Has the race for space been run? Number of Londoners buying homes outside capital slows to pre-pandemic level

The share of Londoners buying outside the capital has slowed this year

(Picture: Shutterstock / ZGPhotography)

The number of Londoners buying homes outside of the capital slowed this year, returning to levels seen before the ‘race for space' sparked by lockdowns and a stamp duty holiday at the height of the coronavirus pandemic.

More than 81,000 homes outside the capital were bought by Londoners in 2022 — equating to 20,000 fewer purchases than in 2021 when Londoners bought 7.8 per cent of all UK homes sold outside of London, according to a new report by Hamptons.