Schools Out! Tourism’s in!

Schools Out! Tourism’s in!

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Why investing in hotel property is the best thing for the summer

The arrival of August stands for one thing for many of us- a summer holiday. As Brexit approaches and the pounds value is decreasing, many holiday goers are approaching their trips with caution. Combined with the rising costs of daily life, domestic holidays, affectionately referred to as staycations are on the rise.

What does this mean for Hotels?

The increase in domestic travel over international trips means the demand for UK hotel rooms is skyrocketing. The hotel industry reached a total turnover of £98 billion in 2017 proves the demand for quality hotels in the UK is in prime demand.

tarquin jones, property investment, no.7, autism hotel,

No. 7, Blackpool

The tourism economy accounts for 9.6% of all UK jobs. This equated to 3.1 million jobs in 2013 and producing £126.9 million UK GPD in 2013. This was also a 173,000 net increase in jobs in 2010-2012.

Since 2010 tourism has been the fastest growing sector in the UK in employment terms. Britain is forecasted to have 38.8 million oversea visits equating to £24.9 billion in 2019. The tourism industry is predicted to be worth over £257 billion by 2025. The rise in tourism is a result in the millennial and Generation Z wishing to enjoy experiences over purchased items.

The Brexit Cloud

Brexit’s October deadline has seen the value of the pound plummet making international travel a financial stretch for many. As an alternative many are making the most of British soil choosing city breaks and seaside venues including Brighton, Plymouth and Cornwall. For a property investor, this is the chance of a lifetime to financially benefit from the domestic tourism demand. Investing in a hotel will see both oversea visitors take advantage of the low cost of the pound and British travellers wanting to enjoy a cost-effective vacation.

 

Interested in hotel properties? Email us at info@tarquinjones.com

 

 

info@tarquinjones.comSchools Out! Tourism’s in!
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Neighbourhood Watch: Jewellery Quarter, Birmingham 

Neighbourhood Watch: Jewellery Quarter, Birmingham 

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Jewellery Quarter 

 

Dating back over 250 years, the Jewellery Quarter is one of the oldest districts in Birmingham.  From humble beginnings, the Jewellery Quarter is now home to more than 500 jewellery retailers and recognised as an international hub of fine jewels. Since its conception, the district has expanded to a cultural beacon to rival Digbeth featuring museums including Coffin Works to restaurants such as Lasan.

Cuisine

40 st pauls, birmingham, jewellery quarter, neighbourhood watch

Leading the way with trendy bars, independent restaurants and creative spaces, the Jewellery Quarter, known locally as JQ is home to an assortment of amenities. The area’s highlights expand to gin emporium 40 St Pauls, named after the stunning St Paul’s Square.

Culture

JQ Festival

Once only known as the home of crystalized rocks, the jewellery Culture has evolved into a beacon of cultural proclivity. The district’s main attraction is the annual July festival, JQ festival, celebrating everything Jewellery Quarter. Dubbed a miniature Glastonbury, the bustling festival features everything from independent musicians to children’s games, epitomising the glamour and diversity of the city.

Additionally, the Jewellery Quarter is home to an assortment of attractions including Museum of the Jewellery Quarter and RBSA.   The neighbourhood’s centrepiece is St Paul’s Square. Lined with streets of offices, music venues and pubs, the Jewellery Quarter is the perfect place to work, rest and play.

Image: RBSA (HYPERLINKED: http://www.rbsa.org.uk/)

Transport

Jewellery Quarter station

Considered the Shoreditch of Birmingham and one of the growing city’s highlights, the Jewellery Quarter is a powerhouse of transportation options. In less than ten minutes, JQ is sandwiched between Grand Central and Wolverhampton via tram and is a regular stop on the Birmingham to Worcester line operating every 10 minutes via Birmingham Moor Street and Snow Hill. Matched by road transportation, the neighbourhood is accessible by the M1 and M5 with a multi-storey carpark on Vyse Street.

Retail

Crown Jules

The Jewellery Quarter is Europe’s largest concentration of businesses involved in the jewellery trade, producing 40% of all the jewellery made in the UK.

Final Note

The heart of Birmingham’s creative scene, the Jewellery Quarter mixes heritage with contemporary creative sectors to strengthen Birmingham’s position in the Northern Powerhouse. As Birmingham continues to be the fastest growing city in the UK, the Jewellery Quarter has evolved into an amazing opportunity for property investment.

Ready to see Birmingham properties? Email us at info@tarquinjones.com for more details.

