Preston – The property investment hotspot of 2023?

Preston, Lancashire has been steadily emerging as an investment hotspot over the last few years, and will be continuing to be one of the best investment opportunities in the country coming into 2023.

What makes Preston such an attractive property investment hotspot? 

1. Strong economic growth: Preston has a strong and diverse economy, with a range of industries including manufacturing, healthcare, and education. The city has experienced steady economic growth in recent years, and this trend is expected to continue in 2023.

2. Affordable housing: Preston has a relatively low cost of living compared to other major cities in the UK, making it an attractive place for both living and investing. The city has a range of housing options, including both new developments and more established neighbourhoods, which means that there are opportunities for investors to find properties that meet their needs and budget.

3. Good transport links: Preston is well-connected to the rest of the UK, with excellent transport links by road, rail, and air. This makes it an attractive location for businesses and residents alike, as it is easy to access other major cities and transport hubs.

4. Strong education sector: Preston is home to a number of top-performing schools and universities, which makes it an attractive location for families and professionals alike. The strong education sector also helps to support the local economy, as it attracts students and professionals to the area.

5. Attractive leisure and cultural offerings: In addition to its strong economic and education sectors, Preston also boasts a range of leisure and cultural offerings. The city has a number of parks, museums, and cultural attractions, as well as a thriving arts scene. This makes it an attractive place to live and work for people of all ages.

Overall, Preston is a city with a lot to offer, and it is expected to be an increasingly popular investment destination in 2023 and beyond. With its strong economic growth, affordable housing, good transport links, strong education sector, and attractive leisure and cultural offerings, it is an attractive place for both businesses and individuals to invest.

Speak to Kingswood Estate Agents expert property advisors

Looking for independent, expert property investment advice? Kingswood Estate Agents Preston are experts in the local area and with decades of sales, letting and investment experience are perfectly suited to help you on your Preston property investment journey. 

Speak to our team today.