Reading once again named as top-performing UK city

 

Where is the best place to live, work and invest in the UK? PricewaterhouseCoopers (PwC) have revealed all in its latest Good Growth for Cities report and the results are interesting…

Since 2012, PwC has published an annual report documenting the growth levels of all the cities across the UK, looking at factors such as jobs, income, health, skills, work-life balance, housing, transport infrastructure and the environment. The idea is to give a broader view of which cities are the top performers in more than just GDP.

The results this year show that the country’s two top performers are Oxford and Reading, both of which held the top spots last year, too. Oxford’s index score of 1.09 and Readings score of 0.95 are significantly ahead of the rest of the list, with Southampton in third place scoring 0.79.

Excellent jobs, income and skills prospects

The report finds a definitive link between affluence and good growth, as this drives the factors that have the highest influence in the scoring including jobs, income and skills. However, in the case of London, this can mean lower scores in other areas such as housing affordability and commuting times.

The south-east as a whole, which includes Reading, performs highly in income levels, health and environment and new businesses per head, with all cities performing above the national average on these points. Work-life balance has drastically improved in the region.

Rental market opportunities

Reading has a large number of people in the private rented sector. It is a major attraction to renters who want an easy commute into London – not to mention the existing jobs market in the city itself – with more affordable rental prices than in the capital. It is a prime spot for property investors to look at because of this.

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

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Reading town centre

Reading once again named as top-performing UK city

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