Call us on: 0203 3726 499
Category

News

Jan 22
0

Birmingham Is Being Recognised as the ‘New’ London 2> By | 2018, All, Liverpool, London, Manchester, Newcastle, News, October | No Comments

Birmingham Is Being Recognised as the ‘New’ London

By Surrenden Invest | January 22, 2019
BACK TO LATEST NEWS
Share this article

Birmingham Is Being Recognised as the ‘New’ London

As a leading property investment company, Surrenden Invest has for years been espousing the virtues of the Birmingham property market. Now, with London house prices falling for the last two years in a row, increasing numbers of investors are looking to Birmingham to be the home of their UK property investment.

According to the latest Nationwide figures, London house prices dropped by 0.8% in the year to December 2018, following a 0.5% fall in 2017. By contrast, the Nationwide figures show a 2.9% increase in house prices for the West Midlands for the year to Q4 2018.
However, it isn’t just because London prices are falling that the Surrenden Invest team are such strong advocates for Birmingham. Indeed, the team was extolling the virtues of all things Brum long before London house prices began to wobble!
Birmingham Is Being Recognised as the ‘New’ London

“This simple fact is, Birmingham is an amazing city that has an awful lot going for it. Its business community is thriving and there’s a palpable energy when it comes to startups and entrepreneurs in the city. Birmingham’s residents demand the very best, whether that’s cultural attractions, retail outlets or the restaurant scene – and that’s precisely what the city delivers. This is a modern metropolis that is drawing in new residents by the tens of thousands, and for very good reasons.”

Jonathan Stephens, MD, Surrenden Invest

Birmingham Property Investment Booming

According to the latest Office for National Statistics population growth projections, Birmingham’s population is expected to increase by around 166,000 people between 2018 and 2041 – a growth rate of 14.5%. This is another factor driving the new wave of property investor interest in England’s ‘second city.’
Birmingham Is Being Recognised as the ‘New’ London
One of the leading developments that is rising to meet the surge in demand is the centrally located Westminster Works. Home to 220 beautiful, loft-style apartments, Westminster Works is offering investment from £168,000. The building’s specification and facilities are superb, as befits such a prestigious development in this exciting city.

“With Westminster Works, what we see is apartments and amenities that deliver a new style of urban living to Birmingham’s aspirational, dynamic young professionals. The lively Digbeth location is the perfect site for this leading development, while the impressive roof terrace is a feature of which every resident can feel proud.””

Jonathan Stephens, MD, Surrenden Invest

Birmingham Regeneration Will Benefit the Midlands Population

The yields on offer in Birmingham are another reason that attention is moving away from London. Westminster Works offers solid yields of 5.0% NET – something which many developments in London are either struggling or failing to do.
Then there is the overall impact that regeneration work is having on the city. Grand Central’s opening in 2015 marked a step change in the way that many people thought about Birmingham. Now, the £500 million Birmingham Smithfield masterplan, located just behind Westminster Works, is taking regeneration to the next level. Head of city centre development and planning, Richard Cowell, has hailed it as, “an example to international cities,” with residents set to benefit not just from a new market area but from a museum, hotel, culture centres, leisure facilities and a 24-hour gourmet foodie hangout.

“This is the new face of Birmingham – and it’s leaving London looking old and tired. When it comes to UK property investment, Birmingham is the place to be.”

Jonathan Stephens, MD, Surrenden Invest

For regular updates on investing in Birmingham and other exciting UK regional cities, simply follow the Surrenden Invest team on social media.

Related articles

Contact us to find out more about our exclusive off market investments

Stay ahead

Register your details to receive the latest market updates and development news.
Jan 18
0

Brexit and Mortgages: What Does the Future Hold? 2> By | 2018, All, Liverpool, London, Manchester, Newcastle, News, October | No Comments

Brexit and Mortgages:
What Does the Future Hold?

By Surrenden Invest | January 18, 2019
BACK TO LATEST NEWS
Share this article

Brexit and Mortgages: What Does the Future Hold?

