Why Are Londoners Moving to Margate?
- Affordability & Housing: Margate offers significantly lower house prices and rental costs compared to London. The average house price in Margate stands around £288,178, with detached homes averaging £409,648—far below London’s typical property costs. Rental prices for a one-bedroom property average £1,042 per month, a fraction of London’s rates, making it possible for people to own homes or live more comfortably.
- Quality of Life: Londoners are drawn by Margate’s clean air, beaches, and prominent creative and community spirit. Many cite the appeal of the sea, outdoor life, space, and a friendly, artistic environment. People relocating report that the move offers them a “real sense of community” and a more fulfilling pace of life.
- Cultural Scene: The town’s growing status as a creative hotspot is a powerful pull, with attractions like the Turner Contemporary, Dreamland amusement park, and independent galleries encouraging creatives and entrepreneurs to settle and start businesses.
- Remote Work & Connectivity: Fast broadband and greatly improved rail links—including the Thanet Parkway and high-speed trains to London in under 90 minutes—enable remote workers and commuters to stay connected to the capital while enjoying a coastal lifestyle. Many see this as “the best of both worlds.”
- Regeneration & Investment: The area has benefited from millions in regeneration initiatives, new housing, and infrastructure, transforming tired areas into desirable neighborhoods and boosting both public and private investment.