While the UK property market may be a little unpredictable at times, there is one thing for sure. This is that London property prices and the associated cost of living will continue to rise proportionately to earnings in the UK, with the average value of homes in the capital set to reach £550,000 by the year 2020. This is encouraging many to either sell their property and move out of the capital or seek out innovative commuting solutions to reduce their cost of living, although some go further than others in the quest to save money!
While many people may save money by residing in Coventry and the West Midlands and commuting to London for the purposes of work, for example, one man went even further in a bid to raise awareness of the issues facing UK citizens. More specifically, he chose to move to the sunny surroundings of Barcelona while heading into his London base during the week. The results of Sam Cookney’s endeavours were mixed, as while he partially proved his point it should be noted that he only had to commute from Spain to his Farringdon office once a week on average.
In terms of the details, Sam’s typical day starts when he rises at 4.30am for an early morning flight from Barcelona to London. The traffic is minimal, and the close proximity of Sam’s office to Gatwick Airport means that he is often at his desk at 9.30am. He is also afforded the opportunity to sleep during the commute, while the cost equates to a total spend of between 80 and 100 Euros. This is relatively cheap, and affordable when you consider the inflated nature of London wages.
Before you consider such a move, however, you need to consider whether or not it is right for your specific circumstances. After all, Sam’s commute was only viable for him as he completed it once a week on average, particularly as he initially lived within the confines of the capital. The commute cost from Europe may be palatable if you already travel from outside of London by train, so this is something to consider.
It cannot be disputed that moving outside of London helps to reduce your cost of living, however, which in turn enables you to save money and optimise your annual earnings. This can lead to a better lifestyle, so a long-distance commute to London is certainly worth consideration for young professionals.