Amidst so much political turmoil, it can be hard to see the wood for the trees at times. Brexit has the potential to have such widespread economic effects that there are a host of predictions and projects concerning almost every aspect of daily life. For the benefit of those with an interest in property investment, we’ve tried to unpick some of the speculation in order to focus on what might happen to mortgages after 29 March 2019.

“The resounding defeat of Theresa May’s EU Withdrawal Agreement by Parliament on 15 January brought us one step closer to a disorderly, no deal Brexit. Many experts believe that such an outcome could lead to a rise in interest rates, which would impact those with tracker or variable rate mortgages.”

Jonathan Stephens, MD, Surrenden Invest

What Affect Will Brexit Have on Mortgages?

Among those experts is Mark Carney, Governor of the Bank of England, who is well positioned to know what interest rates might or might not do. He has warned that a no deal Brexit might be a precursor to an interest rate rise. The Association of Mortgage Intermediaries has echoed Carney’s warning, as have numerous other financial bodies.
Of course, as with all things Brexit, there is an equal queue of experts predicting that interest rates will come down after 29 March. The Bank of England has been known to lower interest rates in order to stimulate and shore up the economy. As such, the Monetary Policy Committee may well decide that interest rates should come down, even in the event of a no deal Brexit. The committee’s next meeting after Brexit will be on 2 May and property investment companies and their investors will no doubt be keeping a close eye on the situation, as well as mortgage holders across the UK.

“Until we know more about quite how the UK will be uncoupling from the EU on 29 March, it is impossible to say with certainty what will happen to interest rates and mortgage rates. However, that is always the case. Nobody can see the future, so there is always the risk of interest rate changes impacting on mortgages. This is why investors factor in such potential outcomes when they consider their investments in the first place. As such, all we can do at this stage is keep calm and carry on!”

Jonathan Stephens, MD, Surrenden Invest

The Country Sees House Prices Rise Despite Brexit

Investors looking to carry on as normal while the political wrangling continues have some outstanding properties available to them at present. Hadrian’s Tower, for example, in the North East city of Newcastle, is a landmark development that is set to redefine stylish urban living in the city. Due to become the city’s tallest building, its 27 storeys will house a range of superb, dual aspect apartments, along with a contemporary café hangout spot, concierge and sky lounge with views across the city.
The North East region is enjoying the largest monthly house price rise in the country right now, at 1.2% between October and November 2018 according to the government’s November House Price Index. At the same time, Newcastle is undergoing extensive regeneration work. As such, Hadrian’s Tower presents investors with an exciting and timely opportunity to enjoy healthy yields as part of this prestigious new development.

For regular updates on Brexit, the housing market and investing in cities such as Newcastle, why not follow the Surrenden Invest team on social media?

Related articles

Contact us to find out more about our exclusive off market investments

Stay ahead

Register your details to receive the latest market updates and development news.
Jan 15
0

Gateshead Set to Become UK’s Top Retail and Leisure Destination 2> By | 2018, All, Liverpool, London, Manchester, Newcastle, News, October | No Comments

Gateshead Set to Become UK’s Top Retail and Leisure Destination

By Surrenden Invest | January 15, 2019
BACK TO LATEST NEWS
Share this article

Gateshead Set to Become UK’s Top Retail and Leisure Destination

Gateshead Plans to Cement Its Reputation as One of The UK’s Top Retail and Leisure Destinations.

The UK is home to plenty of impressive shopping centres, with the largest, naturally, being located in London (Westfield London, in Shepherd’s Bush). What is interesting however is that the UK’s second largest shopping centre by size isn’t located in London or even in Birmingham, Manchester or Liverpool. Instead, it’s the intu Metrocentre, located in the northern town of Gateshead, in Tyne and Wear. Covering 190,000m2, the vast shopping complex welcomes some 21 million visitors every year.
Now, Gateshead are planning to add significantly to its retail and leisure offering with the opening of a £250 million arena in the already popular quayside area. Gateshead’s quayside offering, which is linked to that of Newcastle by the spectacular Gateshead Millennium Bridge over the River Tyne, attracts residents and visitors in their droves thanks to the live music and performances at Sage Gateshead, the inspiring exhibitions at the BALTIC Centre for Contemporary Art and the impressive array of quayside restaurants offering outstanding views across the water to Newcastle. The Gateshead Quayside arena will add a new “game-changer” venue into the already existing mix!

