The city where house prices will rise by 18pc – four times the growth in London

Posted on

The city where house prices will rise by 18pc – four times the growth in London

The five-bed detached house from the garden 
This five-bed detached house in Jesmond, Newcastle is £2.95 million with Sanderson Young Credit: Lawrenson and Grebby Photography LLP

Renowned for its ­no-nonsense locals, stag-and-hen party brand of nightlife and proud independence, Newcastle upon Tyne is maturing into a forward-thinking arts and tech hub of the North East. The city that came into its own during the Industrial Revolution – spawning the idiom “taking coals to Newcastle” – is unrecognisable from a decade ago.

“Now is a great time for Newcastle,” says James Hall of Barton Willmore, a planning consultancy. “It may never be able to compete with Edinburgh and Leeds in terms of economic clout, but there’s an awful lot going on. There are 12,000 new homes in the pipeline, but the real challenge is to retain all the graduates.”

More than one in six of the 304,600 locals…

To continue reading this article

Start a 30-day free trial for unlimited access to Premium articles

  • Unlimited access to Premium articles 
  • Subscriber-only events and experiences
  • Cancel any time

Free for 30 days

then only £2 per week

Save 25% with an annual subscription

Just £75 per year

 

Register for free and access one Premium article per week

Only subscribers have unlimited access to Premium articles.
Register for free to continue reading this article
Or unlock all Premium articles.
Free for 30 days, then just £1 per week

Leave a Reply

Your email address will not be published. Required fields are marked *