I’m pleased to be able tell you that once again many property experts are predicting that Derbyshire is set to be one of the fastest growing counties in 2018.
According to the property website Rightmove, asking prices in Derbyshire have increased by 7.9% over the past year at more than double the average, which is just 3.1%. The only other area in the Midlands to experience higher growth was Northamptonshire with an impressive 9.1%.
During 2017 property prices across both the West and East Midlands have increased and much of this is attributed to the fact that residential property prices in and around London have begun to slow and therefore property investors nationwide and particularly those in London are beginning to look at other areas of the country in order to achieve those much sort after returns and yields on their investments.
The East Midlands is increasingly being identified as a commercial and industrial growth area with the major employers such as Rolls Royce, Toyota, Nestle and JCB demonstrating that this region can attract high calibre employers who have already made major investments in the area. With the major city of Derby being only 90 minutes from the capital by train and the breathtaking scenery of the world-famous Peak District National Park on the doorstep, Derbyshire has much to offer those seeking to invest and reside in the Midlands. People are recognising that this county can offer both an outstanding quality of life for those seeking excellent employment opportunities and easy access to the contrasting locations of vibrant cities and rural retreats all in the same county.
The graph below illustrates how the eight counties in central England are identified by Rightmove as experiencing a ‘mini-boom’ in property asking prices over the last year detailing the annual increase that each enjoyed.