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What Is Sustainable Urban Living?
Creating a better quality of life for residents and tourists is at the heart of sustainable urban living. By embracing this concept, cities are building greener public spaces and investing in sustainable technologies and public transport. The idea of a 15-minute city is the main aim of most regeneration projects, seen in the likes of Leeds South Bank and Grand Central Birmingham, and makes it simpler to travel around the city without a car, with everything residents could need within walking distance. This encourages healthier living and keeps air pollution to a minimum.
Green Regeneration Projects
Creating more green spaces and improving the public realm is the main factor of sustainable urban living. Large regeneration projects like Leeds Innovation Arc and Birmingham’s Future City Plan aim to improve connectivity, within and out of the cities, and create new homes and green spaces to benefit the economy and increase the desirability of the area. From creating city parks to implementing green architecture like living walls can support the ecosystem and help cities towards carbon neutrality, improving the air quality and residents’ mental health. Sheffield alone has the highest tree-to-person ratio in Europe, being home to over 2 million trees, 250 public parks, and over 52 square miles of national parks.
Many promising projects are planned or underway across the North of England. Projects in Liverpool, Manchester, and Hull, have the benefit of residents and visitors at the forefront. It is improving and promoting sustainable urban living that creates a thriving green city in the process. This increases desirability. Especially as most projects are also improving transport, rental demand will drastically rise as people migrate to these areas.
Promoting walking, cycling, and using electric vehicles aims to decrease congestion, reduce carbon emissions, and improve the health and well-being of cities. Many regeneration projects have been improving roads and more accessible cycle routes, with bikes for hire swiftly becoming a common sight over the years in cities like London, Liverpool, and Manchester.
Encouraging public transport, too, whether by bus or train, significantly reduces carbon emissions. Trainline claims that travelling by train emits 70% less CO2 than by car. Now, with all-electric buses making their way across the country and the zero-carbon HS2 Railway Project currently underway, travelling by public transport will be even more rewarding.
The electric car revolution is growing every year, especially with the country’s aim to end petrol and diesel car sales by 2030. To support this, cities like Bradford, Birmingham, and Sheffield, (and soon Manchester) have introduced Clean Air Zones to encourage lower-emission vehicles. It is no surprise that London is the city with the most EVs and public chargers. Birmingham has over 60,000 EVs and less than 100 charging stations with the plan to meet the growing demand. Leeds currently has 18,000 electric vehicles and 130 public charging stations. In comparison to both Birmingham and Leeds, Manchester has 213 public chargers with only 2,000 registered EVs. However, this does not mean that residents think little of electric vehicles. In fact, 70% of Mancunians believe that EVs are the future.
Investing in the Future
From embracing green technology like Hull to the growing demand for energy-efficient properties, investing in green cities offers fantastic opportunities for continuous capital growth. As young professionals migrate to green cities, there will be a demand for high-efficiency rental properties.
To us at CityRise, it is simple. The key to investing is looking to the future, which is exactly what green cities are doing. Investors should look to green cities. Here, regeneration projects and sustainable urban living thrive. Investors should secure property here to build a portfolio and generate the best returns.
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