Email: enquiries@pcomproperty.com
+66 9 7072 6615 
Mon-Thurs 10am to 8pm local   Fri 10am to 4pm local   GMT +7  UAE+3  HK/SG -1
REQUEST A CALLBACK
PcomProperty - UK properties for UK expats
  • Home
  • Properties
    • Go To All Properties Listing
    • Westside - City Centre | Birmingham
    • Trafford Civic Quarter | Manchester
    • Victoria - City Centre | Manchester
    • Newark | Notts
    • Jewellery Quarter - City Centre | Birmingham
    • West Bromwich | Birmingham
    • Harrow | London
    • Reading | Berkshire
    • Hayes | London
  • Supported Housing
  • Blog
  • Subscribe
  • Contact
  • Home
  • Properties
    • Go To All Properties Listing
    • Westside - City Centre | Birmingham
    • Trafford Civic Quarter | Manchester
    • Victoria - City Centre | Manchester
    • Newark | Notts
    • Jewellery Quarter - City Centre | Birmingham
    • West Bromwich | Birmingham
    • Harrow | London
    • Reading | Berkshire
    • Hayes | London
  • Supported Housing
  • Blog
  • Subscribe
  • Contact

A Piece of England

A UK buy to let property blog

15/11/2022

JLL 5 year forecast - major cities

 
Picture

Although a house price fall look pretty much baked in for 2023, the pain won't be equally spread. The major city centres look like being a particularly bright spot.

The last two years have seen a 20% plus increase in house prices, driven by the pandemic race for space and reinforced by tax breaks. However, this UK average figure masks significant differences between town and country. Many rural and coastal areas saw prices rise faster than the average, while city properties rose at a much slower pace. That process has already started to reverse and looks set to continue.

UK city centres

Picture
Source: JLL Research

The regional city centres are expected to outperform. In particular London, Manchester and Birmingham are forecast to see property prices rise by almost 20% over the next five years. 

Across London, the long running shortage of housing will support property prices. JLL expects that just 83,000 new homes will be started over the next 5 years. The Greater London Authority says it needs 260,000.

Manchester and Birmingham will see similar price growth to London. Both city centre economies are growing rapidly, with barely a month going by without a major organisation announcing relocation or expansion. While London remains the biggest draw for new graduates, the regional cities now provide a very strong alternative, offering good career opportunities and a lower cost of living,


Comments are closed.

    Piece of England
    Newsletter

    A fortnightly update on UK residential property investment
    Unsubscribe at any time
    Send

    Privacy Policy

    Specialist Sheltered Housing

    6% NET Rental Yield
     Big Social Benefit
    North West

    Conventional residential properties leased to Registered Care Providers, helping vulnerable people live independent lives within their local communities.
    6% NET rental yield
    No letting fees
    No maintenance costs
    Highly secure tenant
    FIND OUT MORE
Picture
Helping expats acquire affordable, profitable and secure UK buy to let property
Home       Properties       Blog       Subscribe       Contact

Tiwanon Road   Mueang   Nonthaburi 11000   Thailand
​
+66 9 2597 4045   8:30am to 5:30pm local   GMT +7  |  UAE +3  |  HK -1