Over the years, the growth of properties and business ventures in Preston has grown substantially. This advancing city has improved greatly and it’s location makes it one of the best areas to invest, with only a short travel to Manchester or Liverpool.
What is it about Preston that makes it such a great place for investing in a property? Home sellers in Preston achieved 121% of the average asking price during the past year. This is just one of the signs that the city is becoming a property investment hotspot.
Recent research from GetAgent.co.uk revealed Preston has been the best market for UK home sellers during the last year. The data shows the nation’s home sellers tended to sell their houses for only 96% of the average listing price.
Vast Growth and Regeneration
Preston is seeing a significant amount of growth and regeneration. The Preston and Lancashire City Deal will bring £1bn of economic growth to the area over the next 10 years. Further to this, a number of other major investments are underway to boost the city and nearby area.
In addition, Preston was named the best city to live and work in the north-west of England in 2017, 2018 and 2019. Employment numbers are increasing, and as major regeneration and development continue to come to the area, the city is attracting more people to live, work and invest in Preston.
Hotspot for Property Investment
Investing in Preston can not only help experienced investors diversify their portfolio by buying property in an emerging market. The city also provides opportunities for new investors and homebuyers with less capital, including first-time buyers.
The north-west as a whole is forecast to see house prices increase by 24% across the next five years, and with the regeneration and investment coming to the city, investors expect Preston to see further growth in house prices and rental yields in the coming years.
Whether you’re trying to sell your home quickly, buying a new home, or considering letting, the experienced experts at Click Estate Agents provide an exceptionally professional service. They’re passionate about selling property and making sure that you are happy every step of the way.
With our vast experience in the ever-changing property market, their team of professionals can help find the right property for you. To find out more about their fantastic services and how they can help you, get in touch with their experts today by calling 01772 717560 and they will be happy to answer any questions you have.