With Brexit looming over the UK, there has been plenty of scaremongering and anxiety about the UK property market. Home buyers and investors are left wondering if property is still a good investment, and if yes, when should you enter the UK market?
Undoubtedly, today’s uncertain market will have an impact on Britain’s current economy and housing market, however, analysts believe the political and economic turbulence will be short-lived. The fundamentals of the UK property market continue to remain robust and demand for homes significantly outstrip supply, in one of the key issues faced by the UK government.
This long-term pressure on housing supply is expected to push up housing prices and we have observed average house prices rising at twice the rate of inflation. The spillover effect of this is, an equally strong buy-to-let market. A survey conducted by Knight Frank forecasted that 1 out of 4 households will be renting privately by the end of 2021.
Despite the uncertainty in the market, many continue to believe that today’s market offers precisely the conditions in which savvy property investors can find attractive investment opportunities at lower price levels. UK is home to some of the world’s most coveted universities and combined with the weaker Pound and low interest rates, there is no wonder why London’s price growth is forecasted to be ~13% over the next 5 years.
One of the positive developments in the UK is the upcoming Crossrail and HS2. With the development of these “super-hub” stations, Park Royal district in West London stands to win big as it is the only place where HS2 and the great national infrastructure rail success, Crossrail will connect.
Park Royal – London’s Major Transport Interchange
Park Royal is already well established as a manufacturing and logistics hub, home to London’s largest business park with over 1,200 commercial tenants. Combine this with this new state-of-the-art station, Park Royal will be the only High-Speed Interchange that is served by both Crossrail and HS2 and is expected to serve up to 250,000 passengers per day across seven Underground and rail lines.
The Central Line currently connects Park Royal district to areas in Central London such as Oxford Circus and Bond Street in under 30 minutes. With the upcoming Crossrail Line, one can find themselves at Bond Street or Paddington Station in less than 15 minutes. The upcoming HS2 Line can connect Park Royal district to Birmingham in 50 minutes and to Manchester in just slightly over an hour.
A great place to live, work and play
Close to the bustling high streets of Ealing and Chiswick, residents can find any shops they want, ranging from the major high street brands to the independent, artisan, family-owned shops. If that is not enough, Park Royal is merely 10 minutes away from Westfield Shopping Mall, home to over 300 brands, restaurants, cafes and bars. If you are a sporting advocate, Park Royal district is home to many beautiful green spaces where one can engage in a casual weekend cycle or more. The sky is the limit when it comes to the endless amount of activities in the Park Royal district. The amazing selection of museums, cafes, bars, restaurants, live music venues and more will ensure that there is something for everyone here at Park Royal district.
A lifestyle above all in Park Royal
Set to be an iconic landmark in Park Royal, the Regency Heights stands tall at 27 storeys, offering an amazing view of the beautiful landscape of London and the city centre.
Located within walking distance to the Hanger Lane Tube Station and Park Royal Tube Station, Regency Heights offers residents unparalleled connectivity to various parts of London and beyond. With the current Piccadilly and Central Line, residents can travel to central parts of London such as Oxford Circus in just slightly over 20 minutes. The upcoming HS2 will also allow residents to be at Manchester in just slightly over an hour.
Regency Heights is designed to be a sanctuary where residents can retreat to after a day of hustle and bustle in the busy city.
This home has been built with both professionals and families in mind. The ease of connectivity and proximity to surrounding high street provides convenience for busy professionals and caters to the various needs of the families. In addition, with the rising number of renters, it’s worth considering the type of renter your investment will appeal to and this is without doubt, one that would appeal to both professionals and families looking for connectivity and a lifestyle that puts international restaurants, cafes and boutiques within minutes from your home.
For investors looking to find out more about investment opportunities in UK’s major transportation interchange, Park Royal, One Global will be bringing this one-of-a-kind property to Singapore this April! Register your interest in the exclusive property investment seminar for more information on investing in UK and Regency Heights!