With lockdown restrictions now removed entirely, many people are using the opportunity to re-evaluate their lifestyles and look for a new start.
Brighton has seen the biggest increase in demand vs supply (up 101% year on year)*, followed by Poole and Edinburgh, both increasing by 81%. In fact, all of the top 50 UK towns & cities have seen an increase in demand vs supply year on year (YOY). It’s a similar story across London too, with demand vs supply up 71% across the city.
To help people navigate their next big move SpareRoom has today released an affordability guide for key UK towns & cities, including London by.
These range from average room rents under £400 a month in Liverpool (£395) and Huddersfield (£365) to London, where average rents in some areas reach almost £900 a month**.
The full list can be viewed here as well as in the notes to editors below: https://blog.spareroom.co.uk/where-can-you-afford-to-live/
Matt Hutchinson, SpareRoom director, commented:
“The past 18 months have totally changed our attitudes to work. Some jobs we were told simply weren’t suitable for remote working have proved to work just fine from home. That means people can now choose a place to live because it suits their lifestyle, not just because the commute is convenient.
The coming months will definitely hold some changes in terms of how and where we want to live. That could be great news for some towns and cities, that have historically suffered from a skills drain, as young people head for bigger cities. We may find, when we look back on this period, that COVID and remote working did more to rebalance the economy across the UK than any government initiative did. It might just be one of the positive changes to come out of what’s been a tough 18 months.”
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