There is no denying the North of England is in good shape compared to the rest of the country when it comes to property development. There is room for improvement, and hopefully, things will get better, but you often hear how experts and industry professionals rate the North of England highly.
The latest backing for this part of the country comes from a national study of developers, undertaken by the finance specialist Together. Their research shows that 65% of respondents say they intend to increase their investment activity in the north of the country in the next two years. The areas of most significant interest for these respondents are houses and flats.
The North East is a popular area for property developers to consider
For the North East, 57% of respondents suggest it the most opportunity-rich of the country, with the North West coming in at 42% and Wales at 40%. Scotland has been recognised by 38% of respondents as a location primed for investment, Yorkshire and Humberside was cited by 22%, and the South East was mentioned by 13% of respondents.
96% of property developers who undertook the survey said they back the Northern Powerhouse initiative, while 64% said their experience in this area had been “very positive”.
Andrew Charnley is the Head of Corporate Relationships at Together, and he said; “Given the uncertainty around Brexit and the prospect of tougher economic headwinds, it’s encouraging to see developers remaining so bullish, particularly when it comes to the North. Our own experience reflects these findings having supported a significant number of new developments in the North with a healthy future pipeline too.”
Stockport has a lot to offer property developers, and homebuyers
Charnley continued by saying; “The chronic supply/demand imbalance in residential housing is creating the biggest opportunities yet many developers continue to be hampered by obstacles such as a shortage of suitable sites and access to finance. We understand the pressures facing developers and take a highly flexible approach to meeting their finance requirements, often delivering solutions under highly challenging timescales.”
We know many people instinctively think of Manchester when it comes to the North East, but there is so much more for property developers to consider in the North East. We are pleased to say that Stockport is close to Manchester, and is on the rise. With an easy commute to Manchester, and a dependable service to and London, Stockport has a great deal in its favour.
With convenient transport links to the centre of Manchester, and significant developments taking place, Stockport is the ideal place to buy, live or invest. As Stockport property specialists, we want to ensure you stay in touch with the latest property news. If you are looking for assistance in this area, give Spencer Harvey a call on 0161 480 8888 or send us an email at info@spencerharvey.co.uk. For a free valuation please visit: https://www.spencerharvey.co.uk/valuation-enquiry.html