More people have moved to the Southwest from other parts of the UK than any other region, analysis of migration figures by Halifax suggest.
Looking at internal migration patters for the UK’s 12 regions, the lender says more than 300,000 people moved to the country’s warmest area in the past decade.
As a result the region’s population has increased by a net 6% over the period. The Southeast was the most popular region on a gross basis, with some 2.25m arrivals from elsewhere in the UK, the figures suggest.
However, over the same 10-year period some 2.09m people left the Southeast to live elsewhere, meaning a net positive migration just half that of the Southwest at about6 160,000.
London also saw a massive shift away from the capital, as some 2.4m people left. While the total population of London increased over the period, this was mainly down to a large number of immigrants from overseas, coupled with a net level of newborns exceeding deaths.
Halifax says the figures provide further evidence of the effect of population on house prices.
These have risen fast in the Southwest over the past 10 years, with the net balance in migration to the region helping push up demand.
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