Pondering of swapping from the large metropolis to a quieter life? (Image: Getty Photos)
It’s no secret that the pandemic has made many people rethink the place and the way we’re residing.
From the renewed significance of outside area to the dearth of the commute as we do business from home, it’s comprehensible some have been contemplating whether or not it’s value paying metropolis rents.
However the quantity of London renters planning to maneuver out of the capital as soon as coronavirus has settled is extraordinarily excessive; 27%.
Analysis by SpareRoom discovered that not solely do greater than 1 / 4 of these renting in London need to go away, however 13% want to transfer away eternally once they can.
Over half of that 13% are planning on renouncing metropolis life for good, with coastal cities and suburbs successful over the UK’s different main cities.
Matt Hutchinson of SpareRoom mentioned of the findings: ‘We’re taking a look at a redrawing of the UK’s rental map in 2021 and London would be the largest loser.
‘Whether or not it’s right down to the catastrophic results of COVID on tourism, hospitality and the humanities, pushed extra by way of life elements like wanting out of doors area, or just the realisation that many roles can now be performed from anyplace, London residing is shedding its attraction for a lot of.’
A earlier SpareRoom report additionally discovered that room rental costs have dropped in London however risen barely all over the place else (besides from Scotland). There’s additionally a document excessive virtually 1 in 5 folks of their thirties residing with their dad and mom.
Matt provides: ‘This could possibly be the beginning of a altering UK economic system that depends much less on London and the South East, as distant working turns into the brand new norm,
‘If that’s the case, London rents are unlikely to get better rapidly and home costs may comply with go well with as soon as the stamp responsibility vacation ends.’
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