 

 

info@tarquinjones.comNeighbourhood Watch: Jewellery Quarter, Birmingham 
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Neighbourhood Watch: Ropewalks, Liverpool

Neighbourhood Watch: Ropewalks, Liverpool

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Ropewalks  

Named after the 19th century dominating industry of crafting ropes for the sailor ships, Ropewalks is at the heart of Liverpool’s independent scene, bursting with art, music, culture and home to places including Bold Street and The Bombed Out Church. Voted one of the hippest places to live- beating out the trendy Baltic Triangle area, the array of restaurants, bars and thriving bars keep the neighbourhood electric from day to night.

Retail

Bold Street

Voted by Lonely Planet as one of the best shopping streets in the UK, Bold Street is one of Ropewalk’s main attractions, keeping Liverpool as a top European destination. Packed with independent shops, restaurants and cafes, Bold Street is home to everything from world foods to records to please ever type of shopper.

Leaf

The food on offer varies from street food delights at Peruvian Chicha to world foods at Mattas. Paired with sweet tooth’s dream, Bold Street Sweets and loose-leaf tea house LEAF, Bold Street offers a culinary delight for every occasion.

Living up to Lonely Planet’s recommendation, News from Nowhere and Rennies Art Gallery provide a eclectic dose of culture to the bustling shopping destination.

Culture

Bluecoat

Bluecoat, a Grade I listed 300-year-old building in the heart of Liverpool’s city centre, is home a year-round supply of visual art, literature, music, dance and live art. Alongside the vast supply of culture, Bluecoat is also has a café, restaurant and additionally Bluecoat is home to a wide range of independent shops from jewellery to ceramics at the internationally recognised Bluecoat Display Centre.

FACT

Around the corner from Bold Street, FACT, the UK’s leading gallery showcasing everything in film, video and new media. Exhibitions at FACT are developed by a range of international artists working with everything from prosthetic hands to video games. Past exhibitions have included Shia LaBeouf answering people’s phone calls. FACT is also home to a cinema showing all the latest blockbusters and independent films, a bar and The Garden café.

St Luke’s Church, known locally as The Bombed Church, is Ropewalks’ most famous landmark. Missing its roof due as a result of World War Two, the church now hosts many different events from local markets to gigs and weddings.

Nightlife

Cafe Tabac, Liverpool

Ropewalks is Liverpool’s highlight for nightlife, known for the assortment of options. Where it’s a quiet Saturday afternoon drink or a wild night out, Ropewalks has a bar for every social event.

Hebbie Jeebies, Kazimier Gardens and Pogue Mahones are perfect for a relaxing drink while Café Tabac embodies nostalgia to match their cocktails and red wine collection. Located at the very top of Bold Street, Cafe Tabac is an effortlessly cool, velvet encased, candle lit bar with an eclectic hip hop soundtrack. The closest to a continental experience you’ll get in the city, this neon lit establishment is reminiscent of the Nouvelle Vague period, transporting you to a smoke-filled cafe in 60s Paris.

Transport

Liverpool Central Station

The icing on the cake of Ropewalk is its ability to get around the area, thanks to Merseyrail’s Central Station. Merseyrail are one of the top performing rail operators in the country services customers every 15-30 minutes to 68 stations across the region.

Final Note

The home of Liverpool’s independent scene, Ropewalks is a highlight for students, professionals and tourists. Offering everything from an exciting shopping scene to a booming nightlife Ropewalks is an amazing opportunity for residential, commercial, hotel and student property investment.

Ready to see Liverpool properties? Email us at info@tarquinjones.com for more details.

 

 

info@tarquinjones.comNeighbourhood Watch: Ropewalks, Liverpool
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Neighbourhood Watch: Millbay, Plymouth

Neighbourhood Watch: Millbay, Plymouth

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Millbay

Millbay, commonly known as Millbay Docks is one of the largest regeneration projects in South England, transforming the area into a vibrant waterfront quarter for Plymouth.

Tourism

Millbay Docks

Being a seaside city, tourism makes up a notable sector of the local economy, being worth over £300 million, where over 270 marine-related firms are soaring. In the 1930s many of the transatlantic mail liners moored en route in Plymouth Sound and both mail and passengers were transferred by tenders operating the Millbay Docks. As the largest port on the south coast, with ferry’s to Europe and 3-hour train journeys to London, Plymouth welcomes 5.5 million visitors every year, proving itself to be an ideal location for hotel and holiday lodge property investment.