“Gateshead punches above its weight when it comes to retail and leisure attractions. The town is home to some excellent venues already and the new arena will cement its position as one of the most dynamic and interesting locations in the North East.”

Jonathan Stephens, MD, Surrenden Invest

The Gateshead Quayside Arena Development

The government has flagged the development plans, which cover a 10-acre site in between the Sage and the BALTIC, as one of the most exciting developments in the country. The new arena and leisure complex will include a 12,500-seat venue, two hotels, a conference centre and an array of bars and restaurants. It will replace the existing Metro Radio Arena, on the Newcastle bank of the River Tyne, as part of a major boost to the Newcastle Gateshead quayside area. Due for completion by 2023, the planned works also include Europe’s largest observation wheel (the ‘Whey Aye’).

“Projects such as the Gateshead Quayside arena and the Whey Aye speak to the future potential of this lively area. These are long-term plans that demonstrate a commitment to Gateshead and Newcastle’s residents, as well as attracting visitors from elsewhere. Such plans are a key component of the region’s future economic success and make it an exciting time for investors looking for combine great entry prices with healthy yields.”

Jonathan Stephens, MD, Surrenden Invest

Hopper House and Hadrian’s Tower Leading Gateshead Booming Property Market

On the Gateshead side of the river, around 10 minutes’ walk from Gateshead Quayside, is Hopper House, a collection of 81 stylish studio apartments that are perfect for those looking to make the most of life in Gateshead.
Over in Newcastle, it is Hadrian’s Tower that is attracting attention at present, with the city’s tallest skyscraper on track to deliver outstanding apartments in Q2 2020. With so much invested in Newcastle Gateshead’s future success, this is an immensely exciting area to be part of right now, for both property investment companies and individual buy to let property UK investors.

To keep tabs on important developments in Gateshead, Newcastle and other UK regional locations, simply follow Surrenden Invest on social media.

Related articles

Contact us to find out more about our exclusive off market investments

Stay ahead

Register your details to receive the latest market updates and development news.
Jan 10
0

£100 million quayside regeneration could trigger fresh wave of Newcastle property investment 2> By | 2018, All, Liverpool, London, Manchester, Newcastle, News, October | No Comments

£100 million quayside regeneration could trigger fresh wave of Newcastle property investment

By Surrenden Invest | January 10, 2019
BACK TO LATEST NEWS
Share this article

£100 million quayside regeneration could trigger fresh wave of Newcastle property investment

A proposed £100 million regeneration project in Newcastle is exciting property investment companies as a result of its potential to drive up property prices in the city. The Quayside Wheel Terminus regeneration project would see the tallest observation wheel in Europe built in the heart of Newcastle.

The ‘Giants on the Quayside’ development would feature a 460-ft high Ferris wheel, a family entertainment centre with trampolines, climbing walls, skywalk and café, and a sports complex complete with tennis courts, covered five-a-side pitches and a state-of-the-art virtual golf club. The Wheel Terminus building would contain some 86,000 sq ft of commercial space.

“Newcastle’s reputation as one of the most dynamic and intriguing cities in the UK has seen it attract considerable investment over the past few years. Now, the proposed quayside regeneration could – subject to planning – see the city leading Europe in terms of its observation wheel and associated facilities. This is excellent news for the city’s residents, as well as creating some exciting possibilities in terms of property investment.”

Jonathan Stephens, MD, Surrenden Invest

Work has begun on Newcastle’s tallest skyscraper!

It has been quite a year for Newcastle so far as tall buildings are concerned. Work began recently on the city’s tallest skyscraper, Hadrian’s Tower, which will provide 162 stylish homes, along with a range of innovative social spaces. Investors have shown keen interest in the apartments, which come with a 7% NET yield assurance.
As well as healthy yields, Newcastle provides excellent value for money when it comes to property prices. In fact, the North East of England is the cheapest region of England in which to buy a home. As at October 2018, the average home there cost just £128,484, compared to a UK average of £231,095, according to the government’s UK House Price Index.

