The Property Market in Derby
Located in Derbyshire in the East Midlands, Derby is part of a region that regularly appears in the top UK rankings for buy-to-let investment. Its central location has helped to make it popular amongst larger employers; particularly manufacturers and logistics companies that can make use of convenient transport links. Derby now hosts such global names as Rolls Royce, Toyota, and the train manufacturer Bombardier. In all, around 22,000 people work in advanced manufacturing across Derbyshire.
According to ONS (2019 data), the Derby local authority area has a population of 257,302, but that’s expected to grow to 281,800 by 2041.
According to Rightmove, the average property value in Derby is £223,129 which is 8% higher than the peak in 2019 before the pandemic and more affordable than the UK average price which is now close to £300,000.
Despite all the economic activity now taking place, average prices are still very affordable. This is most likely because many of the most important social and economic impacts have yet to be felt. Investment projects are generating new jobs, certainly, and putting more money into local supply chains, but their longer-term effects will be much more pronounced. Jobs and rental demand should grow steadily and continuously over the next 20 years, creating ideal conditions for buy-to-let investors.
Off-Plan Properties
Developments Map View
Derby is an excellent market for longer-term investments; the sort of destination that should deliver rewarding results, year after year.
Job growth and a rising population should fuel dependable, steadily increasing rental demand, while rising disposable incomes should help to drive up average house prices.
Jobs and rental demand should grow steadily and continuously over the next 20 years, creating ideal conditions for buy-to-let investors.
The East Midlands HS2 Growth Strategy predicts that, regionally, HS2 could help to create 74,000 new jobs and add £4 billion per annum by 2043.