Regeneration

For almost 26 years, Plymouth’s historic waterfront has undergone regenerative planning to convert Millbay Docks into a thriving marina-side residential village.

To realise these plans, the Millbay Pier project will redevelop the pier and surrounding dockland into three eleven-storey residential apartment buildings accompanied by two smaller land-based apartment blocks of five and six-storeys.  The regeneration of Millbay Pier will complete a long-term plan to redevelop the area into a signature housing development including retail and leisure units. The plans will revive a run-down area of Plymouth’s historical harbourside and provide much needed housing in the city.

Dutch-based Vastint Hospitality have submitted a hybrid application to put a 175-bedroom hotel, seven houses and seven studio apartments for short-term rent, on the Pavilions carpark.  English Cities Fund (ECf), the company behind the long-term regeneration of Millbay, wants to see a 10-storey block of 58 apartments and a 155-bedroom hotel rise up on land known as Plot C1 off Millbay Road.

Mayflower Court

Additionally, Mayflower Court, nicknamed the Abbeyfield Project, will provide an 8-storey block of retirement flats. Due to be completed in early 2020, the multi-million-pound development will consist of 10 one-bedroom apartments for sale, 70 remaining one and two-bedroom apartments for rental and ground floor restaurant, hair salon and commercial units.

Cuisine

Bridgemans

To complement the ocean city’s reputation, Millbay offers an array of eateries including Bridgeman’s and Mill Bay’s Sushi.

Transport

Plymouth Railway Station

Millbay is located less than twenty minutes from Plymouth Railway Station which is in the process of undergoing regeneration to improve connectivity and the local atmosphere.

The Joint Local Plan says any development should provide for the following:

  1. A more intensive form of development which makes better use of vacant and underused space, with retention and refurbishment of Intercity House or its replacement with a high-quality landmark building.
  2. Use of landmark buildings to provide a widely visible presence to the station.
  3. A high quality and attractive station entrance, including the creation of a new public space, with a direct public route on foot and by bicycle from Armada Way.
  4. Uses which create activity around the station.
  5. Clear information regarding connecting bus services and good access for bus passengers.
  6. Opportunities to support the introduction of sustainable transport choices such as cycle hire, car clubs and electric vehicle charge points.
  7. Replacement of the existing multi-storey car park, with high quality parking provided as an integral part of the scheme.
  8. Pedestrian and cycle links to Central Park
  9. Enhanced connections between the campuses, the City Centre, the History Centre, Railway Station and neighbouring areas of the city.
  10. Tree planting and greening of the campuses to enhance the environment and absorb air pollution.
  11. Sustainable energy strategies, including the delivery of district heating opportunities.

Plymouth is set to get a Metro system with new stations in and around the city. The proposed scheme, branded ‘Plymouth trams’ is a bid to get commuters off the road. Two areas in Plympton, Marsh Mills and Colebrook, have already been earmarked for a station and the first step will be to reopen the local rail link to Tavistock, reinstating the Plymouth to Exeter routes via Tavistock and Okehampton. Work is already underway to make that a reality.

If the plans go ahead, this will greatly benefit the connectivity Millbay has to the wider Plymouth area.

Education

Plymouth School of Creative Arts

Home to Plymouth School of Creative Arts, commonly known as ‘The Red School’ Millbay is at the centre of Plymouth’s thriving creative community. Only 5 minutes’ drive away from the University of Plymouth the Millbay acts as the perfect location of socialising. Responsible for 23,155 of Plymouth’s student population Millbay supported by mass regeneration is the ideal location for residential and student property investment.

Final Note

Plymouth is a vibrant seaside city offering a fantastic quality of life. One of the reasons so many moves to Plymouth whether for university or for career prospects, is the exciting cultural scene mixed with the beautiful sea.

In the centre of extensive regeneration schemes including the 24.6 Northern Corridor transport scheme and the £13 million Science and technology hub, now is the time to invest in Plymouth’s thriving district for student, residential and commercial property.

Ready to see Plymouth properties? Email us at info@tarquinjones.com for more details.

 

info@tarquinjones.comNeighbourhood Watch: Millbay, Plymouth
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All Hail Battersea

All Hail Battersea

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Battersea, London

London is no stranger to regeneration. Some of the trendiest areas in London are a product of redevelopment. Hackney was once the poster district for London’s crime and today the regenerated factors is now a beacon of creativity and very much a tourist attraction for oversea visitors. Likewise, Streatham, a significantly wealthy area in the 1920s, when left to its own devices has lost this reputation.

