"Flying Solo" - Bournemouth named second top town for people able to rent alone

"Flying Solo" - Bournemouth named second top town for people able to rent alone

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YOUNG professionals in Bournemouth are bucking the national trend and managing to afford to rent a place of their own, a study has revealed.

The town centre is one of ten locations nationwide identified as a hotspot for “Flying Solo” in a survey by Experian.

It says Bournemouth, along with other towns and cities such as Guildford, Uxbridge and Oxford, offers affordable rental property for young adults between the ages of 18 and 25 on starter salaries.

And it said those in the “Flying Solo” category are enjoying life and not worrying about the future.

In contrast, a study by charity Shelter has revealed that more young adults across the UK than ever are still living with their parents.

An estimated two million working adults between 20 and 34-years-old are still in the family home because they cannot afford to rent or buy a home.

Campbell Robb, chief executive of Shelter, called for action to help them and said: ''The 'clipped wing generation' are finding themselves with no choice but to remain living with mum and dad well into adulthood, as they struggle to find a home of their own.

''Rather than pumping more money into schemes like Help to Buy, we need bolder action that will meet the demand for affordable homes and not inflate prices further.”

Comments (10)

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10:16am Tue 29 Jul 14

Rednax says...

er, welldone Bournemouth I guess
er, welldone Bournemouth I guess Rednax
  • Score: 0

10:16am Tue 29 Jul 14

BarrHumbug says...

And how many of those "flying Solo" are in HMO's I wonder?
And how many of those "flying Solo" are in HMO's I wonder? BarrHumbug
  • Score: 3

10:23am Tue 29 Jul 14

BmthNewshound says...

"affordable rental property for young adults between the ages of 18 and 25 on starter salaries."...... in Bournemouth ? Really ?
.
The location of these properties must be a closely guarded secret known only to Experian.
"affordable rental property for young adults between the ages of 18 and 25 on starter salaries."...... in Bournemouth ? Really ? . The location of these properties must be a closely guarded secret known only to Experian. BmthNewshound
  • Score: 9

10:30am Tue 29 Jul 14

High Treason says...

Must be on high wages. Flats in BH1 are £800 pm plus council tax, plus utilities. £300 a week take home pay, just to survive. Must be managers at the council.
Must be on high wages. Flats in BH1 are £800 pm plus council tax, plus utilities. £300 a week take home pay, just to survive. Must be managers at the council. High Treason
  • Score: -1

10:41am Tue 29 Jul 14

wool525 says...

landlords cheap rent, that's why most of there properties are such a mess, just a quick buck
landlords cheap rent, that's why most of there properties are such a mess, just a quick buck wool525
  • Score: 1

11:00am Tue 29 Jul 14

Azphreal says...

What a pointless report and story,if i lived in a tiny bedsit i would still be renting,why not actually investiagte and see what TYPE of property they are renting?
What a pointless report and story,if i lived in a tiny bedsit i would still be renting,why not actually investiagte and see what TYPE of property they are renting? Azphreal
  • Score: 2

1:13pm Tue 29 Jul 14

jinglebell says...

The Echo might have had more of a story rather than a meaningless headline if they filled in the blanks. For example, what is Experian's definition of "starter salaries" - that could be £25K? How do they define "young professionals", and how many "young professionals" are there in B'mth - there could be only 10 but all in flats, whereas?
To get a grip on what any of the story means requires some definitions and fuller detail and if there is not room for the article in the Echo to provide detail on whatever day because of space required for more pressing news, don't run it when it does not inform.
The Echo might have had more of a story rather than a meaningless headline if they filled in the blanks. For example, what is Experian's definition of "starter salaries" - that could be £25K? How do they define "young professionals", and how many "young professionals" are there in B'mth - there could be only 10 but all in flats, whereas? To get a grip on what any of the story means requires some definitions and fuller detail and if there is not room for the article in the Echo to provide detail on whatever day because of space required for more pressing news, don't run it when it does not inform. jinglebell
  • Score: 4

2:59pm Tue 29 Jul 14

M0Z says...

Rubbish headline. Most of the local jobs seem to be close to the minimum wage – financial services admin, hospitality, retail, tourism etc. I know people that do this, and even working full time they only earn £14-15k. They can just about afford to rent a room in a shared house, run a car and have a bit of a social life. They certainly can’t afford to rent a place on their own. I personally think Bournemouth is one of the least affordable places to work because wages are low and house prices are inflated by second home owners and wealthy retired folk relocating here.
Rubbish headline. Most of the local jobs seem to be close to the minimum wage – financial services admin, hospitality, retail, tourism etc. I know people that do this, and even working full time they only earn £14-15k. They can just about afford to rent a room in a shared house, run a car and have a bit of a social life. They certainly can’t afford to rent a place on their own. I personally think Bournemouth is one of the least affordable places to work because wages are low and house prices are inflated by second home owners and wealthy retired folk relocating here. M0Z
  • Score: 8

5:17pm Tue 29 Jul 14

UbelievableJeff says...

I agree with the previous comments really, there is nothing substantial in this story to corroborate any type of claim that Bournemouth is affordable for lone renters. Most of us who have lived here a while would be to differ, although I doubt its dissimilar anywhere else these days.
I agree with the previous comments really, there is nothing substantial in this story to corroborate any type of claim that Bournemouth is affordable for lone renters. Most of us who have lived here a while would be to differ, although I doubt its dissimilar anywhere else these days. UbelievableJeff
  • Score: 1

7:01pm Tue 29 Jul 14

O'Reilly says...

M0Z wrote:
Rubbish headline. Most of the local jobs seem to be close to the minimum wage – financial services admin, hospitality, retail, tourism etc. I know people that do this, and even working full time they only earn £14-15k. They can just about afford to rent a room in a shared house, run a car and have a bit of a social life. They certainly can’t afford to rent a place on their own. I personally think Bournemouth is one of the least affordable places to work because wages are low and house prices are inflated by second home owners and wealthy retired folk relocating here.
Bournemouth and the Isle Of Wight have always paid low wages.....when I queried this with an old employer he informed me that I lived in a very desirable area......so that's all right then.
[quote][p][bold]M0Z[/bold] wrote: Rubbish headline. Most of the local jobs seem to be close to the minimum wage – financial services admin, hospitality, retail, tourism etc. I know people that do this, and even working full time they only earn £14-15k. They can just about afford to rent a room in a shared house, run a car and have a bit of a social life. They certainly can’t afford to rent a place on their own. I personally think Bournemouth is one of the least affordable places to work because wages are low and house prices are inflated by second home owners and wealthy retired folk relocating here.[/p][/quote]Bournemouth and the Isle Of Wight have always paid low wages.....when I queried this with an old employer he informed me that I lived in a very desirable area......so that's all right then. O'Reilly
  • Score: 0

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