Residential property values in the city of Reading, just 25 minutes train journey from central London, have far outperformed the rest of South East England in recent years, rising by more than 50 per cent in the past five years.
Thanks to a growing local economy, a thriving private rental sector and the imminent arrival of even better transport links – Crossrail through London and the Western Rail Link to Heathrow Airport – values are now predicted to jump by a further 43 per cent by 2020.
Excellent local schools, high employment figures and the city’s proximity to London have attracted property investors from the UK and overseas in rising numbers. Additional plans for regeneration schemes in the centre of town, including Green Park Station, are expected to fuel this demand.
GRE Assets, one of the leading private residential developers of quality investment schemes in the UK, welcomes the positive news on the Reading market. “We have seen our faith in this city rewarded, having recently completed an outstanding scheme in Reading,” said Michael El-Kassir, General Manager International at GRE Assets. “We are confident that the city will continue to attract high demand for developments of this calibre.”
The GRE development on Reading’s Westcode Road has 12 apartments of 47 and 54 square meters, each finished to a high standard and situated in a prime residential location. The company has received exceptional investment interest and is considering further developments in the city.