Preston is now being considered as one of the UK’s emerging property hotspots, with its strategic “ City Deal” in place, £434 million has been invested into improving the city’s infrastructure, creating a thriving employment hub. With employment running at 82.8%, combined with growing city population, Preston was listed as the most improved city in Britain, by PWC, in 2018.
Investment aside, Preston is one of the best connected cities in the UK, with Liverpool and Manchester on the doorstep and excellent transport links, allowing easy access to London, Glasgow and Edinburgh in just over 2 hours.
Investors should take note of this sleeping giant, with rental yields already achieving an average 7% and capital growth continuing to increase year on year, now is the time to diversify your property portfolio into Preston.
The * City Deal* was in signed in September 2013, with an investment of £434 million, helping to expand transport infrastructure and create 20,000 new jobs
The Lancashire Economic Partnership is on track to deliver up to 11,00 new jobs, 3900 new homes and leverage 1.2 billion in new private sector investment by 2021
£200 million masterplan, with a 5 year vision to create a sustainable and state of art university which will enhance student and visitor experience
Productivity gains from the HS2, could help provide an extra 600m for the LEP region and 3,000 additional jobs. HS2 could mean 75,000 extra visitors a year, contributing an extra £3.3m to the city’s economy annually
The iconic victorian market is in the process of receiving an incredible £3m transformation, making it a local attraction for visitors looking for a new style dining experience, offering a unique blend of European foods.
25 hectare regeneration scheme to encourage the redevelopment of the area as a mixed use urban village, attracting residents, visitors,students and businesses
The Preston, Lancashire and South Ribble City Deal will generate more than 20,000 new private sector jobs, nearly £1 billion growth and £2.3 billion in leveraged commercial investment
£24.8 BILLION ECONOMY (Lancashire) with a growth target of £2.3 billion by 2026
Preston is one of the most well-connected cities in the UK. Road and rail links to major cities across the country – including Manchester, Liverpool, Glasgow, Birmingham and London
The City Deal will transform Preston, with a £434m investment which will plan to create 20,000 new jobs and 175,000 new homes.
Preston is now appealing to international investors and is proving to be an attractive proposition with low prices and high returns
Preston is the home to one of the UK’s largest and fastest growing universities, UCLan. Home to 30,000 students from over 120 countries.