Sent to Coventry – Is There Any Better Place in the UK than Coventry?
After Coventry’s amazing City of Culture win, back in December 2017, it’s looking to be a fantastic few years for the city. It is anticipated that win will lead to at least £1 billion worth of investment for the city, it will have a massive impact on tourism and that’s all without the general feel-good factor it will bring to the city. Everyone will want to be ‘Sent to Coventry’.
How could this affect the housing market in the city?
‘Any positive string to the city’s bow will inevitably bring more interest to Coventry, therefore making it attractive to companies and investors wanting to bring their brands and money to the city. This then gives potential to make it an even better place to live, enhancing its appeal and driving up the already rising house prices. If the two universities are anything to go by, the popularity in CV1 & Canley in CV4 has sent the prices through the roof.
If the average is set at 5% growth year on year I’d suggest at least another 1% on top of that for the next 10 years.
And this would seem to be backed up by a recent UK Powerhouse study by law firm Irwin Mitchell that ranked Coventry 3rd for job growth in the UK. The reported cited Jaguar Land Rover and the cities two universities for the stimulated employment.’
Glenn Foster from Foster Lewis and Co Estate & Letting Agents.
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