“Newcastle already offers exceptional value for money so far as its property market is con-cerned. With the quayside regeneration project set to create as many as 800 jobs, approval of the scheme could well generate yet another wave of interest in Newcastle as a buy to let property UK destination.”

Jonathan Stephens, MD, Surrenden Invest

For regular updates on investing in Newcastle and other UK regional cities, follow the Surrenden Invest team on social media.

Related articles

Contact us to find out more about our exclusive off market investments

Stay ahead

Register your details to receive the latest market updates and development news.
Jan 07
0

North West England enjoys triumphant start to 2019, leading the country’s house price growth 2> By | 2018, All, Liverpool, London, Manchester, Newcastle, News, October | No Comments

North West England enjoys triumphant start to 2019, leading the country’s house price growth

By Surrenden Invest | January 7, 2019
BACK TO LATEST NEWS
Share this article

North West England enjoys triumphant start to 2019, leading the country’s house price growth

The latest available house price data, as at 31 December 2018, shows that the North West of England will be enjoying a triumphant start to 2019, leading the country in terms of house price growth.

The most recent figures, from the October 2018 UK House Price Index, show that the North West has enjoyed the highest price rise in the country for both monthly and annual growth, at 1.2% and 4.9% respectively. That compares to a UK average price rise of 2.7% for the same period.

“There are some outstanding property investment opportunities available in the North West at present, with both capital growth potential and strong yields attracting keen interest. This exciting area of England has so much going for it – not least its dynamic business environment and superb cultural attractions – that homes there are highly prized, both as places to live and as investments for the future.”

Jonathan Stephens, MD, Surrenden Invest

Property investment companies deliver some of England’s best property opportunities

Property investment companies looking to deliver some of England’s best opportunities in 2019 will certainly have the North West firmly on their collective radar. Cities such as Manchester and Liverpool are driving the trend for property investment in this area of the UK. Developments such as Ancoats Gardens in Manchester epitomise the stylish, centrally located homes that are so sought after by today’s urban tenants. Modern renters want to be at the heart of the action, with easy access to all that their city has to offer. Developments that can meet this need while also providing luxurious, inspirational homes look set to enjoy a very positive 2019.
Over in Liverpool, The Tannery is another excellent example of the kind of development that represents a win for both residents and investors. Residents get to enjoy superior homes in one of the city’s most sought-after locations, while investors benefit from a low entry point (from just £85,000) and yields of 6% NET.

“The North West has an incredibly strong offering in terms of its urban areas. Both Manchester and Liverpool have made names for themselves on the international stage, attracting visitors and investors from around the world as a result of their extensive charms. Both cities have ambitious plans for 2019 while also experiencing a shortfall in terms of their housing stock – it’s the perfect recipe for 2019 property investment opportunities.”

Jonathan Stephens, MD, Surrenden Invest
The Surrenden Invest team is particularly well placed to identify such investment opportunities, given the company’s history of regional property market expertise. Surrenden identified both Manchester and Liverpool as property investment hotspots for 2019, as a result of their strong market fundamentals. With government house price data backing that up at the close of 2018, it looks like the coming year is going to be an exciting one for cities in the North West.

To stay in touch with the latest news on investing in Manchester, Liverpool and other key UK cities, simply connect with the Surrenden Invest team on social media.

Related articles

Contact us to find out more about our exclusive off market investments

Stay ahead

Register your details to receive the latest market updates and development news.
Jan 04
0

Liverpool Leads the UK For Economic Growth 2> By | 2018, All, Liverpool, London, Manchester, Newcastle, News, October | No Comments

Liverpool Leads the UK For Economic Growth

By Surrenden Invest | January 4, 2019
BACK TO LATEST NEWS
Share this article

Liverpool’s Economic Growth Rate Above the National Average

Liverpool is one of those cities that consistently impresses the Surrenden Invest team – and with our exacting standards it takes a lot to do that! We’ve already flagged the region as one of 2019’s top property hotspots due to its strong economic credentials. Now, the most recent regional accounts published by the Office for National Statistics (ONS), show that Liverpool City Region’s economic growth rate is well above the English national average. In fact, it was the fastest growing in the country during 2017.

