York is a small city at the heart of Yorkshire county in the United Kingdom, well-known for being a significant walled city during the medieval age. Aside from its fascinating tourist destinations and vibrant culture, here are some of the reasons why you should invest in York property:
York has a strong economy and affordable UK property
This city’s economy is resilient and continuously growing. Most likely because of its fruitful employment, which is expected to increase 4% more than the UK average by 2030. York also reportedly contributes £5 billion to UK’s economy.
Even with a high-standard economy, York property continues to be more affordable than other UK real estate with prices starting from £12,000 (SGD 21, 900). Compared to average house prices in London which can cost over a whooping £500, 000 (around SGD 913, 000).
York is home to some of the best universities
Yorkshire is also home to some of the United Kingdom’s premiere universities: the University of York, the York St. John University, and the Hull York Medical School. The city of York has a population of around 200, 000 people most of which are students or workers.
There is an increasing rental demand
Keeping in mind that York is home to premiere universities, it’s no wonder York homes are available at such student-friendly prices. The city has a population of over 31, 000 students many of who choose to stay near their school. There has also been a shortage of real estate properties in the area but a continuously increasing population, making it a very attractive location for UK property developers and foreign investors.
It’s a historically rich city
Getting a York property means investing one of the world’s most beautiful and historical cities. York has its history written all over its architecture. The ruins of the walls that surrounded the city and defended it from its enemies in Medieval times still stand strong to this day. There is an ancient street called “the Shambles” which houses dating back to as long as the fourteenth century. Let’s not forget the majestic York Minster
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