For the best opportunities it is important to look outside of London, the commuter towns of Reading, Staines and Slough and further north towards Birmingham and Manchester.
Within Birmingham, the Digbeth area and Jewellery Quarter, along with properties along Coventry Road are seeing the highest growth.
Within Manchester, Salford and Northern Green Quarter of Manchester City Centre have witnessed strong growth.
We believe that properties within the £350,000 to £500,000 mark will offer the best opportunities in this time. Regardless of the current economic climate, we see an underlying strength in this price bracket as it represents areas undergoing great regeneration and as catchment areas to bringing growing populations. This means higher rental yields and capital gains.
Three such areas are identified as follows:
The £500m expansion plan for Birmingham Airport will be bringing a huge number of jobs and high growth commercial activity both local and foreign to the area making Coventry Road one of the top investment spot for years to come. This is part of the HUB Growth and Infrastructure vision to deliver world -class infrastructure and development needed to power growth across the region. It’s a unique regeneration bringing together a combination of existing, world class assets to create Europe’s best- connected destination for leisure, business and living.
Reading is only 22 mins by train and with the Crossrail now open, passengers don’t need to change trains to get across the city. University of Reading is internationally renowned creating a huge footfall in the town, attracting widespread investment as well as job creation. Reading is one of the top places in the UK to do business, beating major locations like Nottingham and Glasgow. It also has the highest wages outside of London.
It has a strong technology sector and holds the top place for the city most likely to grow the most in the next few years.
Rental yields around the Salford area have been very strong for some time now. It is known as a hub for academic and business talent and houses. UK’s Media City which is where all the communication powerhouses have their head offices. With an already tremendous amount development, the city is splendid and exciting to live in. With the £1bn regeneration of Media City, Salford has seen an increasing rental demand and property price boosting the economy.
For information on developments within these regions, please contact us and one of our experienced agents will be in touch shortly.