Kingston Upon Hull
Hull is a city with culture embedded in its DNA. In 2017, the city was given the title of ‘UK City of Culture’, sending it on an upwards trajectory of growth. The city has harnessed this period of its history, investing £27 million into transforming its fishing ports and turning them into world-class tourist destinations. This reviving port city has quickly become a property investment hotspot thanks to its affordable house prices, excellent yields and thriving rental market. For those looking for a profitable first step onto the property ladder, Hull could not be better placed.
Kingston upon Hull is one of the best-kept secrets in the property investment world. A hidden hotspot and dark horse, rising the ranks of economic growth. It presents the dream combination of the low initial purchase price and a significant increase in demand. Regeneration has been at the heart of this, with previously desolate office spaces being transformed into modern, trendy apartments
Not to mention, the city is globally recognised as a pioneer for the use of renewable energy. Already, countries are looking towards Hull as a leader in sustainable living and clean energy. With the climate emergency reaching boiling point, cities like Hull will become role models the global community will look towards. For investors, this is exactly where you want to be looking when investing.
Property Market
The housing supply is not keeping pace with the rapid demand - particularly at the upper end of the market - where most professional tenants want to live. Rents are rising year on year and low purchase prices result in some of the highest UK yields
Innovation
Hull is rapidly becoming a world class hub for digital, creative and technology industries. It's City of Culture award helped see unprecedented levels of tourism, retail and leisure and the property market continues to flourish as a result.
Regeneration
Over the last eight years, over £1.5 billion of regeneration capital has been injected into the city.
Connectivity
The Paragon Interchange connects Hull directly to London in just under 2 hours and 40 minutes as well as regular services to Leeds, Manchester and Sheffield
Economy
Renewable energy has been the driving force behind Hull's changing fortunes. Siemens are the main player in the North East and they have invested over £500 million into their wind turbine factory and created more than 1000 jobs
2017
In 2017, Hull was given the title of UK city of culture, transforming the economy and sending it onto an upwards growth trajectory