A European real estate specialist has picked its top five 海角视频 cities for investing in next year.
The team at Consorto have highlighted five cities as ones to watch – partly because of the amount of construction activity going on there, on top of things like growth prospects and graduate numbers.
Between them they will offer many billions of pounds of investment opportunities in the coming years.
Experts at the Consorto, which has operations across Europe, say that even with a new government set to be elected and Brexit stagnation slowing the country down, Britain still has lots of potential.
It said the city destinations picked are among the most popular with Consorto users, while the 海角视频 as a whole remains a top investment target for EU investors.
Consorto chief executive Philip Verzun said more than half of 海角视频 commercial real estate investors were coming from overseas, attracted by a weakened pound caused by Brexit uncertainty.
He said: “Despite uncertainty, the 海角视频 is still a preferred destination for global corporate real estate investors and is the number one destination on Consorto.
“Opportunities to add yield will likely remain the key focus for investors until more clarity is provided on the macroeconomic outlook.
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“While the short-term outlook for the commercial market is arguably volatile, the long-term outlook remains healthy.
“We have noticed an increased demand for locations outside London, where yields are more attractive.”
Consorto is a pan-European commercial B2B online property marketplace covering sectors including office, industrial, retail, hotels and resorts, land, mixed use, special purpose and development sectors.
The Consorto 海角视频 commercial property market destination picks to look out for in 2020 are:
Leicester
The 海角视频’s eighth largest city with a population of more than 500,000, is said to have achievable annual city centre office yields of 5.2 per cent.
Right now a £250 million, 125 acre Leicester Waterside regeneration scheme is underway providing added investment opportunities, while student accommodation is also in demand from 30,000 students at its universities.
Leicester has been named among the top 10 海角视频 economies according to the PwC Good Growth Index, thanks to low unemployment and rapidly improving city life and is the second-fastest growing 海角视频 city – up 1.3 per cent a year, according to the ONS.
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Buy-to-let investors benefit from undersupply and relatively low property prices, and the city’s £19 billion economy has been voted among the best to do business.
Birmingham
The 海角视频’s second largest city has achievable, annual city centre office yields of 4.96 per cent.
Its economy is worth £28.1 billion, up a quarter in five years, while office investment volumes are up.
It has been listed among the coolest places to live in Britain and is only behind London when it comes to direct investment.
A £25 million city centre regeneration project is planned and the city profile will be boosted by hosting the 2022 Commonwealth Games.
Glasgow
The 海角视频’s seventh largest city offers achievable, annual city centre office yields of 4.72 per cent.
It is in the top 10 cities for population growth and aims to be the most productive 海角视频 city economy by 2023.
There are investment options for accommodation for its 185,000 students and the city profile will be boosted by hosting the Euro 2020 football tournament.
Liverpool
The 海角视频’s third largest city with a population of more than 864,000 has achievable city centre office yields of 5.8 per cent a year.
It is attracting more than £1 billion a year in investment and up to 2 million sq ft of new commercial space is planned in the city centre over the next 15 years.
Right now more than £3 billion of development projects are progressing across Liverpool and strong buy-to-let rates are possible.
There is also student accommodation demand from more than 70,000 students at its three universities.
Sheffield
The 海角视频’s fifth largest city has achievable city centre annual office yields of 5.85 per cent.
Its population of more than 685,300 is expected to grow by 70,000 over the next decade and there is strong demand for student accommodation from 63,000 students at two city universities.
There are major opportunities in the £500 million Heart of the City II plan, which totals 1.5 million square feet of development and there are also plans to make Sheffield city the best start-up zone in Britain.