One of the most important factors for anyone deciding where to buy UK property for investment is regeneration.
A town or city that is investing in itself and the future is a place where people want to live. If people move to a place, competition for the available property goes up and both house prices and rents will increase.
Bath is a great example of that in action. In the past year, we have seen the following:
Economic success makes Bath a top UK property market
A large reason for that is Bath’s economic success. There are plans in place to create 65,000 new jobs in Bath and the local region, and the city has a positive future ahead.
Councillor Paul Roper, cabinet member for Economic and Cultural Sustainable Development, said, “In many ways, Bath and North East Somerset’s economy is a success story.
“We have two universities, the Royal United Hospital, thriving market towns, significant businesses, and outstanding heritage and nature sites. Our residents are highly qualified, and unemployment is low.”
All of that is good, but it’s only half the reason people move somewhere. The other part of the equation is whether it’s a nice place to live – and that’s where regeneration comes in.
Bath regeneration and investment projects
There is a substantial amount of public and private investment into Bath’s infrastructure and public spaces that will make it an even better place to live.
The work will upgrade Bath’s transport services and reinforce the city’s unique history and status as a World Heritage Site.
Bath Central Riverside
Bath Central Riverside is renewing the riverfront between Pulteney Bridge and Bath Spa Train Station. Unlocking the potential of this area will enhance the World Heritage Site and benefit both residents and visitors in two ways. Firstly, by making the space more usable. Second, by making it safer and more resilient to climate change and its effects.
Bath Quays North
Avon Street Car Park will become a new city centre district with 16,000 sqft of office space, a 130 bed hotel, space for retail, financial services, pedestrianised areas and more.
It’s the sort of modern, city centre project that brings in young professionals, students and families. In turn, it’s exactly what property investors want to see as it will have a direct positive effect on rents and house prices in Bath.
High Street Renewal
The city of Bath has secured funding from WECA's Love our High Street Fund for a five-year high street renewal project. Milson Quarter and Kingsmead Square will see public square improvements, new street furniture, event spaces and street dressing.
Additionally, the Outdoor Trading Project will improve the look and feel of market spaces and stalls. That will stimulate the city centre economy and make Bath a more vibrant place to live as more people visit, stay and contribute.
The same factors will make Bath a more attractive place to live. Renewing the high street will make the whole city a livelier and more inviting place which will be another reason for people to move to Bath.
Buy property in Bath
If you’re considering a UK property investment, apartments for sale in Bath are a premium opportunity. The city’s economic growth and ongoing regeneration makes it one of the most exciting places to live in the UK – and that makes it a great place to invest.
Want to learn more about Bath and find out what makes it such a strong investment destination? Discover the city here and enquire about Bath property for sale today.