Liverpool’s Economic Growth Rate Above the National Average
Liverpool City Region’s economic growth rate stood at 3.3% in 2017, according to the ONS data. It tied with Cheshire & Warrington as the fastest growing Local Enterprise Partnership (LEP) in the country over the course of the year, while the national average stood at just 2%.

“The 2017 ONS regional accounts highlight the strength of the Liverpool economy. This diverse city has so much to offer to residents, tourists and investors alike. It is a hotbed of entrepreneurial activity, with a culture like no other and a property market that is going from strength to strength.”

Jonathan Stephens, MD, Surrenden Invest

Liverpool’s Property Marketing Success

An increase in output across the manufacturing, health, wholesale and retail, education, construction and information and communications sectors were key to Liverpool’s success in 2017, driving Gross Value Added (GVA) growth. The manufacturing sector in particular has contributed to the city’s success, recording average GVA growth of 2.1% per year since 2013, compared to a national average of just 1.4%.
With regard to its property market success, Totally Money has highlighted Liverpool’s high student population as an influential factor behind the city’s reputation for high yields. In 2018, six of the top 25 best buy to let postcode areas in the UK were Liverpudlian. The L7 postcode area topped the local Liverpool list, with yields of 9.79%.

Stunning Apartments at The Tannery, Liverpool

The L3 postcode area – home to the stunning apartments of The Tannery – achieved average yields of 7.44% over the course of 2018. With an investment price starting from just £85,000, The Tannery is an excellent option for those looking to be part of one of the highest yielding areas of the UK without breaking the bank. The average London apartment price stood at £418,919 in September 2018, based on HM Land Registry figures – just under five times the cost of an apartment at The Tannery. With such affordable prices in one of the country’s highest-yielding areas, it’s easy to understand why The Tannery attracted such keen interest in 2018!

“Buy to let property UK offered some excellent opportunities to investors over the course of 2018 and we expect to see the same in 2019. Regional cities such as Liverpool – along with the likes of Birmingham, Manchester and Newcastle – will continue to receive significant attention from property investment companies looking to present their investors with the best opportunities in 2019.”

Jonathan Stephens, MD, Surrenden Invest

To keep up with the latest news about buy to let property Liverpool (and other UK hotspots), click the links below to follow the Surrenden Invest team on social media.

Related articles

Contact us to find out more about our exclusive off market investments

Stay ahead

Register your details to receive the latest market updates and development news.
Dec 21
0

London Snapshot: The Market Fundamentals 2> By | 2018, All, Liverpool, London, Manchester, Newcastle, News, October | No Comments

London Snapshot:
The Market Fundamentals

By Surrenden Invest | December 21, 2018
BACK TO LATEST NEWS
Share this article

London Snapshot: The Market Fundamentals

London is an iconic global city that attracts millions of people from across the world. Everyone from tourists to students to entrepreneurs are keen to experience the best that London has to offer, and property investors are no exception. Owning a buy to let London home has a prestige all of its own and there are some superb options on the market, though investors need to choose wisely in order to have the best chance of solid yields in the capital.

Buy To Let Property in London

Outer areas that are easy to commute into the centre from and that are poised for rapid growth are some of the most attractive, as much of central London’s buy to let stock is overvalued at present. Brook House, by Mitcham Cricket Green, is a fine example of a healthy, long-term investment. The ready-to-rent apartments are just 17 minutes from Central London, offering well-connected stylish homes with a 4.5% net yield.
Sourcing properties of this calibre doesn’t happen overnight. As such, the Surrenden Invest team has committed many, many hours to getting to know the property market in this vast city. We’ve shared key findings from our research in our London City Guide, which is essential reading for anyone considering investing in buy to let property in London.

“London is in many ways a property market that is distinctly different to the rest of the UK. Owning a property in one of the world’s most important financial and cultural centres has its own appeal, but investing in a city of this size requires careful attention. Properties differ vastly from area to area, so investors need to choose wisely in order to enjoy both healthy yields and good potential for capital gains.”

