Why to invest in Preston property?
Preston is the third-largest city in the North West, and the largest in Lancashire which is one of the largest local economies in the North of England. The city is only 35 miles from Leeds and Manchester. Transport connections, particularly by rail, and motorway make Preston a very well connected location.
Below is our advice on why you should invest in Preston Property.
In 2018 Preston was named as the most improved city in the UK according to Demos, which used a range of measures including employment, workers’ pay, house prices, transport, the environment, work-life-balance, and inequality. In this competition were 42 cities, and Preston was seen to have improved the most.
Preston is part of a tremendous £435 million investment process to improve the city’s infrastructure development. The initiative, called the Preston, South Ribble and Lancashire City Deal, will allow Preston and Lancashire to take forward 4 new road schemes, enabling over 17,000 new homes to be built, freeing up land for new development, and creating more than 20,000 jobs. The plan is expected to add £1bn to the local economy in the next decade.
Preston has three Universities in and around, including UCLan, Lancaster University, and Edge Hill. UCLan is located in the center of Preston, and employs 3,000 staff, and is home to over 30,000 students.
This is a potential of high demand in Preston for BTL property.
The North West is officially the top location for property capital growth forecasts over the next 5 years. Preston will surely benefit after huge regeneration and infrastructure projects.
Check out on our website all properties for sale in Preston and contact our property experts for help.
We think that now is the right time to invest in this city, because of his potential in the future which can bring a good return on investment.