Milton Keynes Named Top Spot in England for Residential Investment
Posted by UK Property Forums on 16th January 2024 -
The UK’s Top UK Residential Investment Cities report shows the city came third after Edinburgh and Glasgow.
Milton Keynes was 10th in the first version of the biannual report in 2021.
It analyses 20 locations across the UK against 24 indicators, such as population growth, EPC rankings and leisure facilities, which themselves are grouped into five categories: economy, research and development, liveability, property and sustainability.
Milton Keynes rates highly for its environmental performance also excels in energy efficiency, with 58 per cent of its homes achieving an EPC rating of C or better compared to the report average of 47 per cent.
Andrew White, head of UK residential & international properties Asia at Colliers said: “Milton Keynes’ has really climbed the ranks of our Top UK Residential Investment Cities report.
“The city’s success reflects its clear vision, commitment to sustainability and evolving technology landscape, as evidenced by its status as home to the world’s largest fleet of autonomous delivery robots. Scores that brought it up from fifth in our last report to third this time are its improvements in business starts ups and life satisfaction scores.
“Build-to-Sell in the suburbs, as well as Build-to-Rent markets are showing strong signs of growth which makes it attractive for both domestic and international buyers, as well as institutional developers looking to expand the rental offering in the area.”
Oliver Kolodseike, from Colliers’ research & economics department, compiled the analysis. He said: “The city’s stellar economic prospects play a pivotal role in its ascent, with an expected average unemployment rate of just two per cent between 2023 and 2027, well below the 20-city average of 4.2 per cent.
“Additionally, GDP growth is set to be stronger than in Birmingham, Cambridge, Edinburgh, and Oxford. However, factors holding back Milton Keynes include its small population, high degree of income inequality, and whilst it benefits from close proximity to Oxford and Cambridge, it doesn’t have a university itself and the offshoot benefits of a student economy.”
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