What do all these towns and cities have in common– Leeds, Manchester, York, Durham, Birmingham, Nottingham, Warwick, Leicester, Brentwood, , Bristol, Bath and North East Somerset, Exeter, Cherwell, , Guildford, Reigate and Banstead, and Tunbridge Wells ?
Well, they’ve all been earmarked by real estate firm Knight Frank and planning consultancy Barton Willmore as key areas of the UK where there is potential for construction and delivery of new homes. In a recent report, the above towns and cities were highlighted as prime areas for property investors to achieve good returns on new developments. Underpinning these locations are the excellent job prospects in the areas, key employers being located there and the strong growth in student numbers, all of which create a rise in demand for quality homes.
What is increasingly becoming evident is that investors are looking past London and focusing on the UK’s growing towns and cities because that is where the best returns can be gained. Manchester and Leeds have been specifically highlighted in the report as the cities with the greatest potential for future property development. In terms of economic growth, employment growth, affordability and liveability, both these cities scored highly as having the most opportunity for budding property investors.
For more information about exciting property developments across our great towns and cities, contact Barrows and Forrester now.