The Millionaire Millennial

As millennials begin their journey into investment, the desire to follow in the property footsteps of their parents has dwindled. Instead of desiring luxury areas such as Knightsbridge, the investors of today are favouring the electric atmosphere of Battersea, Peckham and Brixton.

Theatreland 2.0

Today a prime location for London’s regeneration scheme is none other than Battersea. At one point, the South West London area was famous for the industrial slums by Clapham Junction and the housing estate which garage musical collective, So Solid Crew were founded on.  In a bid to compete with their traditionally luxurious counterparts such as South Kensington, the Borough of Wandsworth has invested in the future of the borough to benefit from London’s reputation of a thriving cultural scene, most dominantly, theatre.

Situated beside Battersea Powerhouse, the 200-seat Turbine Theatre, opening in August 2019 is expected to be a celebration of new writing led by Artistic Director, Paul Taylor-Mills.

“I’m elated to be launching a brand-new theatre at the iconic Battersea Power Station. The vision is a simple one, to enable world class artists to tell stories that enchant at the Turbine Theatre and eventually play beyond our London home. We’re interested in being the starting point for new shows and also reimagining the older ones. It has been a lifetime dream of mine to have a home for my ideas that feels authentically ‘me’”.

A Battersea of the future

Battersea Power Station

Once an industrial powerhouse, Battersea Power Station is an iconic member of London’s skyline featured in films including Children of Men, The Dark Knight. Since being decommissioned in 1983, many developers have placed bids to breath new life into the iconic landmark with proposals including a theme park and football stadium.

In 2012, S P Setia Berhad, Sime Darby, and Employees Provident Fund agreed to acquire and develop the historic site into London’s newest neighbourhood. The first phase, Circus West Village featuring apartments, shops, cafes and restaurants opened in Spring 2017.

The next phase includes the highly awaited opening of Battersea Power Station itself and the Northern Line extension, both anticipated to be ready in 2021. Additionally, the Power Station will see a new high street, Electric Boulevard, which will include shops, cafes, restaurants and approximately 539 homes including luxury penthouses.

The £9 billion 42-acre development, is set to comprise three floors of shops, bars and restaurants, including an entire floor dedicated to food. There will also be a boutique cinema, a 1,500-capacity event space, 450 metres of riverside frontage and a six-acre power station park beside the Thames.

Taking full advantage of the growing tech sector, the power station will be a business hub featuring 1.25 million sq. ft. office space. 500,000 sq. ft. of has been secured by The Apple Group for its new London Campus while No 18, a Swedish business members club, is leasing 40,000 sq. ft.

Final Note

London will continue to be beacon of economy, culture and education, so London will continue to be a hotspot of investment.

Philip Mason, international sales director at Battersea Power Station Development Company, said at a recent media briefing for Phase 3A: “Besides the iconic building, there is always a reason for everyone to come here. The Northern Line Extension (Battersea Power Station) will be a boon to attract more investors and visitors, giving accessibility to the two hubs of the city – the financial and cultural districts.”

“London is never going to be cheap. Those who wanted to invest, better do it now. A lot of people from overseas have already started investing in London,” Mason added.

info@tarquinjones.comAll Hail Battersea
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Neighbourhood Watch: The Baltic Triangle, Liverpool

Neighbourhood Watch: The Baltic Triangle, Liverpool

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The Baltic Triangle, Liverpool

Once a derelict area of warehouses and factories, The Baltic Triangle has evolved into a Creative & Digital hub of Liverpool. Voted “the coolest place to live in the UK”, the trendiest area in Liverpool is a hotspot area for creative entrepreneurs thriving with innovation and excitement from day to night.

Retail

Lost Art

Home to the independent market of the self-established creative quarter, Baltic Triangle is home to an array of up and coming creative talent. Lost Art, a skateboarding shop with a strong sense of community offers a fantastic knowledge of the sport and attire for those who wish to dress like one.

Red Brick Vintage

Additionally, in Cains Brewery Village, Red Brick Vintage is a journey to the past via an assortment of vintage clothes, furniture and art. A short stroll is Red Brick Hangar, the North West’s answer to London’s Camden Market. Offering independent stalls and businesses from boutique designers to tattooists, the creative energy flowing through the market is almost infectious with innovation.

Cuisine

The Baltic Social

While Baltic Triangle was once associated with its factories dating back to the 19th century, the regenerated area is now home to trendy bars, cool independent shops and stylish eateries.

