The Pros and Cons of Living Inner City
In recent years, the UK has rapidly returned to city-centre living. Since 2002, the number of people living in Liverpool city centre has more than tripled. As the newer generations choose to live in some of the most vibrant cities, they become more desirable to those looking at places to live. The high-rise buildings, cades, bars and restaurants are just a few reasons why people are choosing to live inner city when they have other options.
City centres are quickly becoming seen as a place for young people to live, with older generations returning to the suburbs to settle down. A hugely growing population for city-centre locations are students, with the vast expansion of university education, the population is bigger than ever. But what are the pros and cons of living in the inner city? Below is a list of the top things you’ve got to consider before moving into a city centre. It may be that you need someone to change your mind, or perhaps you’re already halfway there. Despite this, if you’re moving, you should be prepared for your new life inner city!
Pros
Property prices continue to soar
If you’re choosing to purchase a city-centre property, then you’re sure to love this pro. The good news is that city centre regeneration schemes mean that property prices increase over the years. Cities such as Liverpool and Manchester have had massive projects happening in recent years, which have meant that developments in these cities have considerably increased in value. Property companies like RW Invest have had a significant impact on the new developments throughout the city, and continue to show how capital appreciation is making those who invest a lot of money. However, keep in mind the city centre location you’re looking at, as it’s mainly northern cities that have had a property price surge.
Easily accessible and short commutes
Working professionals love living in the city centre as it gives them an easy commute to work. If you live in the city you work in, then you can step out of your door into your office. Plus, it’s better for the environment if you walk to work over driving or taking a train or bus anyway! The shorter commutes to work will mean you can be more productive in the morning. Spend your time either going to the gym or prepping your meals, rather than being stuck in traffic. One of the biggest benefits is that you will no longer have to worry about is hoping the traffic isn’t bad to get to work on time. City-centre living offers a more comfortable life, in every aspect.
Endless choices available
As there is a high demand for properties within the city centre, for both students and working professionals, the opportunities available are endless. There are budget options and also penthouses if you can afford it. There is also a wide range of townhouses across city centres too. Mostly, it’s up to you on the type of property you move into, but know you won’t be stuck for choice.
Cons
It can be expensive
Understandably it may be expensive living in the city. You can often find a home for half the price (through both buying and renting) when it’s in the suburbs. Plus, bills are more likely to cost a little more, and supermarkets could be harder to reach. Often, living in the suburbs gives you the freedom to shop in local markets, whereas city centre living doesn’t give you this choice.
The lifestyle isn’t suitable for everyone
Not everyone is suited to living in the city, you may love it, or it could be the wrong decision. However, it’s about trying a way of life. It’s fast-paced and exciting so be ready for the ride that inner-city living gives you. Families may want to avoid living in the inner city, as it’s typically only suitable for professionals and other people. This doesn’t rule out the lifestyle for you, though.