Young professionals paying an extra £71K to live in the best postcodes

New research from Lloyds Banks has revealed that young professionals in the UK are paying an additional £71K to secure a home in one of the country’s 20 most popular postcodes.

Out of the 20 areas mainly selling to young professionals, most are located in Greater London with the exception of Didsbury in Greater Manchester and Reading in Berkshire. Didsbury has managed to get on the list because, in recent times, it has become very popular with young professionals due to its impressive variety of high-end food shops, independent retailers, restaurants and bars. Didsbury also enjoys a regular tram connection to Manchester city centre.

The research was compiled by Lloyds Bank and looked at the UK as a whole before identifying regions that stood out. Responding to the research, Andrew Mason from Lloyds Bank mortgage product direct said, “Aspiring young professionals are typically well qualified, in well paid jobs and tend to live in areas not far from the city centre where they work. These are also places where they can enjoy easy access to green space and a range of places to socialise. These buyers also don’t appear to be put off by the significant premium in price to live in areas popular with young professionals.”

You can read the full article here 
19 April 2017
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