Thursday, March 19, 2009
Several key findings have come out of research recently conducted by Halifax.
Commenting, Martin Ellis said, "There have been significant population movements across England and Wales during recent years. Coastal areas have proved to be popular destinations for people to move to as many people have sought to take advantage of the benefits of living near the sea.
The figures also highlight the transient nature of the population in many of our major cities. Birmingham, for example, recorded both the highest level of internal immigration and emigration in England and Wales."
Key findings of the research are as follows:
Firstly, 80 percent of the Local Authorities (LAs) in England and Wales with the highest increase in net internal migration between 1997 and 2007 were coastal regions. It would seem that such areas are becoming increasingly popular.
Secondly, during the same period, the population of East Riding of Yorkshire saw the most significant increase in net internal migration throughout England and Wales. 35,600 more people moved from locations in England and Wales to East Riding than the number that moved from East Riding to other locations in England and Wales. This equated to 11 percent of the total population of the area in 2007. Tendring in Essex experienced the second highest increase in net internal migration at 22,300 and in third place came East Lindsey in Lincolnshire at 21,600, followed closely by Arun in West Sussex at 21,100.
Thirdly, seven of the ten LAs with the highest number of internal immigrants between 1997 and 2007 were also evident within the list of ten LAs with the greatest number of people emigrating to other parts of England and Wales.
Fourthly, the LA within England and Wales that boasts both the highest inflow and outflow of people since 1997 is Birmingham at 315,600 and 403,600 respectively. The city subsequently saw the most extensive decline in net internal migration at -88,000. Second to Birmingham came the London boroughs of Newham at -71,300, followed by Brent at -69,900 and Ealing at -57,700. Nineteen of the twenty LAs that experienced the largest net fall in internal migration can be found within cities.
Finally, nine of the ten LAs in England and Wales that saw the most extreme reduction in net internal migration between 1997 and 2007 are located in London. It must be remembered however that London’s population increased throughout this period as a result of high levels of net international migration and ‘natural change’.
.................................................................................................................................
Those who have recently relocated, and who are looking for finance to create their ideal living space, may wish to consider taking out a secured loan. A secured,
home improvement loan could be used to fund an array of projects from fitting a new kitchen or bathroom, to extending the property. One of many options, this could be a solution for those that are looking to put a personal stamp on their new home. Secured loans are available to homeowners with a mortgage, and can be repaid over a period to suit them from 5 to 25 years.
