Why Put money into Leicester?
Leicester is a fast-growing a part of the nation, which bodes rather well for property traders. The current (2023) metro area population is around 566,000, which is a rise of 0.71% from 2022. The UN predicts that this quantity will rise to 506,000 by 2030.
Leicester has an industrial previous, finest generally known as a producing centre for footwear, hosiery and textiles… it was mentioned that Leicester clothes the world. At this time it has a powerful, trendy financial system based mostly on mild manufacturing, providers and distribution – so excellent news for employment numbers and the property market.
Leicester is house to among the UK’s largest employers together with Subsequent, Sytner Group, Dunelm and Walkers who – and right here’s a little-known reality for you – function the most important crisp manufacturing facility on the planet!
In keeping with this yr’s (2023) Good Growth for Cities Index additionally it is the best city in the East Midlands in which to work and live. The report takes into consideration 5 prime components, particularly revenue distribution, revenue, security, work-life steadiness and jobs.
Extra excellent news for the property market is that the College Hospitals of Leicester NHS Belief is among the largest and busiest NHS Trusts within the nation, employing 15,000 people.
As you would possibly anticipate, Leicester is a well-liked scholar metropolis – it’s apparently one of many UK’s top 3 student cities so the coed lodging market is powerful. The College of Leicester has round 17,000 college students. De Montfort College or DMU has round 22,000.
Each Leicester universities have campuses on the perimeter of the town centre with many scholar lodging blocks right here. Standard areas for privately rented scholar lodging embrace Clarendon Park/Knighton, Stoneygate, North Evington/Evington, Highfields, Aylestone Park/Knighton Fields, Oadby, West Finish plus the town centre itself.