Preston is attracting serious interest from property investment professionals in 2018, being named a property hotspot to look out for in 2018. With affordable property prices, an increase in rental demand and millions being spent on regeneration, Preston will be in spotlight this year!
There are exciting investment and regeneration plans in the pipeline for the growing city - £435m of new investment will improve the transport infrastructure as well as an impressive forecast of 20,000 new jobs and 17,420 new homes, which is expected to grow the economy by £1bn over the next ten years.
Preston is home to the highly-rated University of Central Lancashire (UCLan). UCLan is creating a world-class educational environment with a £200m campus masterplan, blending new facilities with the creation of public, green spaces. The university is also a leader in graduate business start-ups, but then the city has always been a good place to do business.
With over 30,000 students from over 120 countries around the world, the University is the 5th largest employer in the North West!
Don't take our word on how up-and-coming Preston is. The figures certainly communicate the lucrative potential to be gained from the property market in such a great location.
"We expect rental price rises to accelerate in this region over the course of the year. Some of the best yields in the country are to be found in the North" - Home.co.uk Report 2017