Vibrant Capital of the North East
Newcastle is the vibrant capital of North East England. Renowned for its cultural offering, sport, excellent shopping, exciting nightlife and great restaurants, Newcastle draws people from all over the world and, in particular, many tourists from Scandinavia who take the short trip across the North Sea to enjoy everything the city has to offer!
The arrival of the Centre for Life, Dance City and Seven Stories, the National Centre for Children’s Books, demonstrates Newcastle’s capacity to reinvent and redesign itself. With a market of 1.7 million people less than a half-hour drive-time of Newcastle city centre, investors and businesses alike are drawn to Newcastle for its skilled workforce, strong international links, numerous development sites and premises and two world-class universities.
High demand for student property
Over 50,000 students attend Newcastle’s two universities, 9,000 of which come from overseas. However, current estimates state that there are less than 10,000 student beds in the city to accommodate them so the demand for purpose-built student accommodation is extremely high, creating strong rental returns for student property investors.
Well connected city
Newcastle is a well connected city, with the international airport only 25 minutes from the city centre. The city is also well known for its all-weather deep berth port which is host to a number of freight operations as well as providing ferry connections to continental Europe. Its location on the high speed East Coast mainline means that many of the UK’s cities are a short train ride away, making the city easy to access.
Diverse property opportunities
Housing in Newcastle ranges from historic homes full of character to the very latest in contemporary city centre living. Victorian dwellings are available in city villages such as Gosforth, Jesmond and Low Fell. If you are looking for more family-orientated properties then suburbs such as Darras Hall, Rowlands Gill and Great Park fit the bill.
Universities boosting the buy-to-let market
Home to four major universities, the Liverpool student population is around 66,000 and plays a significant role in the residential buy-to-let sector. The University of Liverpool, Liverpool John Moore’s University, Liverpool Hope University and the Liverpool Institute of Performing Arts have some of the highest student retention rates in the UK, with 60% of students staying in the city and further boosting the buy-to-let market.
City centre living
For people who enjoy the buzz of city centre living then the smart apartments of the Quayside may be more what you want so that you can be close to the city’s bars, restaurants, shops and galleries.
Property investment opportunities in Newcastle are wide and varied and now is a great time to start your portfolio in the city.