Known for its distinctive dialect and accent, Newcastle-upon-Tyne is certainly a ‘canny’ place.
England’s most northerly city is steeped in history, culture and neoclassical architecture. Having been a major centre for coal mining and manufacturing during the industrial revolution, the city’s main sources of employment today are within the office, service and retail sectors. Tourism is also a key part of the economy, with visitors drawn to the many museums, art galleries, the Royal Theatre and sights such as Newcastle castle and the Gateshead Millennium Bridge. Between this mix of industries, top universities and a range of large and innovative companies basing their headquarters in the city, Newcastle contributes a whopping £13 billion towards the United Kingdom’s GVA.
The city is also a founder member of Energie-Cités, an association of local authorities across Europe that aims to assist areas improve their sustainable energy resources. Thanks to a programme launched in 2002, Newcastle is encouraging residents and industries to reduce their CO2 emissions in significant ways, with the goal of becoming the first carbon neutral town.
Sport has played a prominent part in the city. Newcastle is host to the world’s biggest and most popular half-marathon, the Great North Run and is home to Championship-side Newcastle United, it’s fiercely supported local football team. The team is also notable for former star player, Alan Shearer, a striker for England and the Premier League’s top goal scorer of all time.
Other famous people from the city are the recently-retired lead singer of rock band AC/DC, Brian Johnson, and Nobel Prize-winning physicist Peter Higgs, from whom the Higgs-Boson particle gets its name!
The city is served by excellent transport links, with Newcastle Central train station receiving passengers directly from London, Edinburgh and across the North, Midlands and the South West of England. On top of this, Newcastle International Airport sees flights depart for destinations across the UK, Europe and to Dubai International via Emirates Airlines.
And yet, despite the fact that Newcastle is a bustling, popular city, the property prices are generally lower than much of the rest of the country. Investment is pouring in, raising this northern city higher up the property investment hotspot list.