By Jonathan Fewster2019-03-01T00:00:00
Rising demand has opened up many development opportunities for investors beyond London.
With desperation to reclaim land in the city, developers and landlords have used transport infrastructure as a springboard to property development and have built around and above overground and underground stations such as St Pancras and Paddington. TfL has even taken on a housing target. The government has promoted residential development on top of existing buildings as an attempt to solve the housing crisis but space is running out.
Yet demand to be close to the capital continues to grow. With increased transport links, new opportunities have arisen on the outskirts of London’s hustle and bustle as investors have begun to put faith – and money – into development beyond the capital and into the regions.
In other words, while London remains a globally important business and financial centre, developers are beginning to look further afield. The result is the rise of developments in places such as Reading, Cambridge and Southampton, which are all locations where BDB Pitmans has offices.
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