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Why You Should Consider Derby For Property Investment

Friday 29 April 2022

Derbyshire regularly appears in the top UK rankings for buy-to-let investment. The central location has helped boost the region’s popularity amongst larger employers; particularly manufacturers and logistic companies that can make use of convenient transport links. Derby is rich with the heritage of innovation, home to major companies such as Rolls Royce, Toyota, and Alstom.

The investment case for Derby is clear:

  • 30% increase in GVA since 2009
  • 5 neighbouring international airports
  • 45 million tourist visitors annually
  • 9 million people within 20 miles of the county
  • 89 minutes to London St Pancras
  • City Centre Masterplan that seeks to leverage £3.5 billion in new investment and create 4,000 new jobs by 2030
  • The average weekly wage is £619, in comparison to a national mean of £497
  • Situated in the East Midlands; in February 2020, Derbyshire topped the rankings in Ernst & Young’s Regional Economic Forecast, having grown at a faster rate than any other UK region.

Derbyshire is home to a top 30 university, and industry, skills and innovation in the area are thriving. The central location, excellent transport links and quality of life make the city an attractive place for young professionals to call home.

The City of Derby has a population of around 247,000 people. Official forecasts suggest the population could rise by around a quarter to 312,000 by 2037 increasing the demand for property – so good news for property investors looking to invest for the future.

Derby has excellent transport links which makes the city popular as a place for companies as well as employees to locate. It is close to the M1, A50, and A38 as well as East Midlands Airport, one of the UK’s busiest fright airports and a hub for the logistics industry.

It is not just engineering and manufacturing that Derby is known for. The city is also home to Derbyshire’s main retail centre, Derbion. Featuring over 200 shops, leisure attractions and eateries. Friar Gate is a centre for the city’s social life and The Cathedral Quarter is a hotspot for independent shops, cafes, restaurants and bars, and arts and cultural venues.

Derby has benefitted from millions of pounds of investment in recent years, and even more is in the pipeline. Derby City Council has a City Centre Masterplan which aims to deliver city centre improvements, new jobs, and new homes in the city centre.

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