A city favourite is The Baltic Social. An icon for socialising renowned for the high-quality craft beer, food and live music, the punk-infused venue is described a hipster’s homeland. The delicious dishes including chickpea fritters and sweet potato sticks wrapped in smoked bacon make the perfect meal for the various music events The Baltic Social hosts throughout the year.

Camp and Furnace

The superstar factor of the Baltic Triangle is the Camp and Furnace. Ranking Number 2 in The Times’ 20 Coolest Restaurants in Britain, Camp and Furnace is an old industrial space transformed into one of Liverpool’s most thriving independent venues. Offering log fires, vintage caravans, bare bulbs, lobster and street food, it’s a fantastic place to eat, enjoy sport or a night on the town.

Transport

Citybike Liverpool

Baltic Triangle’s popularity has led Liverpool council to expand the public transport infrastructure. In 2018, Liverpool opened the 100th city bike docking station within the Titanic Hotel’s car park in the World Heritage listed Stanley Dock. Additionally, the CityLink bus service stop throughout the area.

Tourism

Image: Threshold Festival (hyperlinked: https://thresholdfestival.co.uk/)

Threshold Festival

Voted as one of the top European cities, Liverpool boasts a high amount of tourism for its thriving cultural scenes thanks to The Beatles, The Tate Modern and Liverpool Football Club.  Now one of the most cutting-edge places in the UK, millions are flocking to Baltic Triangle to experience events including Homotopia, Threshold Festival and Sound City In preparation for the ever rising position the neighbourhood has, Epic Hotel will be arriving in 2020 to accommodate the rising numbers of tourism.

Final Note

The Baltic Triangle is a historic area that is the regeneration hotspot of Liverpool. With new life being breathed into the neighbourhood, Baltic Triangle is being dubbed ‘Liverpool’s answer to New York’s Meat-Packing District’. With over 50% of Liverpool’s population are young professionals drawn for the lifestyle of the Baltic Triangle. In the centre of the Northern Powerhouse Initiative, now is the time to invest in Liverpool’s thriving district for residential and commercial property.

Ready to see Liverpool properties? Email us at info@tarquinjones.com for more details.

 

 

info@tarquinjones.comNeighbourhood Watch: The Baltic Triangle, Liverpool
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Ethical Property: THE FUTURE OF INVESTMENT

Ethical Property: THE FUTURE OF INVESTMENT

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Why Invest in Ethical Property?

In the world of investment, property is the safest route to net returns. After all, as long as people need accommodation, property will always be in demand be it commercial, student or residential. We’ve entered a new era of property investment, where financial return is not the only concern but also how the property can service a community.

An ageing population

Danygraig Care Home, Wales

As scientific discoveries have revolutionised medicine, the 2019 life expectancy in the UK is 80.99 years while in 1969 the life expectancy was 71.72 years. The UK celebrates over 10 million aged 65 and older, outnumbering those aged 16 and under with the baby boomer generation (1946-1964) reaching retirement age, the demand for residential and nursing homes is at high demand. Currently, 400,000 people are living in care homes, and over 800,000 people living with Dementia. By 2021, this will rise to 1 million, and be more than double by 2050.

They’re currently 400,000 people living in care homes, and due to the over 85-year-old demographic being the fastest growing age group, predicted to grow by 106% to over 2.6 million by 2030.

Bryn Illtyd Residential Home, Wales

With the mortality rate in the UK, dramatically rising, there is a dramatic increase in demand for specialist dementia and nursing care. The care home market will play a significant role in our future society, with increasing demand for quality accommodation, care and funding.

The combined market value for older people in the UK is currently estimated to be worth £22.2 billion, of which £13.4 billion is attributable to residential care. As the number of elderly people with high care needs in the UK is expected to increase over the next 20 years, the need for modern, fit for purpose care homes is increasing rapidly.

The Millennial Effect

The Bridge, Kirkcaldy

Over 62% of millennials have considered starting their own business, with 72% feeling that start-ups and entrepreneurs are a necessary economic force for creating jobs and driving innovation. According to the 2016 BNP Paribas Global Entrepreneur Report, millennials are starting businesses at younger ages than their counterparts in previous generations. Baby boomers, for example, tended to launch their first business at an average of 35 years of age. Millennials, on the other hand, start their first business around age 27, implying they’re more eager to start businesses and possibly, are more willing to take risks in doing so. The report also shows that millennials have launched about twice as many businesses as their baby boomer counterparts have

The millennial leaders demand action on major issues including climate change, mental illness and work life balance. Commercial property is seeing their influence and meeting their perquisites outdoor spaces, remote working capabilities and multipurpose spaces.

