It is important to keep on the pulse of where the next great development opportunity is about to emerge and with ERE Property, you can.
Leeds and Hong Kong (PRWEB UK) 6 December 2016
Since ERE’s 2004 inception, house prices have risen significantly, leading to exceptional returns on investment for those using the company’s services, and the market is showing few signs of slowing down. Although the biggest jumps in UK prices have tended to occur in London, significant increases have been noted in cities ERE specialise in including Leeds, Liverpool and Manchester as well as Birmingham. House prices in England rocketed by 8.3% last year, a rise analysts at ERE Property have put down to various factors.
What is influencing the trend of rising house prices in these areas?
According to ERE, house price increases can be linked to investment in transport infrastructure. Better transport links have made areas ERE specialise in more desirable places to live. For instance, the North West has seen a 5.7% rise, whilst the West Midlands has enjoyed an increase of 7.7%. The East Midlands has benefitted greatly, with an increase of 8.2%.
Though the Midlands is noted for its motorway links, these have been the subject of further improvements recently. The new M6 Toll road enables travellers and commuters to enjoy a swifter journey through the Midlands, allowing them to miss congestion as well as frequent accident hotspots. An ERE source pointed to the fact that around 25% of England’s manufacturing was based in the Midlands, meaning that quality rail and road links were vital.
There are many other reasons for investors to purchase property in the Midlands. £1.8 billion is set to be poured in upgrades across the Midlands, with the busy M42 set to benefit from an investment and a new smart motorway system being in development. This new system will identify where accidents have occurred in order to advise motorists to use the hard shoulder. It also promises speed regulation to prevent traffic jams.
The much-discussed HS2 rail route is set to reduce journey times between Birmingham and London to 49 minutes and Birmingham and Manchester to 41 minutes.
ERE also have an assortment of desirable buy-to-let properties in Manchester and the North West. The region is also set to benefit greatly from HS2, with journey times between Manchester and London being cut significantly. Some benefits related to investment are already being seen. The electrification of key lines between Liverpool and Manchester has cut some journeys down to 30 minutes. Landlords who have bought property in Manchester through ERE regularly cite the train link to the airport when advertising homes to business travellers and others.
Work to join Manchester’s two main stations, Victoria and Piccadilly, is already underway, whilst links between Salford’s Media City and Manchester City Centre are also being enhanced, as is Greater Manchester’s Metrolink system. All these changes are encouraging more and more landlords and other investors to consult ERE Property.
The improved transport links in the North West and the Midlands have been one of the main reasons for rising house prices in the two regions according to ERE Property. Better commuting opportunities give investors, buyers and renters a greater level of choice. Sources at ERE point out that, though house prices in the regions are rising all the time, equivalent homes in London are still vastly less affordable. Investing now should mean being able to reap vast rewards once improvements in progress are completed and HS2 is unveiled, according to ERE.
ERE Property has been advocating the investment potential of the UK’s regions for several years and has allowed investors to benefit from many major property developments in these areas. The ERE Property website at http://www.ereproperty.com provides in-depth advice and information for those wishing to invest in the Midlands and North West areas. From major developments in Manchester and Birmingham to Liverpool Waterfront, ERE Property have links to all of the regions’ most lucrative property development hubs and hotspots. Staying up-to-date with the latest development opportunities is essential, and the experience and expertise of ERE Property has enabled developers to take advantage of a wealth of opportunities before they became public knowledge, often at below market value.
