Chester Property Investment

ROBERT JONES PROPERTY İNVESTMENTS Location, Location, Location... PROPERTY INVESTMENT IN CHESTER? Chester offers a lot of opportunity for property investment. This infographic explains why and gives you an insight into its potential. Development It's great when areas have large scale current and future planned investment as this leads to long term house price growth How does Chester fit in? The Northgate Development, alone has an investment of £460 million The Chester One This will Annual increased City Plan has been create around spend to the local economy of £143 MILLION given a fund of: 1,600 JOBS £1.3 BILLION Demand expected to outstrip supply Supply Demand There is a net residual requirement for The population of the area is predicted 1,496 extra housing units to be built to increase by 11% by 2031 per annum between 2008-2021 78% of occupied dwellings are owner During April 2003 to March 2009 (a 6 year period during the property boom) only 5745 units were completed (approximately 957 per year) occupied and 7.1% is private rented There are currently around 12,000 applicants waiting for social housing throughout West Cheshire & Chester Even if the build level returned to boom levels, it would still fall far short So we have exactly what an investor would want: demand rising far faster of the required figures. This will put pressure on the local housing supply than supply House Price Data For Chester Hometrack data shows that the lower ПиЦИ quartile property values are around 33% HIGHER than the regional equivalent 1 bed Flats have been 2 bed houses have held most affected by the up well in the region, drop in property values in the region, showing a 20.8% REDUCTION in values from their peak only showing an 8.3% REDUCTION from their peak, during the same time scales. during a 5 year period from March 2007 to March 2012 Regional Chester However key areas close to Chester City Centre offer great potential as they are house prices in the region more affordable and have good yields have stayed relatively static over the past two years with some small increases balanced by a small decline Summary Higher prices can be good because they're an indication of steady demand within an area. Steady demand usually More affordable areas in There's no "one size fits all" handy locations can mean approach to property "opportunity" investment, it's all down to your own investment goals and how much risk you'd like. Chester has something means a safer investment, if you're risk averse for everyone Infographic brought to you by www.PROPERTYINVESTMENTSUK.co.UK Data sourced from: Cheshire West & Chester Council Housing Market Bulletin, Chester Renaissance