Autism and the UK

In 2019, there are approximately 700,000 autistic people in UK, more than 1 in 100. Including their families, autism is a part of daily life for 2.8 million people. Many autistic children in state schools find difficulty in their needs being catered to, to the extent that 63% of children on the autism spectrum are not in the kind of school their parents believe would best support them. Additionally, 17% of autistic children have been suspended from school; 48% of these had been suspended three or more times; 4% had been expelled from one or more schools.

St Camillus No7, Blackpool

As autism is a lifelong disability that cannot be seen, the need for support to cope with finding employment and surviving daily life is vital.  Only 16% of autistic adults in the UK are in full-time paid employment and only 32% are in some kind of paid work.

To adhere to this, John Lewis has launched autism-friendly shoe services and The Education Authority now spends £270m a year on supporting children with special educational needs – including autism.

Final Note

With the rise of ethical factors being pushed for the forefront, the property market must represent the world we live in, both financially and medically.

 

 

 

 

 

 

info@tarquinjones.comEthical Property: THE FUTURE OF INVESTMENT
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The rise of the DINK

The rise of the DINK

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In 2019, there are more child free adults than ever before. While, for those born in 1946, only 9% had no children at the age of 45, whereas for women born in 1970, this figure has risen to 17%. A US study discovered that 1 in 5 women enter menopause without children. Additionally, birth rates among women in their twenties declined by 15% between 2007 and 2012.

The reasons why so many couples adopt a Dual Income, No Kids lifestyle, commonly known as DINK, is varied. For some the financial burden of raising a child is more trouble than its deemed worth and for others, it means sacrifices to lifestyle and career aspirations. Without the responsibility of children to cater to, the rise of DINK, the demands for property are not what they were for young professionals of Baby Boomers and Generation X.

What DINK mean for the property market?

Imperial Square, Luton

ONS figures showed that in 2017 the proportion of women never having children has doubled in generation.

Leisure & Amenity

Infinity Towers, Liverpool

Young professionals today are interested the trendy new neighbourhoods. Without the pressure to consider a property’s proximity to schools and day-care the focus for many tenants now is convenience. After working all day, and in some instances earning from a second job, the Millennial generation are interested in homes which offer closeness to shops and travel links.

Work Life Balance

The Tannery, London

In 2019, the UK is more career driven than ever before. A booming economy mixed with the impending launch of HS2 and mass regeneration schemes, means over 250,000 jobs are being launched in the UK by 2030. As a result of this, generation rent is drawn to city centre properties to stay in the heart of their working life.

Student Housing Demand

Marvel House, Plymouth

In 2018, 2.3 million students were recorded to be in higher education. Entrepreneur reported that 24% intend for pay for higher education via savings and 38% plan to work during their university studies. Higher education is at an all time high since the launch of the postgraduate government student loan. As more students stay in education for longer to gain qualifications such as an MBA and PhD, often via part-time study, instead of starting families the demand for student housing will increase.

Luxury Lifestyles

Hadrian’s Tower, Newcastle

Without adhering to the practicalities of raising children, tenants are desiring homes to suit their personalities and lifestyles. For example, 2019 saw an increase in properties with pools and audio door entry systems. Favouring state-of-the-art design specifications including private lounges, the demand for luxury property is increasing across the country.

Travel Pursuits

Epic Hotel, Liverpool

A chief reason, many adopt a DINK lifestyle is the sizeable disposable income, which can be used for travel. The rise of the staycation, has seen a dramatic increase in domestic holidays. As cities within the Northern Powerhouse gain regeneration, the rise in UK’s tourism to serene areas will benefit from the child-free movement.

Entrepreneurship

The Bridge, Kirkcaldy

Among Generation Z, working to suit your lifestyle is a priority. Entrepreneur announced 41% of Generation Z intend to start their own businesses instead of continuing the Millennial trend of side jobs. The rise is e-learning opportunities focusing on creative arts and business is predicted to be worth four times more than the higher education market. As a result of this, the demand for office space will increase.

Old Age

Bryn Illtyd Ltd, Wales

Without the comfort of having children to take care of them in old age, DINK jetsetters will be desiring Care Homes in the future.

Final Note

As the economic climate changes, the demands for property respectively alters. With more favouring an enjoyable lifestyle and the financial benefits that come along, the demand for family friendly property has seen a sharp reduction.

