Investment in the north: property developers seek the best opportunities

 

Almost two thirds of developers intend to increase their investment in the north of England over the next two years according to new research.

Property developers remain bullish under today’s market conditions, findings from a report by finance company Together reveal, particularly when it comes to opportunities in the north of England.

The study showed that 65% of developers plan to place more of a focus on parts of the north, led by investment in the north-east, cited by 57% of respondents, followed by the north-west for 42%. The south-west and East Anglia came lowest on the list for top building opportunities, with 6% and 7% respectively.

Northern Powerhouse powering investment

A major part of the attraction to the higher parts of the country has come from the government’s Northern Powerhouse initiative, which has seen more powers and investment given to parts of the north with a focus on devolution of power away from London. According to the report, 96% said the initiative had a positive effect, and 64% described it as “very positive”.

Investment in regeneration, housing, job creation, infrastructure and public transport are all attracting more private investment and improving many parts of the north – from the big cities to more regional towns.

The effects of this investment have also led to a huge increase in “northshoring”, with many major companies relocating or adding headquarters and additional offices in the north. While London is still the hub for many businesses, areas like Manchester, Leeds, Birmingham and Liverpool are continuing to gain pace.

Breaking through the barriers

Andrew Charnley, head of corporate relationships at Together, said: “Given the uncertainty around Brexit and the prospect of tougher economic headwinds, it’s encouraging to see developers remaining so bullish, particularly when it comes to the north.

“Our own experience reflects these findings having supported a significant number of new developments in the north with a healthy future pipeline too.”

In terms of obstacles for developers, around half (51%) said the shortage of available sites prevented them from building and investing in new assets, while insufficient finance affected 47% and a lack of government support hindered 40%. While Brexit continues to breed uncertainty, only a third of developers said they were affected by that.

Charnley added: “The chronic supply/demand imbalance in residential housing is creating the biggest opportunities yet many developers continue to be hampered by obstacles such as a shortage of suitable sites and access to finance.

“We understand the pressures facing developers and take a highly flexible approach to meeting their finance requirements, often delivering solutions under highly challenging timescales.”

Targeting up and coming areas is BuyAssociation’s speciality, and while we offer opportunities across the country, the vast majority are in the north. Take a look at our investments page to find out more.

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

Investment in the north: property developers seek the best opportunities

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.