Bulletin

Property investment soars by 84% in Q1

real estate

Colliers International estimates that total property investment transactions in the North West have risen in value by over 84% in the first quarter of 2015 - the biggest increase for any region outside London. Research by the real estate advisers showed that international and domestic institutional investors invested £746m in commercial property in the region in the first three months of 2015 compared with just £404m in the same period of 2014. The North West was seen to have benefitted specifically from a heightened and increasingly positive profile both in the UK and overseas thanks to the government's commitment to a Northern Powerhouse designed to harness the economic strength of the regional 'capitals' of Manchester, Liverpool and Leeds and increased devolution of powers such as elected mayors, as well as more traditional factors such as the range and quality of commercial property stock. London remained the biggest attraction for investors with about £7bn of deals agreed in the capital in the first quarter, up from £4.3bn in the first quarter of 2014, while the West Midlands saw an increase in investment value of £26m to £926m.

 

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