Jonathan Stephens, MD, Surrenden Invest

London In A Nutshell:

London Is A Unique Opportunity for Buy to Let Investors

With a richly diverse property offering, London offers a unique opportunity for buy to let investors from around the world. The right property in the right place can provide healthy, long-term yields in one of the world’s largest cities, which is all part of the excitement of finding the perfect UK buy to let property investment opportunity.

To stay up to date with the latest facts and figures about London’s property market and investment potential, follow the Surrenden Invest team on social media.

Related articles

Contact us to find out more about our exclusive off market investments

Stay ahead

Register your details to receive the latest market updates and development news.
Dec 17
0

Ancoats is Officially One of The Coolest Places on The Planet 2> By | 2018, All, Liverpool, London, Manchester, Newcastle, News, October | No Comments

Ancoats is Officially One of The Coolest Places on The Planet

By Surrenden Invest | December 17, 2018
BACK TO LATEST NEWS
Share this article

Ancoats is Officially One of The Coolest Places on The Planet!

Property investment companies that have been working in the buy to let property UK sector for some time are well aware of how important Manchester is within that market. The city’s Ancoats district, in particular, is a hive of activity for dynamic, entrepreneurial young people looking to make the most of the urban lifestyle. Now, the area has been named as the 13th coolest neighbourhood in the world by TimeOut!

“Ancoats is Manchester’s hippest, most creative district. The area draws in young professionals from across the city and beyond, most of whom are looking for cutting edge rental accommodation with plenty of added extras. This has led to a swathe of new buildings springing up in the area, as developers and investors rush to meet the high level of demand for new homes.”

Jonathan Stephens, MD, Surrenden Invest

Ancoats, Manchester is perfect for fresh young start-ups

Packed with affordable, inspiring co-working environments and independent eateries, while “craft beers, artisanal bakeries and gin joints crop up in less time than it takes to say ‘beetroot latte’” (TimeOut), Ancoats blends elegant residences with cutting edge art venues and exciting new offices that are perfect for housing fresh young start-ups. And all just a 10-minute stroll from Manchester’s Piccadilly Station.
At the heart of the action sits Ancoats Gardens; perfectly positioned for residents to enjoy all that Ancoats has to offer. The development provides spacious homes with an urban-industrial-chic vibe that is spot on for this hippest of districts. Shared facilities include a stunning rooftop terrace, spacious coffee lounge and gym for residents’ exclusive use.
Also popular with buy to let Manchester investors in the Ancoats area is Pop Works – a collection of 28 high spec apartments with integrated smart appliances and an on-site gym. Both this and Ancoats Gardens have been developed to make the most of Manchester’s excellent property market conditions. These include a 30.64% increase in home values in the five years to December 2018, according to Zoopla, along with projected rental growth of 20.5% between 2017 and 2021 (the highest rate in the UK).

“Manchester – and specifically Ancoats – has taken its place on the world stage, rubbing shoulders with the likes of Tokyo and Berlin in terms of its on trend, cultural credentials. Its hip reputation is backed by solid market fundamentals, making this an excellent choice for property investors looking to profit from UK buy to let opportunities.”

Jonathan Stephens, MD, Surrenden Invest

For regular updates on the Manchester property market and local opportunities, follow the Surrenden Invest team on social media.

Related articles

Contact us to find out more about our exclusive off market investments

Stay ahead

Register your details to receive the latest market updates and development news.
Dec 10
0

Birmingham Snapshot: The Market Fundamentals 2> By | 2018, All, Liverpool, London, Manchester, Newcastle, News, October | No Comments

Birmingham Snapshot:
The Market Fundamentals

By Surrenden Invest | December 10, 2018
BACK TO LATEST NEWS
Share this article

Birmingham Snapshot: The Market Fundamentals

Birmingham is one of the most exciting property markets in the UK. Increasingly ‘discovered’ by investors over the past several years, it offers a mature, established investment prospect with the potential for excellent returns. Part of the reason is the solid market fundamentals, which we look into below and explore in more depth in our comprehensive and completely FREE Birmingham City Guide.

