The PricewaterhouseCoopers (PwC) 2018 Good Growth for Cities Index has again ranked Leicester as one of the best cities to live and work in the whole of the UK. The East Midlands city’s rank as 10th best puts it ahead of its Midlands neighbours Birmingham, Nottingham and Derby and also London.
In order to arrive at their conclusions, researchers undertake detailed studies of 42 cities according to factors rated as important by the public such as housing affordability, employment, health, income, skills, commuting times, environmental factors, income inequality and number of new businesses.
At Andrew Granger & Co we see every day how the relative affordability of Leicester as a place to live and work has a positive impact on quality of life both for people from Leicester and those choosing it as a place to relocate to.
With its convenient links to the M1, M6 and M69, Leicester is an excellent base for people who regularly need to travel by car for work or leisure. Not only that, destinations including Sheffield, Nottingham and London are easily accessible by train from Leicester station. Indeed, with direct services between Leicester and London taking as little as 1 hour and 5 minutes, Leicester is becoming an increasingly popular choice with commuters to the capital. The Cross Country rail service from Leicester also provides good rail links to Birmingham and popular destinations further afield like Manchester and Stansted.
The affordability of buying or renting a home is always relative to personal circumstances as well as to the average house price of the area in question, but there is no doubt that the relatively low house prices in Leicester when compared to other parts of the country mean that for many people, Leicester is an attractive prospect when it comes to setting up home. According to the latest figures from Zoopla, the average house price in Leicester is £231, 349 in comparison with Bristol where the average cost is £330, 365 and London where it rises to £656, 217.
Due to the increasing popularity of Leicester as a place to live and work, house prices are rising faster in Leicester than anywhere in the UK, although for now that increase is not bringing Leicester into line with the more unaffordable areas of the UK. For this reason, property is moving fast in Leicester. However, the city continues to offer a wide and varied range to suit all needs and requirements from city centre apartments for single professionals to detached family homes on the outskirts of the city.
As well as being named the top 10 city by PwC, Leicester has also picked up two impressive business-related accolades recently. A report by Tech Nation found that Leicester is the best place in the whole of the UK for tech start-ups. Not only that, the Start-Up Britain report named Leicester as the second best place in the UK to start a new business.
Again, Leicester’s great infrastructure and relative affordability means it’s no surprise that the city has become such an exciting and vibrant hub for entrepreneurs in the tech industry and other professions.
If you are looking for premises for your new Leicester-based business our highly experienced commercial team can use their unrivalled local knowledge to find you the property that best suits your needs.
Whether you are looking to sell a property in Leicester or relocate to this exciting East Midlands hub to live, work or both, we can help you with all aspects of your move from our conveniently located office in central Leicester. Call us today on 0116 242 9922 to find out more.