Here at Property Moose we aim to provide our investor community with opportunities to build as diverse a property portfolio as possible, be it HMO’s, mixed use or single family lets, in the North, Midlands, South and even the mystery market of London.
However, as the Moose is only found in the Northern hemisphere, we thought we’d highlight some of the studies carried out which suggest why ‘the North’ is a great place to invest.
In a recent study, HouseSimple (1) predicated what the top 10 living hotspots for the next decade will be, they featured Manchester in the number one spot on a list that didn’t see the current leader (London) feature. Other Northern hotspots that featured were Ilkley and Rotherham.
Manchester has been one of the leading lights in the ‘Northern Power House’ concept and has been seeing steady growth over the last several years (5). The move of the BBC to Media City, and the current construction of a high speed railway connecting Manchester with other northern cities as well as London, it is becoming a great commuter hotspot, especially for those wanting to avoid the rapidly increasing property prices in London.
But what about the North East? After all, it is home to our latest property in County Durham. The Royal Institute of Charted Surveyors predicted a 3% rise in property prices in the North East in 2015 (2). And in a recent forecast by Oxford Economics, the average cost of homes in the North East will double over the next decade, rising to £277,558 by 2030 from £162,345 today (3).
But let’s not forget that just as quickly as property prices can rise, they can also fall, so it is always worth taking into consideration the risk in such investments. This is why we believe it’s so important to have as diverse a portfolio as possible.
Other findings confirm that the North could be a good place for property investment:
- A report by the Institute for Public Policy Research (IPPR) found the economy of the North to be worth £289bn. (4)
- Meaning if it were its own country it would be the EU’s 10th largest economy. (4)
- The population of the five biggest northern cities has grown by 5.4% in the last decade. (4)
So, if this is fostering an interest in investing in the North, you can check our latest property in the North East or speak to one of our team on 020 7022 0987.
Disclaimer and Legals
Property Moose does not provide any advice in relation to investments and you must rely on your own due diligence before investing. Please remember that property prices can go down as well as up and that all figures, rates and yields are projections only and should not be relied on. If in doubt, please seek the advice of a financial adviser. Your Capital is at risk if you invest. This post has been approved as a financial promotion by Resolution Compliance Limited.
Property Moose is a trading name of Crowd Fin Limited which is an Appointed Representative of Resolution Compliance Limited which is authorised and regulated by the Financial Conduct Authority (no: 574048).
Sources:
2) http://www.rics.org/uk/news/news-insight/press-releases/uk-house-prices-to- increase-by-3-in-2015/
3) http://www.chroniclelive.co.uk/news/north-east-news/north-east-house-prices-to-9738830
4) http://www.cityam.com/223550/ippr-investing-north-england-could-lead-victorian-style-growth-w
5) http://www.propertyreporter.co.uk/graham-davidson/how-the-northern-powerhouse-will-affect-the-property-market.html
