Investment Grew at the Rate 619 Per Cent in the North Tech Sector
Foreign Direct Investment in the UK
The UK is the epicentre of the technology revolution, and some leading tech companies, such as Amazon, Facebook, Alibaba etc., are shifting their offices to the north of the capital, mostly as these are cheaper and cost-effective cities.
Asian investors are still buying property in Europe, and the Chinese constitute 50 per cent of the shoppers as per Real Capital Analytics data. Singaporean investor Ascendas REIT recently invested £257.5 million towards Griffen Group UK Holdings in UK logistics.
The UK government's announcement to increase stamp duty by 3 per cent for companies not registered to pay tax got a mixed response from overseas investors. The northern powerhouse in Britain, including Liverpool, Manchester, Leeds, Salford and others, are in the centre of the investment boom, with over 9000 schemes embarked in the last three years.
Housing is the key driving force where the increase in office space grew 92 per cent, schools and universities grew 35 per cent and entertainment by 62 per cent. Construction activities doubled in many areas, and the largest rise in new homes was seen in Tower Hamlets.
Jobs
The northern powerhouse is the new investment hub where dramatic transformation has been pushed with the increase in investment towards local infrastructure, improved transportation, communication links, faster internet and inflow of businesses such as Burberry, KPMG, and BBC that led to the creation of new jobs such as up to 6000 new jobs in the hub of Leeds.
In 2017, the region attracted eight projects through foreign investment, the 10th highest, generating more than 7000 jobs. As a result, the unemployment level dropped during this time.
Connectively And Transportation
The transportation system in the north has improved. At the same time, the government plans to invest more than £100 billion by 2050. Other projects such as the renovation of Manchester Airport and Leeds Train station will further improve the transportation system to drive it comparable to London.
The rail route between Manchester and Leeds is expected to grow four times, from 800 seats to 3,000, by 2020 to meet the growing need.
Northern Tech Sector
Investment grew at a rate of 619 per cent in the northern tech sector between 2012 and 2017, which is the highest compared to any other European region. The highest investment came from the Chinese, who gambled on regeneration projects, mostly in Manchester and Sheffield.
The government's Digital enterprise projects and the NorthInvest are transforming the local economies and offering opportunities to new businesses.
Office Space
The average price of office space in Manchester is £35 per square foot; in Leeds, it is £30 per square foot, and the average cost in London is £68.50 per square foot. So London rates remain more than double.
Education
There are more than 25 universities in the north, and some are the best in Europe. However, only 50 per cent of the students graduating from these universities stay back in these cities. Nevertheless, there are expectations that the northern talent will continue to grow, and the government has been planning to encourage investment for talent retention in the cities.
To know more about UK properties, click Hamilton International Estates
GET IN TOUCH
Contact Our Team
Call:
+44(0)1628 397840
Email:
info (@) hamiltoninternationalestates.com
Visit Our Office
Address:
Chiltern House Business Center
64 High Street, Burnham
Bucks - SL1 7JT
United Kingdom
View On Map >>
Sign up for exclusive access to our property developments
Why Hamilton International Estates
We strive to deliver a personal service for all of our clients
Why us
Our standard is also a measure of the perfection that we strive to achieve in everything we do. Our professional property consultants have cumulatively acquired over 25 years of experience in providing the perfect property development opportunities for all our clients..
What we offer
Hamilton International Estates specialises in property development opportunities. We have a wide range of property developments, ranging from; residential and commercial property. The Hamilton International Estates Standard is the benchmark of our excellence by which we judge ourselves.
Our Role
We build genuine partnerships with our customers and use our intellect to help our clients reach their goals. Our role is to connect buyers and sellers across the world and we offer our clients a number of different assets that they can purchase, retain and profit from.
Our Clients
Our client base is formed of people across the globe who wish to diversify their portfolios as well as purchase and profit from a variety of different assets. Our experience aids us to tailor our services to meet the needs of all our clients.
Disclaimer - Hamilton International Estates is acting as an agent in marketing products and services for many other companies. Hamilton International Estates is not authorised to give investment/tax advice and you should seek independent financial and legal advice prior to making any investment decision. All forecasts are based on historical performance and are purely indicative. The value of your property may rise or fall. No guarantees as to future performance in respect of income or capital growth are given either expressly or by implication and nothing expressed or implied should be taken as a forecast of future performance. This is not an offer to participate in a collective investment scheme as defined in the Financial Services and Markets Act 2000 (section 235) and as such buyers have no access to statutory or regulatory protections including the Financial Ombudsman Service and the Financial Services Compensation Scheme. Hamilton International Estates is not regulated by the FCA and is not authorised to offer advice to the general public concerning any regulated or unregulated investment. Although every care has been taken to make sure that the information in this brochure / website is accurate, Hamilton International Estates cannot accept any responsibility for mistakes or omissions. You should take your own professional advice before taking or refraining from any action based on the contents of this brochure / website which are only intended as a general outline to the matters referred to in it. All content, product description and illustrations in this factsheet, brochures and website are purely marketing material provided by the companies that we work as agents for. Hamilton International Estates registered address Chiltern House Business Center, 64 High Street, Burnham, Bucks, SL1 7JT, United Kingdom, Company Registration Number 10767032 is a sales and marketing agent.