Each year, 11 per cent of the population will up sticks and move to a new home, putting extra pressure on the existing housing stock, and helping to cement the regional divide.
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Alongside Brits moving around, 565,000 immigrants set up home in the UK in 2006. However it has been found that they do not necessarily choose the same regions as internal migrants do.
London is a popular choice for 36 per cent of all immigrants, but Brits are moving out of the capital faster than any other area. These immigration rates ensure that Londons net population increases by 1.61 per cent annually even though over 115,000 British citizens are leaving each year.
CEO of Propertyfinder.com, Warren Bright, says: The overall level of house prices depends largely on the wider economy, however the relative strength of regional housing markets is very clearly due in large part to populations movement.
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The North East in the exception to this trend though, as despite having experienced an exceptionally low level of growth over the past ten years, the regions house prices have seen significant increases. However this has primarily been put down to the catch up period that was necessary to close the gap of the North/South divide.
Bright adds: UK residents of Englands two biggest cities, London and Birmingham, are clearly keen to seek a life in a less hectic environment and are moving away after a time, city life can be pretty draining.
In addition, household formation is in the up due to both population increase and a significant rise in single person dwellings.
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