New research has revealed Bath and North East Somerset as the second biggest hotspot for 18-34 year olds, with a 2.72% increase in young people living in the area.
Coventry was named as the top UK hotspot for 18-34 year olds.
The research, conducted by regulated property buyer Good Move, used data from the Office for National Statistics to reveal the locations which are experiencing the greatest influx of young adults.
Coventry came out on top, with 18-34 year olds representing 32% of the city’s population – a 3.65% increase from 2012.
Coventry is followed in the rankings by Bath and North East Somerset (2.72%) and Exeter (2.4%).
The low unemployment rate, 3.2%, in Bath and North East Somerset has been highlighted as a factor for young people coming to the area, bettering the national average of 3.93%.
The city’s large student presence has also been noted as a reason for the increase in youngsters to the city.
The findings have been visualised in Good Move’s online, interactive tool First Home Hot Spots, which helps young people and first time buyers see the locations which are growing in popularity with their generation.
The tool shows where populations of 18-34 year olds are increasing, alongside other useful statistics, such as average house prices, the number of jobs available and average salary.
The top 5 UK hotspots for young people, which are seeing the largest relative increases in their population of 18-34 year olds, are:
- Coventry – 3.65%
- Bath and North East Somerset – 2.72%
- Exeter – 2.4%
- Canterbury – 2.24%
- West Lancashire – 2.04%
Ross Counsell, director at Good Move, said: “Young people bring money, innovation and life to a city and our research has highlighted the places currently benefiting from their interest.
“Buying your first home is a huge deal, with so many factors to consider. This is why we created our new online tool, as it clearly shows how different regions compare in the areas most important to young people.”
