An area in Buckinghamshire has been named as one of the fastest-growing commuter towns in the country.

According to the card payment provider, Dojo, Milton Keynes has been ranked eighth out of 10 places in the UK which has seen an increase in growth since the pandemic started last March.

The study has based this on the following:

  • The property market – The change in property prices and number of sales in the area
  • Job vacancies – The number of job openings in the area
  • Salaries – The average wage of employees
  • Footfall – The transit station, workplace and residential movement detected on Google Maps

The study has revealed that MK as a commuter town, has increased by 1.62 per cent during the pandemic, as the area offers an ‘ideal out-of-London solution for those wanting to get out of the busy city with its quick and direct transport routes’, according to Dojo.

Bucks Free Press: The table with the other areas The table with the other areas

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In January 2021 the average house price was £267,299.47, which is a 3.71 per cent increase from the previous year.

This, however, is over half the price of a house in London, averaging at £501,320.07.

Topping the list was Exeter in Devon with a 17.94 per cent increase since last March.

Jon Knott, Head of Customer Insights at Dojo commented: “During the course of the coronavirus pandemic, the interest in commuter towns has seen a substantial increase.

“With working from home here to stay and less time needing to be spent in the office, many city dwellers have decided to relocate from built up urban areas.

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Despite a longer commute time when venturing into the office, the benefits of generally cheaper and more spacious properties in commuter towns has attracted many to these areas.

“Despite fluctuations and instability, the coronavirus pandemic has brought growth to new businesses and has helped consumers appreciate the value of independent businesses.

“With more people now choosing commuter towns as their place of work and leisure, small businesses in the area will enjoy an uptick in footfall.

“Now lockdown is easing, businesses could be set to boom from customers determined to make the most of rediscovered freedoms.”

For more information, visit https://dojo.tech/blog/commuter-town-growth.