{$inpagemarkup}

Search News

Results: 221-230 of 699


UK bike sales hit 20-year low but long-term outlook remains positive

22 Feb 2023

The Annual Market Data Report for 2022 from The Bicycle Association (BA) reports annual cycle sales in the UK fell to 1.88 million units in 2022, a 20-year low, 27% below pre-COVID levels in... Read more…

Nottingham revealed as UK’s best spot for homebuyers who want a thriving indie retail scene

13 Feb 2023

New research by estate agent comparison site, GetAgent.co.uk, has analysed the number of independent shops found across 15 major UK cities to find which presented the most independent retail... Read more…

New data reveals the most and least expensive retail rental areas in the UK

13 Feb 2023

New data from insolvency specialists Real Business Rescue, which analysed current commercial retail listings to find the most and least expensive areas in the UK for business owners to open... Read more…

Tackling retail crime a priority, says Policing Minister

13 Feb 2023

The Policing Minister Chris Philp has said that tackling retail crime is a priority.
Read more…

The 1975 named as ambassadors for this year’s Record Store Day

13 Feb 2023

Record Store Day has unveiled indie rock band The 1975 as this year’s RSD ambassadors.
Read more…

Bike prices predicted to fall in 2023 due to excess stock, but not across the board

6 Feb 2023

Predictions of a slowdown in demand for bikes may contribute to an industry-wide decrease in prices, with the Bicycle Association reporting UK bike sales down by a quarter against Covid levels.
Read more…

Nearly two thirds of consumers committed to sustainability despite cost-of-living pressures

2 Feb 2023

A new report from Shopify has shown that sustainability conscious shopping is on the rise. Consumer interest in green products has remained robust, despite inflation and other economic... Read more…

Shop price inflation hits record heights & peak is yet to arrive

2 Feb 2023

Shop prices have reached record highs after inflation accelerated in January, with a warning that the peak is yet to arrive.
Read more…

Proposed deposit return scheme could put strain on indie retailers

2 Feb 2023

A new deposit return scheme announced by the Government to make it easier for people to recycle plastic bottles and drink cans will put a strain on independent retailers, according to industry... Read more…

Shop occupancy rates improve despite cost-of-living crisis

30 Jan 2023

The number of shops lying vacant on British high streets fell during the final three months of 2022, despite pressure on both companies and consumers from the rising cost of living.
Read more…

Back to news menu

Nottingham revealed as UK’s best spot for homebuyers who want a thriving indie retail scene

Posted on

New research by estate agent comparison site, GetAgent.co.uk, has analysed the number of independent shops found across 15 major UK cities to find which presented the most independent retail offering for homebuyers, before refining the list based on those areas with a below-average house price.

Nottingham Street

Despite London dominating the independent store scene in terms of pure numbers, with a far higher population, this amounts to just 3.7 indie shops per 100,000 people and with an average house price of £542,311, the city comes in 84% more expensive to buy a home when compared to the current UK average.

Both Bristol and Edinburgh are also home to some of the highest levels of independent shops equating to 21 per 100,000 people in Bristol and 14.4 per 100,000 people in Edinburgh. But with an average property price tag of £365,658 and £334,113 respectively, they also cost considerably more than the national benchmark.

Leeds is home to an average house price some -16% below the national average and it also has the third-highest total number of independent shops on the list at 72. However, with a population of 809,036 people, this equates to just 8.9 independent shops per 100,000 people.

Nottingham ranks top as the independent enthusiast homebuyer hotspot of the UK. The city is home to an average house price of just £192,170, some 35% less than the UK average. What’s more, the city also boasts 53 independent shops, equating to 21 per 100,000 people - the second highest proportion of all cities on the list behind Bristol.

Newcastle and Manchester also rank within the top five in terms of the highest proportion of indie shops, with Newcastle home to 12.1 per 100,000 people and Manchester boasting 10.7 per 100,000 people. Both cities are also home to a more affordable property price tag, coming in 35% and 20% below the UK benchmark.

Colby Short, Co-founder and CEO of GetAgent.co.uk, commented:

“While the Waitrose effect may have been a draw in previous years, we’re seeing more and more homebuyers value a thriving independent scene when looking to buy in a given community.

"Whether it be a unique nightlife, boutique stores, or independent eateries, indie shops provide a wider range and a more diverse offering when compared to big brand stores.

"They also encompass a greater sense of community, and this has become increasingly important to homebuyers since the pandemic.

"So move over Hackney, Nottingham is the nation’s best spot for hipster homebuyers when it comes to the highest proportion of indie shops and house price affordability.”

Back to news menu

Useful links

If you have any other queries please contact us.