Young professionals attracted by the bright lights of city living
26 May 2012
When it comes to putting down roots, living in the big city holds the biggest allure for aspiring young professionals. The latest research from Bank of Scotland reveals that the Leith and Victoria Quay area of Edinburgh is the leading property hotspot for Scotland’s career minded young adults.
Nitesh Patel, Housing Economist at Bank of Scotland, said:
"The typical profile of young professionals is that they tend to have university qualifications, are in well paid occupations and like to take full advantage of living in or close to the city, either for work or leisure purposes. Our analysis certainly supports this with areas within Edinburgh, Glasgow and Aberdeen identified as the leading hotspots for young aspiring urbanites.
"Unlike in many other parts of Britain, young buyers in Scotland don’t always have to pay a significant premium for a property to live in these areas. In fact, in many of the leading hotspots young professionals can benefit from prices that are lower than those in the city as a whole."