 

 

info@tarquinjones.comThe rise of the DINK
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Neighbourhood Watch: Ouseburn, Newcastle

Neighbourhood Watch: Ouseburn, Newcastle

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Ouseburn, Newcastle

Once the cradle of Newcastle’s industrial revolution, Ouseburn has evolved into a beacon of creativity due to the culture-led regeneration in the city. Despite Newcastle being named one of six UK cities named a science city, an abundance of creative businesses calls Ouseburn home, welcoming an array of artists and musicians.

Creative Hotspot

 

 

 

 

 

 

 

 

 

Ouseburn is an established creative hub, breathing new life in the factorial buildings.  A neighbourhood favourite for creative start-ups is Hoults Yard, former Victorian pottery works transformed into a complex of offices and studios. Beloved among Newcastle’s artist and creative businesses is 36 Lime Street, an affordable studio space to rent.

Social Capabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

Embracing the beauty of nature, Ouseburn Farm, is a community-run farm featuring a range of flora and fauna, where visitors are encouraged to interact with the animals. To complement this, Stepney Bank Stables offer horse-riding lessons, encouraging children to enjoy the outdoors.

The Cluny, formally a whiskey bottling plant, is a bar and music venue popular on the Newcastle social scene where musicians including Mumford and Sons have played. Other popular hangouts for the Ouseburn crowd include Northern Print, Cobalt Studios and independent gallery, Artisan at the Biscuit Factory.

Rental Yields

Hadrian’s Tower, Newcastle

Ouseburn, located in close proximity to University of Newcastle, is a great neighbourhood to invest in. With an average of 8.16% in NE1 and 8.43% in NE6, Ouseburn celebrates some of the highest rental yields in the UK.

Tourism

 

 

 

 

 

 

 

 

 

 

Dedicated readers and enthusiastic writers travel far and wide to visit, Seven Stories, the national centre for children’s books. Originally a charity, Children’s Laureate Dame Jacqueline Wilson and Nick Sharratt, opened Seven Stories to the public upon moving to Ouseburn for its cultural regeneration.

For tourists interested in the historical aspect of Newcastle, Ouseburn hosts Victoria Tunnel, a preserved 19th-century wagon way under the city from the Town Moor to the Tyne.

Local Cuisine

 

 

 

 

 

 

 

 

 

Catering to students, young professionals and families, Ouseburn offers a variety of cookery. Vegans meals are served up at The Ship Inn and coffee enthusiasts will be at home at Ouseburn Coffee. Other options include The Tyne pub, The Cook House and The Cumberland Arms.

Final Note

Newcastle’s answer to Shoreditch, Ouseburn has reinvented the city as a creative epicentre alongside its scientific reputation. Mixing both rural and urban living, Ouseburn possibilities for investment are endless.

Ready to see Newcastle properties? Email us at info@tarquinjones.com for more details.

 

 

info@tarquinjones.comNeighbourhood Watch: Ouseburn, Newcastle
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London Property Investment

London Property Investment

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Despite the impending presence of Brexit, London stands tall as a property investment icon, Boasting world-class theatre, state-of-the-art education and a £565 billion economy.

A melting pot of culture

The capital is the largest city in both the UK and European Union with an estimated 8.8 million population. Covering 607.12 sq. miles, equalling to 22,250 residents per square mile, London continues to be in high demand for property. Offering an array of industries from retail to fashion, London is considered one of the most diverse cities in the world for ethnicity and religious beliefs.

Christian 48.4%
Muslim 12.39%
Hindu 5%
Jewish 1.82%
Sikh 1.5%
Buddhist 1%
Other 0.6%
No Religion 20.73%

 

Of the 8.8 million people living in London, 37% were born outside of the UK; two thirds from outside of the European Union. According to the 2011 Census, 262,247 people living in London were born in India. As more opportunities are conceived in London the numbers are predicted to grow to up to 10.5 million by 2035.

YEAR POPULATION GROWTH RATE
2035 10,556, 486 0.63%
2030 10,228,051 0.78%
2025 9,840,742 1.13%
2020 9,304,016 1.39%
2019 9,176,530 1.45%
2015 8,661,381 1.49%
2010 8,044,433 1.41%
2005 7,501,217 0.62%
2000 7,272,819 0.68%
1995 7,029,508 0.68%
1990 6,794,400 0.16%

 

An American in London

The rise of the tech sector in London, most predominately Silicon Valley Tech Giants, have boosted London’s property market. US property investors are soaring through Marylebone, Mayfair, and Chelsea. Accounting for 6% of all sales by foreign buyers in London, second only to Chinese buyers, President Trump’s relaxation of tax laws governing repatriation of money held over-shore which has freed hundreds of billions of dollars for investment in blue chip assets.

