Borrowers flock to South West

The property portal saw Cornwall emerge as the firm favourite amongst prospective buyers using the website to search for a new home.

This was followed up by Dorset, Devon and Somerset, with Surrey in fifth place.

Despite historically high property prices, buyers could well be attempting to capitalise on the recent trimming of property prices across the nation, looking to desirable areas in the South West in the hope of snapping up a bargain.

Indeed, no counties north of Lincolnshire made it into the top ten.

However, Nicholas Leeming, director of propertyfinder.com called the South West's popularity 'a bit of a mixed blessing' in terms of the impact an increased demand has on its residents.

"Many of those searching the region for property are outsiders looking for second homes. That can push the price of property beyond the means of locals who have relatively lower incomes," he said, "it’s no surprise that younger people tend to move away looking for better paid work.”

Boiling the statistics down further, Lincoln, Oxford and Southampton were the most popular cities in February.

Exeter in the South West came in fifth place, with Bournemouth and Plymouth making the top twenty.