Newcastle

Newcastle (or Newcastle Under-Tyne) is a major city in both the UK and in Europe. It is the unofficial capital of the North East and the North’s most populous city. It is also part of the Eurocities, a European network of major cities. The city is home to Newcastle University, which is part of the Russell Group of elite universities. It is also home to Newcastle United, the world-famous Premier League football team.

Newcastle’s modern economy is now built around corporate headquarters, learning, digital technology, retail, tourism and cultural centres. In total, Newcastle contributes over £13 billion towards the United Kingdom’s economy. Newcastle’s largest shopping centre Eldon Square attracts over 36 million visitors yearly. Like many Northern cities, Newcastle is seeing huge redevelopments and regenerations over the last decade and continues to do so.

Regional capital of North East
One of the UK’s fastest growing cities
£13 billion economy
One of the highest graduate retention rates
Home to multinational companies such as Barclays, Virgin, Siemens and Nestle

Want to know more about the best projects in Newcastle? Start here:

Capital Growth

Savills’ forecasts that, by 2024, property in North East England will have enjoyed among the highest levels of price growth in the UK with an expected growth of 21.7%. London has one of the slowest rates of property growth in the UK. Naturally, global investors looking for high yields and returns from their UK investment are turning to the North instead.

Investment

Newcastle is at the forefront of the Northern Powerhouse which is the government scheme aimed at moving business from London to the North of England. Due to this vast investment is being made into the city such as the £120 million JEREMIE2 funding, £350 million investment into Newcastle Helix for international tech and science businesses and the £100 million Giant’s Quay development.

Connectivity

Newcastle International Airport is only 20 minutes from the city centre and connects to over 85 destinations worldwide carrying over 5 million passengers.

Education

Thriving student population of over 50,000 students across 2 major universities, with a 55% graduation retention rate, one of the highest for any university in the country.

Population Growth

1.6 million people currently live within a 30-minute radius of the city and its population has more than doubled since 2002. Newcastle ranks in the top 10 UK cities for growth in the 21st century.

Economy

Newcastle currently contributes £13 billion towards the UK ‘s GVA each year whilst securing over £600 million to the local economy. The tech sector alone in Newcastle is set to be worth £2.5 billion by 2025.

Why You Should Invest in Newcastle Property

Naturally, global investors looking for high yields and returns from their UK investment and so are focussing away from London .

Savills’ forecasts that, by 2024, property in North East England will have enjoyed among the highest levels of price growth in the UK, with an expected growth of 21.7% along with rents estimated to increase consistently by 4.5% per annum.

Such high levels of growth and appreciation would not be possible without an ever growing population and such high skilled workers, specifically in the tech industry. Being an integral part of the Northern Powerhouse, with approximately 1.6 million people living in the city and being one of the fastest growing economies in the UK, Newcastle is already home to multinational companies such as Siemens, Nestle, Proctor and Gamble, Virgin Money and Barclays.

Newcastle’s property investment market has had a more steady growth than say Manchester, making it a more affordable city with more room for potential growth to invest in.

As the old saying goes, once something becomes a trend, it means that you have already missed it. Investing in Newcastle today is comparable to investing in Manchester or Liverpool 10 years ago, so are you ready to get ahead of the property investment trend?

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