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A third of tenants under-35 have moved home to return to the office

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A third of tenants under-35 have moved home to return to the office, but many say they’re struggling to afford rents

  • One in three young people have moved home in the past eight months
  • The moves are occuring as people are rushing back to work from the office
  • 27% of young people found renting a place to live within their budget difficult










A third of renters under-35 have moved home in the last eight months due to needing to be back in the office, according to a new survey. 

With workers increasingly shifting back to at least some time in the office, after the initial lockdown bursts of working from home, more tenants who may have moved out of major cities are having to move back closer to their workplace.

But the pressure for young people of trying to find an affordable place to live during the pandemic was highlighted by the research by home insurer Urban Jungle.

It said that 27 per cent of those polled aged 18 to 35 found renting a place within their budget has become ‘painfully difficult’ since the beginning of the pandemic.

One in three young people have moved home in the past eight months, according to new research

One in three young people have moved home in the past eight months, according to new research

The survey interviewed 1,037 people aged between 18 and 35 earlier this month and came as reports suggest more people are moving back to cities, chiming with workers returning to the office.

Separate research by property website Zoopla found that rents are rising at the fastest pace since 2008 as people rush back to city centres. 

Demand for lets in the central zones of Manchester, Edinburgh and Leeds at least doubled between June and September, compared to the first three months of the year, according to Zoopla.

It said in Birmingham demand had increased by 60 per cent – the property site said lettings were being buoyed by the return of office workers and students. 

It claimed the higher demand had ‘presented opportunities’ for landlords to raise prices and that even the hardest pandemic-hit city, London, was seeing increased demand.

Zoopla said rents were 4.6 per cent higher in September than a year before at £968 per month on average – the strongest growth seen in 13 years.  

The vast majority of young people have found elements of renting and moving house more difficult than before the pandemic. Just 4 per cent disagreed with that statement, said Urban Jungle.

The majority – at 60 per cent – also claim that they are at an ‘unfair disadvantage’ compared to the generations before them when saving money and managing their finances.

One contributing factor to this feeling of unfairness among tenants was being hit by unforeseen expenses – such as agency or legal fees. The research found that this was the case for 62 per cent of young people.

The vast majority of young people have found elements of renting and moving house more difficult than before the pandemic

The vast majority of young people have found elements of renting and moving house more difficult than before the pandemic

The research also highlighted some differences between men and women, with 46 per cent of young men having moved house in the last eight months due to needing to be back in the office, compared to only 25 per cent of young women.

At the same time, when looking for a place to live, women find it harder to get one within budget, with 30 per cent claiming this has become tougher than before the pandemic, compared to 22 per cent of men.

Urban Jungle blamed the gap on the continued long-term impact of the pandemic on women’s finances.

Jimmy Williams, of Urban Jungle, said: ‘It was important to us to take a deep dive into the feelings of young people in the ever-changing world of renting – that’s become more turbulent than ever thanks to huge societal shifts as a result of the pandemic.

‘It’s staggering to see that so many young people are struggling to find affordable places to rent and are being stung by unforeseen costs, which is hugely unfair as many need to be in certain areas for their jobs.’

The research matches up with recent data from the Office for National Statistics, which showed that 67 per cent of working adults are now travelling to work again in some capacity.

Separate ONS data found that only the top 25 per cent of earners in London were able to privately rent a property in the city at an affordable rate last year.

Zoopla revealed how rents are rising in major cities across the UK

Zoopla revealed how rents are rising in major cities across the UK 

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Liverpool ONE welcomes Tessuti (GB)

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Grosvenor has announced that designer retailer, Tessuti, has opened its new global flagship store at Liverpool ONE, demonstrating the brand’s ongoing vote of confidence in the destination. The new location on Paradise Street follows Tessuti’s consistently strong performance at Liverpool ONE and spans two floors measuring 22,000ft². Boasting Tessuti’s biggest store to date, this is four times the size of the previous Liverpool ONE site. The store interiors have been styled with a subtle nod to classic Italian architecture whilst incorporating state-of-the-art technical features, combining classic design with an industrial-chic colour palette and cutting-edge digital screens. Working with local Liverpudlian digital and production agency Liquid, the new Tessuti store has exclusive instore stills and videos showcasing exciting campaigns; the first of which is rumoured to feature Liverpool stars Stephen Graham, Abbey Clancy, Miles Kane and Chelcee Grimes.

 

Aligning with Liverpool ONE’s community ethos, Tessuti’s new global flagship will also support the vibrant community in the heart of Liverpool, championing local businesses through collaborations, pop-ups, and in-store events.

 

Alison Clegg, Managing Director, Asset Management, Grosvenor, commented: “Tessuti’s commitment to Liverpool ONE, through its relocation within the destination and decision to make the new store its global flagship, strengthens our position as one of Europe’s leading retail and leisure destinations. The impressive growth trajectory of Tessuti within Liverpool is a great indication of the potential for success and expansion of other brands that join Liverpool ONE.”

 

Chris Rowan, Director of Brand & Customer Connection at Tessuti, added: “The opening of our global flagship at Liverpool ONE is a huge moment for us. Liverpool is an urban hub for international fashion retailers, so upsizing and relocating within the city’s leading retail and leisure destination was a natural next step. We feel confident that it is the ideal home for our flagship location, and are excited to offer Liverpool ONE’s visitors our most stylish project yet.”

