Preston Property Market Grows

Wigan-based property developer, The Heaton Group, has identified Preston as a property hotspot, with the rental economy booming in 2020.

July 4, 2020 / / —

The last few months have been extremely challenging for everyone and there were fears that the property market would slump. While the post-COVID-19 recovery may not yet be complete, Preston is showing signs of continued market growth. The very definition of an up and coming area, Preston offers an array of opportunities for buyers, investors and tenants.

In 2002, Preston gained city status, becoming the 50th city in the 50th year of Queen Elizabeth’s reign. Since 2002, Preston has been on the up, and the property market has soared in value. Preston’s location is a major draw, with many keen to benefit from easy access to rail and road links. The city is a stone’s throw from Manchester and Liverpool, and direct trains run to and from London and Glasgow. Substantial investment in Preston, as well as in nearby towns and cities, including Liverpool and Manchester, has also contributed to a surge in demand for investment properties and rental homes.

The future looks bright for Preston. As part of the Northern Powerhouse project, Preston stands to benefit from around £400 million of investment in the coming years. A major regeneration project in Stoneygate has also been given the green light. Within the property market, signs of growth, investment and regeneration create interest and trigger increases in demand from tenants, homeowners and aspiring investors, so it is no wonder Preston is turning heads.

Preston has a diverse population, and as such, there is a demand across the board for housing that offers transport links to other major cities, access to amenities and facilities and a lower cost of living than other towns and cities in the North West. The student population has boomed in recent years due to the expansion of the University of Central Lancashire, and employers and employees are also relocating to the area, pushing up demand for city centre apartments and family homes.

Investing in Preston
The Heaton Group is excited about the prospects on offer for those keen to invest in Preston. The city is growing, the market is strengthening and now is an excellent time to buy or rent in the North West. In the last decade alone, property prices in Preston have increased by 25%, and predictions and market trends suggest further growth of up to 25% in the next five years.

About The Heaton Group
Based in Wigan in the North West of England, The Heaton Group is a family-run property development agency, which boasts a portfolio worth over £50 million. With Preston on the up, The Heaton Group is thrilled to offer exciting investment and rental opportunities for buyers and tenants looking to snap up properties in Preston.

Anyone who wishes to find out more about the Heaton Group or development opportunities in Preston is advised to use the following contact details:

Business name: The Heaton Group
Website: https://www.heatongroup.co.uk/
Press contact name: Dan Akister
Press contact address: 2-4 Wigan Road, Wigan, Greater Manchester
Press contact telephone number: 01942 251945
Press contact email: marketing@heatongroup.co.uk

Contact Info:
Name: Dan Akister
Email: Send Email
Organization: The Heaton Group
Address: 2-4 Wigan Road, Wigan, Greater Manchester
Phone: 01942 251945
Website: https://www.heatongroup.co.uk/

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Release ID: 88967162