Young teachers give full marks to Yorkshire and its house prices
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.