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What you need to know about having a home swimming pool

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This summer, it’s not just sales of rosé wine and ice cream that have rocketed during the heatwave. Interest in swimming pools has also surged.

‘This sweltering summer has undoubtedly inspired people to install swimming pools,’ says Sallie Leslie-Golding of the Swimming Pool and Allied Trade Association (SPATA). 

‘There are now 270,000 in-ground pools in the UK, with about 65 per cent of them in the southern half of the country.’

There is something incredibly glamorous about a Hockney-blue pool. But how does the reality match up to the imagery?

Refreshing: Church House in Potterne, Wiltshire, is on sale for £1.95m. Interest in swimming pools has surged with the hot weather

Refreshing: Church House in Potterne, Wiltshire, is on sale for £1.95m. Interest in swimming pools has surged with the hot weather

‘It’s been wonderful to be able to take a swim at the end of a long day,’ says Felicity Cooper, 55, who in 2006 installed a 12m x 6m pool outside her country house in Potterne, near Devizes, Wiltshire. 

‘It has also been great for the children, Lily and Ryan, who learnt to swim here.’

Felicity stresses the importance of finding the right setting for a new pool. 

She ensured hers was west-facing to catch the evening sun; then she went to the trouble of digging out a mini-amphitheatre so that the displaced earth formed a windbreak around the pool itself.

‘The pool is the optimum distance from the house, being not so near that it detracts from the garden and not so far away that anyone in trouble would not be heard by those inside.

‘It is far from trees so few leaves blow into the water and, with the children in mind, it has a top quality safety cover. Felicity’s six-bedroom Jacobean stone house standing in 1.7 acres is for sale for £1.95 million.

Opinions vary as to whether an outdoor pool helps or hinders a house sale. Some think that the hassle of maintenance may be off-putting to buyers. However, the property buying agent, Jonathan Harington, disagrees.

‘I have had many clients come to me with a pool on their wishlist of luxuries,’ he says. ‘But I have never had anyone say they wouldn’t buy a house because of the pool. If they felt strongly they could easily fill it in anyway.’

Yet owning a swimming pool is an expensive hobby. An above-ground pool — like a giant paddling pool — costs from £1,500 to £15,000. These pools may not quite cut it in terms of glamour, but their lower water capacity means maintenance costs are more reasonable.

For those looking at a more substantial in-ground pool, one with a liner finish of PVC will cost about £75,000. A concrete pool, finished with mosaic tiles, marbled plaster or paint will be about £125,000.

Larger projects can easily cost hundreds of thousands of pounds. 

You may opt for an infinity pool — a pool designed with an edge that gives the illusion that the water is overflowing. 

Those who want to improve their fitness may have a counter current device installed; the equivalent of swimming on a treadmill.

Many pool owners are interested in sustainability and heating the pool with solar panels is popular, as are covers that help heat retention.

Maintaining an outdoor swimming pool is expensive. The cost of heating and chemicals has increased so buyers should budget for at least £8 to £10 a day, dependent on the weather, according to SPATA.

Anyone fancying a workout in their own home may be interested in Ivy Cottage, Grendon, Northamptonshire.

Outside, the four-bedroom cottage is a 10m x 5m pool neatly positioned in the north-west corner to catch the sun.

‘After swimming in the pool, you could go running, riding or cycling on the countless trails nearby,’ says Ian Denton, of Jackson Stops. ‘It’s a lifestyle amenity in your own garden.’ Ivy Cottage is for sale for £825,000.

On the market… splash out 

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Radisson launches new resort in Greece

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Radisson Hotel Group has launched its latest Greek resort in Skiathos. Skiathos, the westernmost of the Sporades islands, is known for its stunning coastline of more than 60 beaches with soft sand and clear blue waters, as well as sea caves, impressive rock formations, and hiking trails on the tree-covered hills along the north shore made famous as the location for the filming of Mamma Mia. The island’s Byzantine churches and monasteries, Venetian-style Bourtzi fortress, and Papadiamantis House with its typical architecture are important parts of the island’s rich history.

 

The resort’s 84 rooms and suites are decorated in a modern, minimalist style, and most of them offer views of the hotel pool or the sea. Private balconies or terraces are available in select rooms, and the resort’s biggest suites feature private whirlpools for ultimate privacy and relaxation. The resort is ideally suited for weddings with its own on-site orthodox chapel and versatile outdoor pool area that offers receptions with stunning views. The main all-day dining restaurant celebrates Greek and Mediterranean flavors on its lunch and dinner menus. The poolside bar offers breakfast treats and late-night snacks as well as a wide selection of drinks and an extensive wine list. For guests looking to keep up their fitness routine, a well-equipped gym is available.

 

“We are excited to offer our guests a fantastic resort experience on the beautiful island of Skiathos, as we continue to expand our Greek resort portfolio. Radisson Resort Plaza Skiathos allows guests to switch off and relax surrounded by stunning natural beauty,” said Yilmaz Yildirimlar, Area Senior Vice President at Radisson Hotel Group.

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