Belfast City is named in the top 10 areas for UK residential investment
Belfast has been named as one of the top 10 cities for UK residential investment opportunities, according to commercial real estate advisers Colliers.
The city was placed seventh in Colliers’ inaugural Top UK Residential Investment Cities report due to the affordability of housing in the city, house price growth, strong rental yields, as well as access to leisure facilities and good broadband connections.
Colliers compared key cities across the UK against 20 indicators in the four the main areas of economics, property, education and liveability.
Jonathan Millar, Managing Director of Colliers’ Belfast office said: “The city is particularly attractive to investors as housing is affordable for both buyers and renters, and there is strong record in house price growth. There’s also lots to do in the city and the surrounding area, with many leisure facilities and attractions, which are great for residents as well as tourists.
“Economically Belfast is turning in to the epi-centre for paralegal work, as well as cyber security and fintech firms and the council is committed to city centre regeneration. Once the dust settles on the new trading arrangements with the EU we’re expecting business in the city to boom even more.”
Andrew White, head of residential continued: “With the city centre regeneration plans, Belfast is a city that’s attractive for all sorts of residential developments, particularly as it scores high in the areas around good quality of life. The opportunities for the city are going to continue to grow and it’s going to be under the watchful eye of those looking to invest in residential.”
Oliver Kolodseike, deputy chief economist at Colliers, compiled the results. He added: “Belfast topped both our liveability and property categories due to its affordable housing, great connectivity and leisure services. As we repeat this report in the next few years and the UK Government invests in its regional rebalancing programme, it’s going to be interesting to see how Belfast performs compares to other UK cities.”
Colliers’ overall top ten list is:
10. Milton Keynes
A message from the Editor:
Thank you for reading this story on our website. While I have your attention, I also have an important request to make of you.
In order for us to continue to provide high quality and trusted local news on this free-to-read site, I am asking you to also please purchase a copy of our newspaper whenever you are able to do so.
Our journalists are highly trained and our content is independently regulated by IPSO to some of the most rigorous standards in the world. But being your eyes and ears comes at a price. So we need your support more than ever to buy our newspapers during this crisis.
With the coronavirus lockdown having a major impact on many of our local valued advertisers - and consequently the advertising that we receive - we are more reliant than ever on you helping us to provide you with news and information by buying a copy of our newspaper when you can safely.
You can also enjoy unlimited access to the best news from across Northern Ireland and the UK by subscribing to newsletter.co.uk
With a digital subscription, you can read more than five articles, see fewer ads, enjoy faster load times, and get access to exclusive newsletters and content. Visit https://www.newsletter.co.uk/subscriptions now to sign up.