According to the Office for National Statistics (ONS), the number of young adults moving out of London has reached the highest point in the last five years.
Over 93,300 people left the City behind between January and June 2016, which is an 80% increase since 2012.
The biggest demographic exiting London were those in their 30’s, but younger adults aged between 20 and 29 are also leaving the city behind.
Lucian Cook, who is a director at Savills, said that whilst some of the exodus will be people wanting to buy property in Kent, it’s also because young people simply can’t afford to rent in London anymore. Young adults are more likely to move to coastal regions of Kent, like Hastings, to rent instead.
The influx of younger people into the likes of Deal means it’s now been dubbed “Shoreditch-on-Sea”, whilst Broadstairs and Margate have become a hub for artists.
This means a lot of seaside towns have seen a revival in the past years. For example, Folkstone’s recently designed Creative Quarter, situated in the old town is a result of a huge regeneration project by Saga boss Roger de Haan.
As well as coming to Kent, young people are also moving to the likes of Cambridge, Oxford, Hertfordshire and Slough.
Colyer-Fergusson Charitable Trust was established in 1969 by Sir James Colyer-Fergusson. Since then, the Trustees have made grants in his honour to preserve beautiful Kent churches, promote musical and academic excellence and support local communities . In recent years the Trust has made grants to improve the quality of life of local people by funding community projects that tackle poverty and social exclusion. It has also supported the sustainability of local churches and in particular their role as an important community resource. The trustees regularly review and revise their funding policies to ensure that Trust money continues to be well spent.
Find us online: www.cfct.org.uk