As we begin the new year, property investors have continued to scour potential opportunities that can bring in good returns. Many investors who have been looking at the UK would have noticed the up and coming town of Reading.
As a major commercial centre of London, Reading has been continuously ranked as one of the most dynamic cities for business growth, skills and wages in the UK, attracting large tech corporations like Microsoft and Nvidia to set up their UK headquarters in the location.
Not only that, Reading has also performed strongly when it comes to innovation, business start-ups, employment levels and qualifications. This has prompted companies such as Segro, Ikea and the Topland Group to invest into the town.
For property investors, here are 3 more reasons why Reading has been gaining so much interest among your peers:
- Fast growing Economy
Ernst & Young UK & Regions Economic Forecast 2016 forecasted for Reading to be the fastest growing economy from 2017-2019. Thanks to the presence of Fortune Global 500 Companies such as Prudential and Verizon, the economy has only continued to grow. EY UK & Regions Economic Forecast 2018 has once again forecasted that Reading will be the fastest growing economy until at least 2021. Reading is now home to 13 of the top 30 brands in the world such as Microsoft, Huawei, PepsiCo and the Thales Group
- The Growing Demand for Rental Properties
Reading has a continuously growing technology sector, boasting 8 times the UK average tech density with over 42,000 people employed in digital jobs locally.
This is good news for buy-to-let investors. Demand for rental housing in Reading has been on the rise month on month, so is the rental yield. Local estate agency, Parkers Properties, average rental prices in Reading now stand at £1,364 PCM, a rise of 0.39% year on year and 0.73% higher month on month.
- Excellent Connectivity
Reading Buses has been named as Bus Operator of the Year at the National Bus Awards. Over 200 trains a day link Reading’s new £800 million station with London and this was before the Elizabeth Line (Crossrail). The announcement of the new line will no doubt heavily influence Reading’s prosperity, productivity and people. Thanks to the opening of this new line, new trains will cross the capital, from Reading in the west through Heathrow Airport and to areas in the east such as Shenfield, cutting journey times by up to 80 per cent in some cases. The Elizabeth lines shall be fully open by December 2019
A hot commodity coming to Reading is Bankside Gardens developed by St Edwards of the Berkeley Group. Featuring 461 available units located at the heart of the M4 tech corridor (also known as UK’s “Silicon Valley”) and with outstanding transport links, residents can enjoy the benefits of an improved transport system.
Located next to the upcoming Reading Green Park station which will be open this summer, Bankside Gardens will be a mere 6 minutes away from Reading Central Station.
Bankside Gardens boasts a 9-acres lake combined with 3 acres of parkland and extensive landscaped gardens, offering a tranquil living environment within the well-connected neighbourhood.
Certain amenities such as coffee shops, co-working space, a gym and communal areas will also be within a short walk.
Thanks to these amenities and developments, residents can look to enjoy the quality of life that Reading is known for.
For investors looking to explore this new exciting neighbourhood in Reading, Berkeley Group, London’s top residential developer will be bringing this one-of-a-kind property to Singapore this February! Register your interest in the exclusive property investment seminar for more information on investing in Reading and Bankside Gardens!