Saudi Arabia £13.4 million
Turkey £10.8 million
Germany £9.8 million
Russia £9.1 million
USA £7.3 million

 

Property developer, Knight Frank established that Americans have paid an average of £7.3 million for Central London homes this year in Marylebone. Liam Bailey of Knight Frank claims “the pound’s weakness against the dollar since the Brexit referendum combined with weaker underlying prices had made London more affordable, but the huge sums being ploughed into the tech giants and hedge funds are the driving factor.

There has been a significant uptick in demand for prime property from relocating US employees, entrepreneurs, and business owners. Among the market leaders are Google’s £1 billion European headquarters in King Cross, Facebook’s engineering hub at Rathbone Place and Amazon UK’s headquarters in Shoreditch.

The new face of the tech sector

The past decade has seen London evolve into the tech hub of Europe, with a new generation of leaders. The millennials leading the tech sector demand action on major issues including climate change, mental illness and work life balance. Commercial property is seeing their influence and meeting their perquisites via ping pong tables, remote working capabilities and multipurpose spaces.

The tech sector is expected to be the leading industry in London in the next ten years. Currently, Canary Wharf hosts more than 35,000 tech workers. In preparation for the upcoming economic changes, property developers are already preparing to accommodate this.

Image: CanaryWharfGroup

Wood Wharf is set to become the districts largest regeneration development. A major requirement for this generation of leaders is access to outside space and the latest 5G networks. A £5m sq. ft project with more than £2m sq. ft of commercial leasing, distinctive workplaces, and interconnected public space is being built to meet the demands of the tech-heavy tenant.

Hotspot Neighbourhoods

London attracts all sorts of people for its variety of experiences. In 2019, the most in-demand region is East London. London has always been notorious from its innovative creative scene, and with more independent galleries, creative start-ups, young professionals and couples are heading to the regeneration sector of East London.

Generation DINKY

ONS figures showed that in 2017 the proportion of women never having children has doubled in a generation. A Savills study reported that the DINK generation (Dual Income No Kids), possessing a combined income of £80,000 where the older partner is 26-35 are heading towards South and South East London including prime riverfront addresses from London Bridge, Bermondsey and East Putney,

“There is definitely the attraction of water at play,” says Lucian Cook, head of residential research at Savills and author of the report. “They are going to be slightly less concerned about family things,” he says. “It’s all about leisure and amenity.”

London of the Future

As the capital city, London is continuously subjected to regeneration to continue its position as an economic powerhouse of Europe.

Tulip Tower

The 1000ft proposed Tulip Tower is intended to reside by the Gherkin, making the skyscraper the second tallest structure in Western Europe, featuring a viewing platform with rotating pods. The Tulip will include a restaurant and sky bar in addition to a floor for educational purposes during school hours.

Infinity Pool

Designers Compass Pools, are proposing a ‘world’s first’ transparent infinity pool on top of a 55-storey building providing 360-degree views of London. To not jeopardize the view, a spiral staircase will rotate and rise through the 600,000-litre pool to provide access.

Hackney Wick

Since the construction of Queen Elizabeth Olympic Park, investors and developers alike, have seen potential in the east London area. Once industrial buildings are being converted into luxury apartments and residential sites such as The Bagel Factory are are drawing in many young professionals for the supply of an alternative social scene.

North Bank

To contest with the South Bank, Westminster Council will fund a £28 million scheme to redevelop the North Bank. Home to Somerset House and The Savoy Hotel, the North Bank will replace Aldwych gyratory system with a two-way road and a new plaza is to be installed by St Mary le strand church. Additionally, the Strand from Aldwych to Melbourne Place to the east will be pedestrianised and lined with cherry trees. The riverbank will be opened up to become a cultural quarter lined with restaurants, bars and a retail to compete the Southbank.

Elizabeth Line

The Elizabeth Line is Transport for London’s new rail line, currently being built by Crossrail Ltd, is expected to service approximately 200 million people every year. Stretching more than 60 miles from Reading to Shenfield, the Elizabeth Line stops at 41 stations, 10 new newly build stations and 30 newly upgraded.

Final Note

As the capital, London is the first stop for regeneration, historical value, education, culture, as evident by its 8.8 million population. Despite Brexit, as long as London continues to be a global phenomenon, it is a formidable location for student, commercial and residential property investment.

Ready to see London properties? Email us at info@tarquinjones.com for more details.

 

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