“We’re seeing folks transfer out of town and go to more rural areas, which have lower disposable revenue because they don’t have metropolis industries,” he says. Shah says that this displays a “race to space” as the pandemic has impressed many to move away from the town centre. [newline]Ceredigion on the Welsh coast skilled the very best inflation of almost 33% over the past two years, despite being within the backside third of UK native authorities for average weekly wages. The South West was the area with the highest annual house price and rent inflation, closely adopted by the East of England. “Only 4% of younger folks between the ages of 25 and 34 have enough financial savings and earnings to access the typical first-buyer property, which implies that a large quantity are forced to lease,” he says. The value of the average UK house increased 10% in the year …