Most Choose to Rent Closer to Work - Nova
downArrow

A new study has found that Britons who live in cities are much more likely to uproot and move if it means they will be closer to work.

This trend of people moving into homes closer to work has been revealed in a study done by Canary Wharf Group. This is not a new trend, as the generations now joining the workforce seek an improved work/life balance. It is something the we at Nova keep a close eye on.

Overall 70% say they would move their home for the purpose of reducing their commute. 47% of Londoners, 40% in Birmingham, 37% in Oxford and 33% of Newcastle and York residents.

In comparison, only 8% of respondents from rural areas say they would move in order to be closer to work.

When seeking a new home generally, proximity to the office is ranked as one of the primary criteria for choosing a new home. Other criteria items which ranked highly among respondents was local amenities, having a garden, and to a lesser extent – good schools.

Nova News

Updates on The Property Market in The New Year
Updates on The Property Market in The New Year
by Saeid Ansari
read more
BT Relocating to Birmingham
BT Relocating to Birmingham
by Saeid Ansari
read more
Where in the UK Had the Highest House Price Growth in 2019?
Where in the UK Had the Highest House Price Growth in 2019?
by Saeid Ansari
read more
Private Renters Set to Outnumber Homeowners By 2039
Private Renters Set to Outnumber Homeowners By 2039
by Saeid Ansari
read more
Increase in Demand of PRS investments in the U.K
Increase in Demand of PRS investments in the U.K
by Saeid Ansari
read more
Want to be the first to know what’s going on in the world of property investment? Subscribe to our newsletter below.
The property pension plan book icon

Take Control Of Your Future With Buy To Let Investment, get The Property Pension Plan for Free!

Find Out More
Get in Touch

Book a complimentary property and/or finance consultation

back-to-top