the land registry.
While Londoners sold for an average of £ 467,500 in 2016, they could expect an additional 1,038 sq ft in the country, the Hamptons said. This is the fifth year in a row that the amount of extra space has decreased.
Flexible work, more space for family and