Investment in the North-West continues to impress

Investment in the North-West continues to impress

A recent report from Lambert Smith Hampton, the leading commercial real estate consultancy, shows that investment in the North-West of England reached an impressive £3.17 billion in 2018 – the highest level since 2007.

In their latest UK Investment Transactions report, the consultancy revealed that there had been £1 billion of property investment deals in the North-West in the last quarter of 2018 alone. When looking at the report in its entirety, the north-west came second in the investment charts with only London and the South-East faring better. The West and East Midlands came third and fourth respectively.

Focusing on overseas investment, the report shows that international investment in the UK reached £8.1 billion for the last quarter of 2018 – 16% above the five-year quarterly average. Impressive figures given all the uncertainty surrounding Brexit.

Looking at the whole of 2018, overseas investment in the UK reached £27.9 billion – 33% higher than the 10-year annual average. Investors from the Far East and Asia account for a large portion of this investment.

Commenting on the report, Ben Roberts, Director of Capital Markets for Lambert Smith Hampton in the North-West of England, said: “2018’s performance shows that despite ongoing political and economic uncertainty, the North-West is still a very attractive market. In the final quarter of last year, overseas investors were hot on the heels of UK institutions, investing a total of £323 million compared with the institutions at £453 million.”

Going forwards, the North-West and the Midlands appear to be prime hunting grounds for international investors.