Living in London vs Manchester? The idea of living in London vs living in Manchester has been a subject of argument for a long time. It essentially stems out from the North and South divide. The concept uses a line to split England into two parts with different socio-economic conditions and cultures. Thus, for someone who is planning to relocate it is tough to decide whether they would be better off living in London or living in Manchester. Both cities are an important part of England and offer some of the best living standards throughout the country. They act as a major urban settlement and are the top choice of professionals that are looking for accommodation. Similarly, the majority of the business activities are conducted in these cities. This video acts as a guide to help you navigate through the decision process so that you can choose what suits you best. While living in both the cities is full of excitement and interesting activities, there are some major differences in terms of lifestyle, cost of living and salaries.
Property Prices
London and Manchester have a great reputation in terms of real estate. They are often considered as best places to invest in property in all of England. Both cities offer the finest real estate in the country and are on the list of every major property investor. If you are planning a short visit to either city finding accommodation for yourself is not an issue. You can easily find a place to rent or stay, that suits your budget as there are numerous options to consider. However, if you are thinking of a long-term settlement, property prices and cost of living to place a vital role in the decision-making process.
London is renowned for its expensive real estate. Being the capital city, even the smallest piece of land comes at a high cost. This is majorly because of two reasons. All major real estate firms tend to invest in London and also because the city has a high influx of visitors each year. This allows for realtors to become price setters as multiple buyers are willing to pay the price. But more recently, property prices in the city are on a decline and you can use this to your advantage.
On the other hand, real estate prices in Manchester are relatively low. In fact, it is often claimed that the average property prices in Manchester are one-third of that in London. This means that you can buy a much larger real estate in Manchester in comparison to London, within the same budget. The same goes for rentals. The estimated average salary of a graduate living in the city of Manchester is 18,000-20,000 per annum. This might seem a lot less in comparison to London where the average salary starts from 20,000 per annum and goes as high as up to 28,000. However, the difference in property prices settles the debate.
A one-bedroom apartment within the city center approximately costs you 650-800 pounds per month and if you prefer to live outside the city center, the prices are even less. A one-bedroom apartment or studio would only cost you 450-500 pounds. Compared to London, the same accommodation would cost you around more than 1200 pounds. Therefore, people in London often live in shared spaces where two or more individuals share an accommodation to make it more affordable. This makes it evident that even though London offers higher salaries, the cost of living and real estate prices is lower in Manchester making it more affordable.
Economy and Career Opportunities
London is the largest Metropolitan area of England and it is no surprise that it is one of the strongest and most diverse economies not only in England but all of Europe. Thus, London was always given a priority over other cities by individuals looking for job opportunities and companies that wanted to conduct business. However, this is not the case anymore.
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