Young teach­ers give full marks to York­shire and its house prices

Yorkshire Post - Property - - PROPERTY NEWS -

Tony Wright, Head of Res­i­den­tial, Carter Jonas, Harrogate

LON­DON’S PROP­ERTY prices have prompted a new wave of high-fly­ing grad­u­ates to head north and specif­i­cally to York­shire’s busi­ness hubs, as well as its ru­ral and coastal re­gions, ac­cord­ing to a new re­port by ed­u­ca­tion char­ity Teach First. While many were once in­tent on head­ing to the bright lights of Lon­don, they were sim­i­larly re­signed to stay­ing with par­ents or rent­ing in shared ac­com­mo­da­tion, thanks to un­af­ford­able rents and crip­plingly high liv­ing costs.

How­ever, the mi­nor­ity of young grad­u­ates who headed north were able to buy their own home much ear­lier in life be­cause of the rel­a­tive af­ford­abil­ity, and this is a trend that has fi­nally started to be­come main­stream.

Prop­erty prices have been a pri­mary fac­tor in chang­ing at­ti­tudes about ca­reer prospects out­side of Lon­don.

It is in­ter­est­ing to note in the re­port by Teach First that newly qual­i­fied teach­ers aren’t just look­ing at in­ner city Leeds or the satel­lite vil­lages out­side of York, but are also snap­ping up prop­erty in the coun­try­side out­side of Hull,

The re­port ex­plains that many young teach­ers are drawn to the north be­cause they feel can make a big­ger dif­fer­ence to stu­dents here. Of course, we can’t just con­sider the im­pact of prop­erty prices on young teach­ers. York­shire’s ma­jor towns and cities such as Leeds, York and Harrogate are still pop­u­lar with those tak­ing their first steps up the prop­erty lad­der.

With the ex­ten­sive re­gen­er­a­tion of Leeds city cen­tre over the past twenty years and the de­liv­ery of im­pres­sive high rise apart­ment blocks, its mas­ter plan is com­ing to fruition. With new build apart­ments on the mar­ket for less than £150,000, many high-fly­ing pro­fes­sion­als are at­tracted to the city thanks to its sta­tus as a fi­nan­cial and le­gal cen­tre. They are ben­e­fit­ing from great choice when it comes to em­bark­ing on the path to home­own­er­ship.

The univer­sity’s emerging pop­u­lar­ity amongst stu­dents from Lon­don and the south is also prov­ing to be a cat­a­lyst that is con­vinc­ing fresh grad­u­ates to stay in the city.

Af­ter three years spent at the heart of Leeds’s thriv­ing cos­mopoli­tan cen­tre, more are choos­ing to stay long-term, mak­ing the tran­si­tion from ed­u­ca­tion to em­ploy­ment in fa­mil­iar sur­round­ings.

In­fras­truc­ture im­prove­ments and en­hanced trans­port links have also made it pos­si­ble for more grad­u­ates to con­sider York­shire as a home for the fu­ture; with the fast train from Leeds to Lon­don re­duced to un­der two hours, it is al­most within the realms of com­mutabil­ity. Fur­ther­more, the con­nec­tiv­ity be­tween Leeds, York and Harrogate makes it eas­ier than ever for our young grad­u­ates to live in or near their pre­ferred hub and com­mute within thirty min­utes to the of­fice.

With York­shire of­fer­ing good value for first-time buy­ers as well as sec­ond-step­pers, fam­i­lies and down­siz­ers, there is no rea­son that we shouldn’t ex­pect many of the grad­u­ates to re­main in the county for the long-term.

Em­ploy­ment op­por­tu­ni­ties are in­creas­ing year-on-year, and with ac­count­ing firms such as Ernst and Young, Deloitte, PWC, KPMG, and le­gal prac­tices such as DLA Piper, Ever­sheds and Pin­sent Ma­sons, there is scope for our young pro­fes­sion­als to carve out clear ca­reer path­ways for the du­ra­tion of their work­ing life.

Ul­ti­mately, with com­pet­i­tively priced hous­ing and grow­ing em­ploy­ment op­por­tu­ni­ties, there is an un­de­ni­able qual­ity of life in York­shire that is much harder to find in Lon­don and the south.

Carter Jonas Harrogate, www. carter­jonas.co.uk.

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