A record number of thirtysomethings – almost 60,000, left London last year and relocated to provincial cities in search of a better work/life balance. The favourite destination? Birmingham.
David Richardson of Fish Home Finders commented “we are seeing a marked increase in companies moving people to the area – both from London and internationally. From a business perspective, Birmingham’s central location at the heart of the country’s motorway network together with its skilled workforce and low overheads compared to London means that it is attracting more foreign investment than any other regional city in the UK.”
“At the same time people are discovering what the city has to offer in terms of setting up a home here. In our experience our clients are genuinely surprised and delighted by the city and its choice of affordable properties, from contemporary city centre apartments to character family homes in the leafy Edgbaston and Harborne suburbs, as well as culture, education, shopping and nearby places of interest.”
“The city has changed greatly over the last 10 years or so and there has been a lot of recent press interest in what’s happening in Birmingham. We were asked to comment for an article in the Guardian newspaper which included case studies on young professionals and families who relocated from London and their motivations for making the move. With average house prices in London (£402,800) more than double the UK average it’s a trend that we can only see increasing.”