A property investment firm has picked out Preston as a ‘top consideration’ for future investment.
Buy Association, a company that specialises in bringing together investors and property developers, believes Preston property will rise in value after Government investment.
Earlier this year, the City was chosen as one of 100 towns and cities that will receive a cut of a major £3.6 billion investment.
Preston is expected to receive around £25 million from that fund, which will be used for a number of schemes decided on by the local authority.
The investment can be used to redevelop empty buildings and land, encourage private sector investment through supporting small businesses, and helping young people attain the skills they need to get good jobs.
A spokesman for Buy Association said, “With a major part of the funding going towards parts of the north, two of the 100 chosen towns to receive money will be Bolton and Preston – both of which are key areas in the north-west seeing major improvement, expansion and investment over recent years.
“As both Bolton and Preston continue to see vast improvements, property investment in the area is growing in popularity. If you’re looking for your next investment location, both towns should be top considerations.”
Major transport work is also underway across the City, with the £207m Preston Western Distributor scheme currently going ahead, while more car parking is expected to be added as the City Centre continues development.