Why Should You Invest in Newcastle Property?
Naturally, global investors looking for high yields and returns from their UK investment and so are focusing away from London .
Savills’ forecasts that, by 2024, property in North East England will have enjoyed among the highest levels of price growth in the UK, with an expected growth of 21.7% along with rents estimated to increase consistently by 4.5% per annum.
Such high levels of growth and appreciation would not be possible without an ever growing population and such high skilled workers, specifically in the tech industry. Being an integral part of the Northern Powerhouse, with approximately 1.6 million people living in the city and being one of the fastest growing economies in the UK, Newcastle is already home to multinational companies such as Siemens, Nestle, Proctor and Gamble, Virgin Money and Barclays.
Newcastle’s property investment market has had a more steady growth than say Manchester, making it a more affordable city with more room for potential growth to invest in.
As the old saying goes, once something becomes a trend, it means that you have already missed it. Investing in Newcastle today is comparable to investing in Manchester or Liverpool 10 years ago, so are you ready to get ahead of the property investment trend?