Surrenden Invest is committed to the Birmingham property market as a result of the superb opportunities that it presents. Right now, our superb Westminster Works development enjoys an enviable city centre location, with the 220 elegant, loft-style apartments and outstanding roof-top terrace set to attract the city’s ambitious young professionals. Not only that, but Birmingham is also the location of our very latest development – which we’ll be revealing full details of later this month!

“Birmingham is such a potential-packed city that it’s become a real favourite with property investors from the UK and from overseas – and for good reason. With solid employment prospects, a booming population and a busy rental sector, this city is one of the most enticing in the country. When it comes to buy to let property, UK buyers and those from overseas also benefit from the fact that Birmingham’s property prices are rising steadily.”

Jonathan Stephens, MD, Surrenden Invest

Birmingham In A Nutshell:

With an incredible amount of regeneration work underway, Birmingham is a rapidly evolving city that has a huger amount to offer, both to residents and to investors!

To stay up to date with the latest facts and figures about Birmingham and its property market, follow the Surrenden Invest team on social media.

Related articles

Contact us to find out more about our exclusive off market investments

Stay ahead

Register your details to receive the latest market updates and development news.
Dec 07
0

Turning Tourism into Investment 2> By | 2018, All, Liverpool, London, Manchester, Newcastle, News, October | No Comments

Turning Tourism into Investment

By Surrenden Invest | December 7, 2018
BACK TO LATEST NEWS
Share this article

Turning Tourism into Investment

Attracting investment is about more than just designing a beautiful-looking building in a well-connected city centre. Those things help, of course, but it’s also about allowing investors to develop confidence in the location itself and tourism plays a key role in this.

“A city’s reputation on the global stage has a major impact on how attractive people consider it to be as an investment destination. The more tourists a city can attract, the more its reputation grows, and the more likely it is to charm foreign investors looking for good returns in a well-established area. For investment in buy to let property, UK regional cities’ reputations are key.”

Jonathan Stephens, MD, Surrenden Invest

Liverpool and Newcastle Turn Tourism into Investment

Two examples of UK cities that are turning tourism into investment are Liverpool and Newcastle. Both have reported a surge in visitor numbers recently, as well as attracting keen interest in terms of foreign direct investment.
Two major exhibitions have been influential in this respect. Firstly, Liverpool was chosen to host the superb Terracotta Warriors exhibition. The exhibition brought in hordes of tourists over the summer months and generated £78 million for the local economy. Other areas of the city have also thrived, with Royal Albert Dock reporting a 13% hike in visitor numbers for summer 2018.
On the other side of the country, in Newcastle, it was the Great Exhibition of the North that spurred many tourists on to visit the city for the first time. The three-month celebration of the pioneering spirit and creativity of the North led to record level hotel bookings in Newcastle and neighbouring Gateshead, with 32% of visitors citing the exhibition as their main reason for their visit. Meanwhile, Newcastle Airport reported a bumper year, with passenger numbers already passing the five million mark, for the second year in a row.

“Events such as the Terracotta Warriors exhibition and the Great Exhibition of the North attract visitors from around the world. They do much to build a city’s reputation and attract tourists, which in turn impacts positively on the flow of investment money into that city.”

Jonathan Stephens, MD, Surrenden Invest

Tourism Key Factor in Investment Opportunities

With tourism opening the door to investment, it’s up to property investment companies to present potential clients with the right development in the right location. In Liverpool, it is The Tannery that is turning heads, with its capital-quality residences and outstanding roof garden available from as little as £85,000.
Over in Newcastle, Hadrians’ Tower – the city’s tallest building – is attracting investors’ interest. The stylish apartments come complete with on-site café and stunning sky lounge, as well as a 7% NET yield assurance.
A host of other factors also impact on investors’ decisions about where to place their capital. From population growth to regeneration programmes, cities have to offer a particular blend of economic success and future opportunity in order to become regional hotspots. However, tourism is – and will continue to be – a key factor in that mix.

For the latest news about UK property investment, along with regional highlights from key cities, connect with the Surrenden Invest team on social media.

Related articles

Contact us to find out more about our exclusive off market investments

Stay ahead

Register your details to receive the latest market updates and development news.