Is There A Reverse Tendency Developing Wherein People Are Selling Up In The Country To Retire To A Smaller Place In The City? September 7, 2010
Posted by janey in : general finance , trackback“Escape to the country” is one of the best known TV programs about selling up in the city or large town and moving to, well , “The Country” , whatever that actually turns out to be. And it’s not hard to see why. Given the opportunity who wouldn’t want to swap busy , overcrowded city life for a chance for a healthier , closer to nature lifestyle in the British countryside?
Well that could have been been the case about fifteen years ago but there is something a bit unusual happening these days. There is a small but developing trend for a few people who have established themselves in the countryside to give it all up and move from the rural environment back into an urban setting. “Utter Madness!”, I hear you shout . “I would never Sell My House in the country and relocate back to the city”. Well let’s have a look at some of the reasons for this role reversal and investigate why We Buy Homes in the country only to give it all up and move back to the city.
When We Buy Houses it’s usually with a viewpoint that our situations will continue to be financially sound well into the future. And most likely this can be a reasonable assumption as if the sale of an expensive house in the city has filled the coffers and the employment or business situation looks rosy then there’s no reason to assume things will not continue. But the ongoing and continuing recession has disproportionately affected rural setting and with finances tightening in the countryside then if someone moves to the countryside to build a rural business to maintain their lifestyle then things were a lot more promising three to four years ago than they do now. A relocation to the countryside based on starting up a local business may have seemed like a good idea at the time but could well end up as a broken dream meaning a move back to the urban conurbation a financial necessity.
In some cases We Buy Houses with a view to a gradual or stepped move to a permanent residence in the countryside. Thus a “weekend commuter” way of lifestyle could be somebody’s idea of having the benefits of moving to the country whilst maintaining the financial benefits of working in a larger town or city. But after a few years of traffic jams, worrying about an unoccupied house in the week or forced absence from the family , and the rushed weekend break only for the whole cycle to start again next week can take it’s toll and start the process of thinking of whether to relocate back to the city and enjoy a bit of stability without the country views! (By the way I fell into exactly this situation and was coerced to Sell My House in the country and move to the metropolis of London so I know all about this reason).
Another reason is the tightening of the gap between property prices between rural and urban properties . Often We Buy Homes based on perceived value , or even actual value. By this I mean that a five bed detached cottage in The Gower with breathtaking countryside views obviously means better value than an apartment in the city. But with property prices inactive or even falling in urban areas and reasonable quality properties in rural areas commanding a premium these days , then it is fair enough for certain rural property owners to consider a move back to the city if they have issues with the countryside , and take a step up the property ladder with regards to the new city property purchase.
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