How extra investment in transport for the north will boost housing market


A series of road and rail schemes could be underway later this year in the north of England. Enhancing and supporting the region’s economy and growth is now a top priority.

Transport for the North (TfN) has written an open letter to the government calling for “rapid” investment in transport. Forming part of the ‘Economic Recovery Plan’, the funding would be used to help rebuild the region post-COVID-19.

The letter to Transport Secretary Grant Shapps outlines 13 schemes as part of the Northern Infrastructure Pipeline (NIP). TfN believes the Economic Recovery Plan must reflect the challenges of COVID-19, with a particular focus on road and rail improvements.

Barry White, chief executive of TfN, said: “COVID-19 has had a profound effect on our people, businesses and economy and it’s essential that we take action to support their recovery by investing in our region now, and over the coming months and years.

“Through a sustained Northern Infrastructure Pipeline of transport schemes we can provide immediate confidence and set the north on the path to future growth. That’s now more important than ever.”

Fast-track funding for the north

One aim of the letter is to secure fast-track funding to kick-start TfN’s plans as quickly as possible. The letter states: “We have received 150 projects from across the north for consideration and we are assessing these to recommend a full list of multi-modal interventions to TfN’s board meeting on the 29th July.

“However, we have also identified early examples of investment that can be advanced quickly. These include road and rail improvements, flexible smart rail ticketing and proposals for sustained investment in active travel and wider connectivity through non-urban high-speed broadband.”

Transport investment to help COVID-19 recovery

As part of the Northern Powerhouse initiative encourages increased devolution to the north. This means people living and working in the north have more power and autonomy. As part of this, Transport for the North was born as a sub-national transport body focusing solely on the north.

According to the letter, this is even more relevant now as the country begins to recover from recent events.

The letter states: “The impact of the COVID-19 crisis reinforces the call of our Board over the past year for a devolved ’Northern Budget’ – allowing for investment decisions to be made by the people who live and work in the North of England.”

“Decision-making at a regional level will deliver accelerated investment, increase competitiveness and help stimulate economic growth. Our members feel that now, more than ever, is the time to enact such change.

Travel improvements to boost housing market

The UK housing market was forced to partially close once the UK went into lockdown in March. Figures show that many aspects, such as buyer appetite, available stock and the rental market, are already showing signs of recovery. As always, there is a north-south divide, with much of the north’s housing sector performing strongly right now.

Any investment in transport, infrastructure and connectivity is a boost to the local property market. Buyers tend to gravitate towards areas with easy access to jobs and amenities. Likewise, tenants in the private rented sector prioritise transport options when seeking accommodation.

Therefore, the boost that TfN is hoping for will add further support to the recovery of the north’s housing market. According to TfN, investing in infrastructure is critical to achieving “the vision of a globally competitive environment that can sustain economic growth, making the North a more attractive and buoyant marketplace”.

TfN’s board of political and business leaders will assess the full plan at a meeting on 29th July. The hope of the letter, though, is to secure additional government funding sooner to get things moving in the north.

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


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.


Not a member? Sign up for free

infrastructure roads

How extra investment in transport for the north will boost housing market


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.