Reading is a major university town situated on the River Thames with just 22 minutes direct train ride from London. Known as the Silicon Valley of the UK with a large number of tech business based there, Reading has becoming a key location for property investors.
Here are 6 reasons why sophisticated property investors are looking at Reading right now:
Strong Economic Prospect
According to Ernst & Young’s latest Regional Economic Forecast, Reading took Manchester‘s crown as the town or city forecast to see the most growth in the UK. It has also ranked among the 2020 Global Top 20 Cities of the Future of non-capital cities around the world.
Situated less than 30 minutes from London by train, Reading is also just 40 minutes from Heathrow Airport, while the M4 is also on the doorstep. Arrival of the new Crossrail Network Rail and other large infrastructure plans such as the renovation of Reading Central’s showpiece station and wider transport links along with the M4 “Smartway” plans would further boost the Reading area’s popularity among those looking to commute into London, which is great news for property investors in Reading.
World-class university & Best Education in UK
The University of Reading is internationally renowned, attracting over 20,000 students from more than 150 countries every year. The University is also considering a multi- million investment in a Science and Innovation Park. In addition, the Reading borough has the best A Level results in the country (of 151 local authorities) for the fourth consecutive year. The combination of high achieving grammar schools and academies alongside leading independent schools has also attracted immigrants, high-skilled talents to the area, as well as investments into the property market.
Top Place for Jobs and Business
A recent survey by Management Today listed Reading as the fifth best place in the UK to do business, beating major locations such as Birmingham, Nottingham and Glasgow. From an employment perspective, Reading has UK’s highest employment rate and has the highest average wages outside London according to recent statistics. Reading has attracted many global companies and is home to 13 of the world’s top 30 brands. Microsoft, PepsiCo, Cisco, Symantec, Oracle Corporation, Prudential, Verizon, Thales and Bayer all have offices in Reading.
Young Professional Population
With a high proportion of university students staying on in the town after graduating, as well as graduates from elsewhere moving to the city because of its location and job opportunities, the town is a major opportunity for those wanting to invest in an area with a very high rental demand. The rental market is primarily made up of young professionals, increasingly with relocated skilled talents.
Quality of Life
The Thames Valley Berkshire Local Enterprise Partnership, which encompasses Reading, came in second place in the UK due to its low unemployment rate of 3.6% and the second highest level of GDP per capita after London. Nestled between the North Wessex Downs Area of Natural Beauty and Chiltern Hills, Reading offers the best of both worlds for urban dwellers wanting beautiful countryside on their doorstep. As a result, Reading has not only become a top choice of new immigrants but also has been an increasing trend of skilled talents relocating from London for a better quality of life, especially as more road and rail infrastructure build-outs are due to be completed by 2021.
Looking for properties for investment or schools in Reading? Below are a few –
- Rare-to-find investment: central location 2-bed house at GBP 190k, 1-mile from University of Reading, close to outstanding primary and secondary schools
- Live & work in one: retail shop plus 2-bed flat at GBP375k, right next to Reading Station, close to many schools
- Brand new build house: 1500+ sqft house with 4-beds, 4-baths in a great residential area
Let us know your budget and investment objectives, contact us to schedule a 1-on-1 consultation.