The city of Gloucester has undergone huge transformations in the last decade. A multi million pound investment by developer The Peel Group have transformed the Docks and Quays area from a dilapidated ship yard to a thriving residential, shopping and leisure quarter. Planning applications are also in place to transform the Kings Quarter area, Blackfriars and Baker’s Quay which will see new housing, retail and leisure facilities.
Business and influential leaders say 2015 will be Gloucester’s biggest year. The Rugby World Cup is set to host games at the prestigious Kingsholm Stadium and a wealth of events around the city are all set to attract hundreds of thousands of new visitors to the area.
“It is a big year for Gloucester. A recent report from Ernst and Young predicts that the World Cup will generate 48 million worth of GVA, but because it is such a catalyst for growth in the city it’s likely to have a greater impact than that” (Jason Smith, Chief Executive for Marketing Gloucester as quoted in Cotswold Life, April 2015)
The property market in Gloucester has seen a steady growth over the last decade with house prices increasing by 7% in the last year (Rightmove 2015). Positivity in the market and below average house prices in Gloucestershire has brought numerous investors to the city looking for attractive rental yields and potential growth to add to their property portfolios.
Naylor Powell manage hundreds of properties in and around the City. “Landlords that invest in the right properties in Gloucester can expect minimal void periods and attractive returns on investment in comparison to some of the pricier parts of the County. With the impressive regeneration still going on at a pace we feel property in Gloucester can only be a good investment. With an office positioned in the heart of the docks we are able to offer the best advice as to where you should invest in the city” says James Birt, Director of Naylor Powell.
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