Yesterday Stephen Davies or PR Blogger, recently of Edelman London, announced he was heading back to his native North East. Here is his reasoning:
As much as I enjoy working in London, I simply can’t afford to stay here at this moment in my life. It’s an expensive city to live and work in and the purse strings have been tight for some time now. It would take me around four years of living on the breadline to even attempt to buy a garden shed around here.
I’d rather be making an attempt to get on the property ladder where I stand a better chance – at home. Not to say I’ll be able to but I’m going to give it a go. The state of the UK property market is a big worry to those that aren’t on it and the London market is completely saturated whereas the North East’s has potential. I guess I should have made an attempt to get on it a few years ago but I chose to put myself through college and university instead. Don’t regret it one bit though.
This is a real challenge for PR businesses in London and many other cities. Dublin is even worse. In these cities attracting people like Stephen is vital. Young talent like Stephen is the life blood of the creative and professional or financial service businesses that make up the bulk of most European urban economies. Getting affordable housing right is now a crisis issue for London and for many other European capitals where property prices are also on the rise. Frankly, I am very worrried on this score.
[tags] London Property Prices, PR Blogger, Stephen Davies, PR [/tags]