In the first half of the year, the North West has proven to be a leading destination for real estate investment outside of London and the South East.
Despite some economic and political headwinds, the region has garnered significant attention from investors, reflecting its enduring appeal.
Investment Performance and Regional Comparison
According to recent research by a global property advisor, the North West attracted £970 million of investment in its property sector during this period. Although this figure surpasses investments in the Midlands and Yorkshire, it remains seven percent below the region’s 10-year average.
National Investment Trends
The country’s property sector saw investments totalling £16.2 billion in H1, which is significantly lower than the 10-year average of £21.5 billion but comparable to figures from the same period in 2023.
International Investment and Market Confidence
Jonathan Wiedemann, Head of the North West at a global property advisor, noted, “It’s testament to the strength and attractiveness of the market in the North West that investment has held up better than others.”
Sector-Specific Investment
Wiedemann further highlighted, “The sector, and the North West more generally, is resilient.” This resilience is vital for driving the economic growth that the new government aims to achieve.
Future Prospects
Wiedemann suggested that these improvements in the investment climate will be crucial for economic progress.
Comparative Analysis with Other Regions
Its ability to attract nearly one billion pounds in investment demonstrates its relative stability amidst broader market fluctuations.
Conclusion of Investment Trends
In summation, the data underscores the North West’s robustness in maintaining its stature as a prime destination for real estate investment.
The North West has demonstrated strong resilience in attracting real estate investment, even in a challenging economic and political climate.
The continuous interest from both national and international investors highlights the region’s enduring attractiveness and potential for growth.