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Why to invest in Luton property?
Luton is fast becoming the go-to commuter town. At a mere 30 miles north, the town is ideally situated for getting into London for work and leisure. It is a short 20-odd minute train ride from London. But with so much investment planned for Luton’s transport infrastructure, comes the promise of even greater lifestyle and business benefits.
Luton is an ideal opportunity for everyone who wants to invest in cheaper property but still to be near the capital city.
Luton benefits from hosting one of London’s six international airports, London Luton Airport. With destinations across Europe, Africa, and Asia, Luton Airport is the fifth busiest in the UK, with over 17 million passengers passing through in 2019. The airport is the biggest source of jobs in the area, with EasyJet, Monarch, and TUI air travel companies all having their headquarters based in this town. The airport itself is currently the UK’s fastest-growing airport. Over the next 20 years, London Luton Airport will undergo a series of developments, increasing capacity and creating thousands of new jobs.
In 2010, the University of Bedfordshire opened a new £34million Campus Centre in Luton, one of the university’s main hubs. And in the years that followed, this campus has continued to see significant investment. Nearly £30million has been spent on building the state-of-the-art Postgraduate and Continuing Professional Development Centre, the School of Art and Design, and the Media Arts Centre.
The average property price in Luton is around £288.000, over the last twelve months, the average price increased by £6.6k (2%).
Good news for anyone looking to invest in Luton Property.
All of these factors mean Luton is now becoming a fast favorite of savvy property investors, offering a stable income, great capital growth, and a fantastic return on investment.
You can see on our website all the properties for sale in Luton, and if you have any questions do not hesitate to contact us for more information.