Bristol ranked most attractive location for property investment
Bristol is the most attractive location in England for property investment outside of London, according to new research* by Morton Fraser.
Research amongst British property investors by the law firm’s commercial real estate division ranks a list of ten British cities according to their attractiveness as investment options.
Bristol (+21) came second to Edinburgh (+24) overall, and was followed by Manchester (+4) as the most attractive destinations for investors – more found them attractive propositions than those who did not.
However, the other seven regional cities did not appeal to the majority of investors, with more rating them an unattractive investment proposition rather than an appealing one.
Aberdeen is rated the least attractive location for property investors. This comes after its energy-dependent economy was hit by falling oil prices, leading to thousands of job losses and the contraction of the oil & gas industry.
David Stewart, commercial real estate partner at Morton Fraser, said: “Bristol’s success in protecting inward investment, attracting business and talent, and developing infrastructure means property investors can more easily envisage long-term gains.
“Regional commercial property investment has a lower upfront capital cost but can often return higher yields and longer tenant leases, improving income security. However, those benefits are outweighed by perceived economic risks in most regional cities by potential investors.”
*All figures, unless otherwise stated, are from YouGov Plc. Total sample size was 311 British adults with investment in properties. Fieldwork was undertaken between 5th – 11th April 2016. The survey was carried out online.