The East Midlands is growing, and you should be buying up property

by | Mar 16, 2018 | Finance, News

Comprising of the areas of Leicestershire, Northamptonshire, Derbyshire, Nottinghamshire, Rutland and Lincolnshire, the East Midlands is full of history, wonderful scenery and ancient history.

Sherwood Forest being just one to mention, but more importantly they all have relatively affordable property prices and rental costs enabling the 4.5 million population happy to reside in these areas.

But supplying the properties is a becoming a problem and advised by the 2017 RICS UK Residential Market Survey.

Rutland has lead the rise in house prices over the past 12 months, and it is the smallest country in the East Midlands as well as England but is has seen a 20% + increase in property values with the average property price standing at an average of £307,000 which is over £50,000 more than average prices in England.

East Midlands is an area which has reasonably low living costs and therefore brings young families to live in affordable properties coupled with the fact that investment in the East Midlands has made such an impact on the region making it one of the fastest growing economies outside of London and showing no signs of slowing down.

The PO3 (Power of 3) is a scheme for investment in the three cities – Derby, Nottingham and Leicester for promotion of the future and creating opportunities in an area where the area is considered to have a great pool of talent and are able to live in a high quality low cost environment.

The MIPIN, which takes place 14th-17th March, will show the 23,000 attendees the potential of the Midlands and the £14bn worth of investment sites and projects planned for the region, within the 23,000 attendees will be potential investors, agents and media representatives.

Sir John Peace, chairman of the Midlands Engine was quoted as saying “The Midlands is coming together on an unprecedented scale at MIPIM to attract even more investment from around the world,” There are many big-name companies pushing for investment in the region, names such as Jaguar Land Rover and Birmingham airport to name but two. Therefore, pushing the Midlands into the worlds forum for investment bringing investment to the areas”.

Looking first at Nottinghamshire, the last 3 years have seen continual growth showing no signs of slowing – average price of a home in this region is around £125,000 higher than before the 2008 collapse, it is a competitive market and there is a need for more development to meet current demand, some bargains are still available and flipping properties is also lucrative.

The cost of a property for instance in West Bridgeport start at around £125,000 and literally can go as high as you wish, the same can be said for similar areas south of the river, rental properties start at around £750 per month but again can reach £2,000 for the larger more luxury properties.

FJP Investment is a team of investment specialists sourcing a wide range of investment opportunities both in the UK and overseas. Products include the new release of loan notes as part of our property development business from Godwin Capital Investments.

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