Five Reasons Exeter Has a Bright Future
by Gemma Moyce
January 18th, 2018
Exeter, Devon’s capital, is particularly sought-after at present; and its desirability looks set to continue, thanks to its exciting plans for the future. Here’s more information.
Why Exeter Has a Bright Future
Exeter University regularly features in the Top 25 universities in the UK, which is why numbers of students continue to grow, year on year. At present, there are close to 18,000 undergraduates studying at the university; an increase of 29% in just four years; which means plenty of students are actively seeking accommodation in the city. If you’re interested in purchasing a new build buy-to-let property with a captive tenant audience, Exeter is an excellent choice.
Regenerated city centre.
In 2007, Exeter’s city centre underwent radical regeneration, with the 1950s Princesshay shopping precinct ripped down and replaced with a chic covered retail area instead. This regeneration work continues – the popular Guildhall shopping centre has been completely transformed and now features a wide variety of major chain restaurants, and there are further works scheduled for the bus and coach station. All of this looks set to push property prices up in the future.
Supporting local businesses.
Exeter has introduced several initiatives for businesses in the last few years, such as Business Growth Vouchers (up to £2,000), the Assisted Asset Purchase Scheme and SMART grants for science, engineering and technology. There’s also EXIST (Exeter Initiative for Science and Technology) which promotes networking and knowledge transfer in the area. As a result, more businesses are looking to make Exeter their home, which will boost the local economy.
Great transport links.
Despite its distance from London, it’s possible to reach the capital in just over two hours by train. Bristol (the largest city in the South-west) is only an hour away, as is Plymouth; and the M5 motorway runs alongside the city. Plans are also underway to improve Exeter’s transport infrastructure, which will make it easier for people to commute across the city itself.
Plenty of investment options.
Exeter is divided into several areas; with some locations being ideal for buy-to-let investments, and others more suited for families with children. This makes it easy to diversify your portfolio if you’re looking to invest heavily in the area; or alternatively, if you’re looking for a location to settle with the family, it’s easy to identify which areas to target. Generally speaking, Mount Pleasant, Newtown, Pennsylvania and the city centre appeal to students, Heavitree and St Leonards are excellent for families (thanks to the great schools in the area), and Whipton, St Thomas and Exwick offer great value for money.
When Should You Invest in Exeter?
Exeter property prices have been rising steadily over the last five years, and with the regeneration works going on, they look set to climb further in the future. It’s a wise idea to invest sooner rather than later, and enjoy good capital growth as a result.