While London’s career opportunities, buzzing nightlife, and multicultural mix once drew 20- and 30-somethings in their droves, the intense and expensive way of living is putting many people off – and at a younger age than in the past. How are other parts of the UK attracting Gen Yers away?
Spiralling costs for British startups wanting to set up shop in London are putting off entrepreneurs from setting up shop in London. Yet while the city's 'Silicon Roundabout' is still experiencing growth, people are feeling more comfortable moving their businesses to more provincial areas.
As Britain gears up to roll out 5G in the coming years, the technology promises to transform life for people nationwide, especially those in rural regions. While urban centres tend to have much better connectivity, it is hoped that this mobile upgrade will reinvigorate more remote areas.
“When a man is tired of London, he is tired of life,” so the saying goes. But men and women between the ages of 30 and 39 are fleeing the capital. Are property prices just driving them out, or is London really cooling? Will the supposed mass migration prompt a rebalancing of pricing and opportunities?
The cream of Germany’s creative scenes are leaving the capital behind for a simpler way of life in Brandenburg. But they don't want to forego city comforts – which offers interesting prospects for commercialisation strategies in the fields of wellness, gastronomy, retail and architecture.