Press Room
University Towns Offer Robust Property Investment Prospects
People interested in making a property investment should remember that university towns offer a stronger economic environment to put their money into, Knight Frank has said.
Liam Bailey, head of residential research at the consultancy, said university towns tends to have a more mixed economy and more technical spin-offs, building a healthier economy overall.
"You have probably got a more educated workforce, a more diverse employment base and more of your local economy directed towards new industries, so there is probably a more robust economic environment that you are investing into," he added.
The comments follow research by Lloyds TSB, which revealed this month that average house prices in new university towns have increased by 70 per cent over the last decade.
Bangor in Wales recorded the biggest increase at 129 per cent, followed by Carlisle, Sunderland and Dundee.
The most expensive new university town was Winchester, with an average house price of £364,667, while older towns such as Aberystwyth also recorded significant growth.
Start searching for your new home on email4property today.
-- Ends --
Notes for Editors:
Article date: 8/22/2011 12:00:00 AM