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Archive for January 2nd, 2008

More and more London workers are deciding to move nearer their places of work so as to avoid long, stressful and expensive commute.

Previously, people felt that their expensive and tiring commute was traded off with lower rent or mortgage repayments, but now, the tables have turned.

Living in Central London – the trade-off;

Benefits:

  • Saving on travel (Tube and train)
  • Improved energy levels with later starts
  • Improved fitness with walking to work
  • Savings on congestion charge (although from October 2008, if new proposals are agreed the residents discouny will no longer apply)
  • Closer to entertainment
  • Can socialise after work without worrying about the long journey home at night
  • Shorter commute

Costs:

  • Higher rent or mortgage
  • Probably have to downsize

When the benefits are presented they really are tempting to take up, so will the suburbs empty out? Watch this space…

Source: The London Lite 5th December 2007

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