New research ranks Edinburgh as top investment location
Research among British property investors by the law firm’s commercial real estate division ranks a list of ten British cities according to their attractiveness as investment options. Bristol (+21) came second to Edinburgh (+24) overall, and was followed by Manchester (+4) as the most attractive destinations for investors – more found them attractive propositions than those who did not.
However, the other seven regional cities did not appeal to the majority of investors, with more rating them an unattractive investment proposition rather than an appealing one. Aberdeen is rated the least attractive location for property investors, followed by Dundee and Newcastle.
David Stewart, commercial real estate partner at Morton Fraser, said: “Bristol has demonstrated real economic resilience since the recession. It has benefited from ‘near shoring’ as London-based companies look to take control of spiralling property costs, and investment to electrify the railway line will cut travel time to the centre of London to less than 80 minutes. “Bristol’s success in protecting inward investment, attracting business and talent, and developing infrastructure means property investors can more easily envisage long-term gains.”
According to Morton Fraser, Leeds, Cardiff and Glasgow will all expect to move into a net positive investment score in the coming year after at least 30 per cent of investors felt they were attractive locations. They have also negotiated city region deals with the UK Government collectively worth at least £3bn.
The rankings were