Located in the East Midlands, an area of the UK noted for its manufacturing industry, Nottingham has always been a bustling city, and now it's even more so because of the massive ongoing development programs that will further expand it. The steady development of the city, which has led to the creation of new job opportunities, and the high number of students learning at Nottingham's prestigious educational establishments, make Nottingham a lucrative place for property investment.
1. 48,000 Students Reside In Nottingham
Nottingham University is one of the most well-established educational centres in the world, attracting not only British students, but also many international ones. To get an idea about the interest students have it it, it's enough to note that over 1,100 Chinese students attend it. The university has many ties with universities from around the globe, and many exchange agreements, so there are always many foreign students in the city. Nottingham's City Centre is brimming with students and most of these reside within the city, so there's a lot of demand for accommodations at all times. And since most students look for affordable rooms to rent, property investment in the city can be extremely rewarding.
2. Businesses Abound
With over 5,000 VAT businesses and an ever expanding office space, Nottingham attracts each year many professionals from all over the UK who are in need of accommodations. The City Centre is so full of retailers that many of the people who reside in the surroundings of Nottingham flock here whenever they want to do some serious shopping. Jobs are easy to get in the city, compared to other locations in the UK, so there are always people moving in. What's more, major companies are particularly interested in the city because each year the two universities located here graduate thousands of highly-skilled and talented individuals, many of whom get jobs right away and settle in the city.
3. Living In the City Is Relatively Cheap
In Nottingham properties tend to be at least 15% cheaper than properties in other parts of the country. Transportation costs are also generally lower because the city, with its excellent placement, enables quick access via car to almost all other parts of the UK in just a matter of hours. Moreover, the corporate tax is almost one third lower than the common tax rate Western Europe, making Nottingham a haven for people who want to establish or relocate a business. All this makes Nottingham an affordable place to live in, and encourages many people from all over the UK to settle in it.
Its large student population, thriving businesses, and relatively cheap living make Nottingham a busy city, one in which property investment has the potential to flourish.
3 Reasons Why Nottingham Is Great For Property Investment
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