Movers & Shakers – “Regenerating and Investing in the North West”
Michael Dong was a Guest Panelist at the Movers and Shakes “Regenerating & Investing in the North West” breakfast on May 3rd 2019
A buoyant and informative Movers & Shakers breakfast covering regenerating the North West and its continued attraction to investors – main topics included looking to the surrounding areas of GM for added value and opportunities outside the city center, HK investors views surrounding Brexit and the North West becoming the new London; Hot property, high demand and excellent growth. Additionally surrounding the Modular Build and integrating customization within the property themselves via digital interface; much the same way as when an individual would customize their car prior to purchasing online though various paint, engine and model classes etc.
As we know, The North West is a place of massive activity at the moment – especially so for residential; With wages increasing, jobs prospects growing and a number of international companies setting up their UK diversions in the North West, it’s a booming market.
5 years ago, international investors were focused on the South of England – wanting hot property in the pricey high end market that reaped such excellent yields. Fast forward a few years, and the Manchester is undergoing a residential boom with nearly 15,000 units in construction – double the figure of just two years ago. In total, a massive 78 sites are currently under construction with more to follow.
For the inevitable Brexit angle, while indeed a big situation – it is a painful, short term divorce that will not affect investors from a long term and excellent yield return. Now is the phase of initial uncertainty which will inevitably pass through to long term confidence in the market; the constantly growing population will always require property, which leads to the key issue of supply and demand, in turn offering excellent opportunities to investors.
Michael Dong spoke alongside leading industry experts including; Helen Spencer of Great Places Housing Group, Brian Ham of Development Home Group and Paul Richards of Stockport Metropolitan Borough Council
At Investar Property Group, we focus entirely on the North West market with a number of current projects across the area – such as Melody Gardens in Salford, a JV affordable housing development with Places for People; Fabric Village, a landmark development in the heart of Liverpool’s knowledge quarter. Our portfolio spans a total £135m GDV across a total of 1220 units. During 2019, we’re aiming to secure a further 1000 units, and our vision for the next decade is delivering 10,000 across the North West.