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Sensible thing to do is rent your flat out then rent somewhere wherever you move to.
Not sure if the new buy-to-let tax rules make this a non-starter though.
Fox-
I'd be really interested to hear an informed opinion on this. I jointly own a place with my sister, which we have lived together in for a few years. A likely scenario is that one or both of us move out and rent our rooms in a year or so. I also wonder what stamp duty there would be transferring it between us and when we would be liable for CGT if it were rented out.
NickCJ
I'd love to move out of London, but the Mrs won't hear of living anywhere but, so that knocks that one on the head.
However, the other factor is that as soon as you leave (and therefore step off the insane London property escalator) you're buggered if you want to come back again.