Apple News+ The Sunday Times
Why everyone under 30 is moving to Manchester
At present they rent a flat in Leeds, but the couple, aged 23 and 29, who met at university, looked around the capital, only to find that the cheapest flat they liked was £600,000 (256.000.000 Ft).
“The prices were crazy,” says Hwang, who works in digital marketing, with a side hustle YouTube vlog called Welcome to Soomin. They paid £320,000 (137.000.000 Ft) for the one-bedroom, 600 sq ft (56 négyzetméter) flat in Manchester, which is on the 45th floor. It doesn’t feel like they have settled for second best: the building has a gym, swimming pool, garden, tennis courts, co-working space and concierge; the area is teeming with bars, cafés and restaurants. “I like the fact that it’s very international,” says Castledine, who works as an SEO specialist for WasteOnline.uk. “Soomin is from Korea and Manchester has Korean restaurants and supermarkets. Because of WFH we can now live anywhere — my company is based in Doncaster and Soomin’s is in Liverpool. But we wanted to be in Manchester.”
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Affordability is a key draw: the average house price in London is £516,285 (221.000.000 Ft), which is 12.3 times the average annual gross salary; in Greater Manchester only 7.4 times the average salary is required to buy (the average price is £210,171 (90.000.000 Ft)), according to Movestreets, a property search app.