Preston revealed as UK’s most improved city

 

Preston is the UK’s most improved city to work and live in, according to a new report from Pricewaterhouse Coopers.

The 2018 Good Growth for Cities Index from PwC puts Preston at the top of its ‘top improvers’ list ahead of Middlesbrough, and at 14th place in the overall list it comes one place above London. Preston also outstrips north-west neighbours Liverpool and Manchester in both lists.

PwC’s research used a range of measures including employment, workers’ pay, house prices, transport, the environment, work-life-balance and inequality to rank 42 UK cities.

Long term improvements starting to show

Several factors have contributed to Preston’s success. Unemployment has fallen from 6.5% in 2014 to 3.1% in 2017, and over 44% of 16-24 year olds held at least an NVQ level 3 qualification, compared to only 34% in 2014.

“Preston has punched above its weight for several years now and the scale of improvement is clear for all to see,” said Mark Whittle, manager of Preston Business Improvement District (BID).

“It is a city that doesn’t need to emulate somewhere like Manchester. Preston offers quite a unique visitor experience which is gathering momentum on a daily basis. With a line of investors setting their sights on city real estate and a thriving start up sector in full swing, the city now offers the complete package in which to live, work and do business. These are exciting times.”

Discover more about two developments in Preston – Station Terrace and The Sorting Office

Preston city council has, in recent years, encouraged major local employers including the police and the University of Central Lancashire (UCLAN) to source goods and services from local businesses.

Matthew Brown, the leader of the city council, said: “We are proud to receive national recognition for the improvement in these areas that has been made in the city in the last 12 months.”

Earlier in 2018, the council set aside £400,000 to renovate nearly 1,000 empty properties around Preston.

Reasons to be cheerful

The growth of UCLAN to cater for around 30,000 students makes it one of the area’s largest employers, and the city is commutable to Manchester and Liverpool, making it an attractive option to live in.

Its proximity to the Lake District, just over an hour to the north, as well as the coast also help push Preston’s case. The city also enjoys good transport links, being close to the M6, M61 and M58, and has one of the main stations on the London – Glasgow west coast rail line.

Highgrove Mews

High Net Yield Freehold Houses

  • Commutable to London (27 mins to central Paddington station)
  • Rental demand extremely strong with large industry presence in Reading
  • Freehold with 4% net yield

£284,955 - £457,000

St Petersgate – Stockport Manchester

New Launch - Stockport Manchester, apartments from £160,000

  • Discounted launch prices from £160,000
  • Excellent transport links with 3 trains per hour to London Euston and only 9 mins journey to Manchester Piccadilly
  • Experienced development team

Assured Rent Housing Association Leases

Assured Rent Housing Association Leases

  • Assured rent & no rental voids
  • Tenant damage cover & newly refurbished inline with requirements of a corporate sitting tenant
  • Free property and lettings management

From £62,000

Emerging Birmingham Commuter Town With Properties From Just £104,000

The emerging Birmingham commuter town where properties are selling in an average of just 24 days

  • A collection of 62 two bedroom apartments and 28 one bedroom apartments.
  • DE14 is one of the fastest selling postcodes in the West Midlands.
  • 23 minute train journey into Birmingham New Street Station.

Properties from £104,000

Mill, Stockport

The Northwest's emerging property hotspot

  • Discounted off-plan 2-bed prices from £162,000
  • Completion date - Q4 2021
  • Rental yields - 6% plus

Discounted off-plan 2-bed prices from £162,000

South Central – Birmingham City Centre Apartments

Highly anticipated 28 storey launch in Birmingham City Centre with an impressive roof garden and communal facilities.

  • 154 units across 28 storeys
  • Residential multi-media community room, gym, roof garden and sky cinema
  • Excellent future connectivity via the metro system to other key transport hubs and locations around the city

from £205,800

ba-

Talk to us

Speak to our UK property experts today: 

+44 (0) 333 123 0320

Open from 9am-6pm GMT

+852 9865 4446

Open from 9am-6pm HKT

Stamp Duty Calculator

.

Unlock members only investment opportunities and full development details. Join now – it’s free, quick and easy.

Login

Not a member? Sign up for free

Preston city centre

Preston revealed as UK’s most improved city

Example

By submitting your details via this online form you agree to be contacted via email/phone/SMS by Direct Marketplace Ltd t/a BuyAssociation in relation to property investment and property developments . We do not share your personal details with third parties.  To view our full Privacy Policy click here.