SevenCapital highlights top five emerging UK residential hotspots for 2020

/ EdgeProp Singapore
December 5, 2019 8:17 PM SGT
SevenCapital highlights top five emerging UK residential hotspots for 2020  - EDGEPROP SINGAPORE
UK property investment firm SevenCapital has revealed its top five picks for emerging residential hotspots in the UK for 2020.
The residential localities are Bracknell, Slough, Stevenage, Northampton and Milton Keynes.
“Bracknell’s average property price is about £370,000 [$658,517] – around half of that of the capital, and far less than other surrounding areas including Wokingham (about £480,000) and Ascot (about £870,000),” according to SevenCapital.
The area is also home to tech companies such as HP, Dell and Hitachi.
The place “offers its own thriving business community, alongside fast, direct connections to London and other key destinations, but with a much lower price tag”, the firm adds.
Bracknell was recently named in The Times as one of Britain’s most thriving communities, it highlights.
Price-wise, Slough is around £200,000 less than neighbouring Windsor and about half the prices in London, SevenCapital notes.
The area is also home to global headquarters such as mobile network operator O2 and confectionery manufacturer Mars, and is receiving more than £1 billion in regeneration projects, it says.
Meanwhile, average prices of residential offerings fetched in Stevenage are around £293,000. It is home to pharmaceutical firm GSK’s largest research and development site.
At Northampton, house prices have increased by 5.3% over the past 12 months, showing some of the highest and fastest house price growth, the firm says.
Lastly, Milton Keynes, 33 minutes by train from London, boasts the third highest number of business start-ups per 10,000 of the UK population and has a strong economic performance, it adds.
The city is expected to double its population to 500,000 by 2050, notes SevenCapital.
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