Wednesday, 28 December 2016
Brexit 2017- Rupert Cattell, Managing Director, Ownersellers Limited
Brexit 2017, The Highs and Lows of 2016 & The Future of High Street Agents – Valuable Comments via Video Interview of Rupert Cattell, Managing Director, Ownerellers Limited
Wednesday, 21 December 2016
Monday, 12 December 2016
Airport Properties Flying
Buy to let property investors will be interested to hear that homes
near airports carry a premium price, despite apparent drawbacks such as
noise and air pollution, according to research from online estate agent
OwnerSellers.
The survey found that houses within the same postcode as Manchester Airport cost 73 per cent more than similar properties in the surrounding area. Meanwhile, living near Birmingham International Airport bolsters prices by 43 per cent, whilst homes near East Midlands Airport can add up to 25 per cent to property prices.
Although the trend was found unlikely to affect properties near the London airports of Heathrow, Gatwick and Stanstead, the presence of an airport in an area can boost the local jobs market and improve infrastructure, often making the postcode more desirable.
House price premiums in other airport cities were found to be 18 per cent for Leeds, 13 per cent for Bristol, 8 per cent for Edinburgh, 7 per cent for Luton, 5 per cent for Newcastle and 2 per cent for Liverpool.
Founder of Ownersellers, Rupert Cattell, said: ‘Homeowners have always considered areas near airports a disadvantage because of noise and traffic, however, this research conclusively demonstrates house prices near airports are undoubtedly soaring. Airports are almost always excellently linked to city centres and business hubs by train and road networks, giving residents who live in the area a great advantage when it comes to travelling and commuting. Anybody planning to grow their investment should not dismiss areas near airports – this could be a gateway to significant capital growth.’
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The survey found that houses within the same postcode as Manchester Airport cost 73 per cent more than similar properties in the surrounding area. Meanwhile, living near Birmingham International Airport bolsters prices by 43 per cent, whilst homes near East Midlands Airport can add up to 25 per cent to property prices.
Although the trend was found unlikely to affect properties near the London airports of Heathrow, Gatwick and Stanstead, the presence of an airport in an area can boost the local jobs market and improve infrastructure, often making the postcode more desirable.
House price premiums in other airport cities were found to be 18 per cent for Leeds, 13 per cent for Bristol, 8 per cent for Edinburgh, 7 per cent for Luton, 5 per cent for Newcastle and 2 per cent for Liverpool.
Founder of Ownersellers, Rupert Cattell, said: ‘Homeowners have always considered areas near airports a disadvantage because of noise and traffic, however, this research conclusively demonstrates house prices near airports are undoubtedly soaring. Airports are almost always excellently linked to city centres and business hubs by train and road networks, giving residents who live in the area a great advantage when it comes to travelling and commuting. Anybody planning to grow their investment should not dismiss areas near airports – this could be a gateway to significant capital growth.’
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