Why Norfolk Is the Perfect Place to Invest in Property in 2023

1. Why Norfolk Is the Perfect Place to Invest in Property in 2023? Property Investment in Norfolk has become a great choice among the investors as Norfolk scores highly for quality of life in various surveys. It’s big enough to have most of the city amenities anyone might need but is quieter and safer than many cities, making it especially popular with family buyers and tenants. According to the report from the European Commission, the East of England region is one of the fastest-growing regions in the UK, both in terms of population and economy. If you are looking for property investment in Norfolk then you should definitely go for it, this article will definitely help you in making the most important decision. The Covid Effect Some of the people who spent their lockdown cooped up in tiny city centre flats in urban metropolitan areas came looking for housing with more space around it. New ‘working from home’ practices meant that some former office workers were no longer tied to a commutable location. The sale price of a London flat could buy a house and garden in Norfolk. Outdoor Activities With the possible exception of mountaineering, Norfolk has it all when it comes to outdoor activities. The county’s famous lack of hills is actually a bonus when it comes to cycling. And there is easy access to the coast and the broads for watersports.

2. Thriving Food Scene Norfolk produce is justifiably well known for its variety and quality. There are hundreds of food outlets, delicatessens, farm shops, and start-up kitchens promoting Norfolk produce. So whether they want to eat out or get the best quality ingredients for a night in, Norfolk is a place where people want to be. Development Opportunities Norwich is a city that is still growing. There are property development and investment opportunities that you just don’t get in larger cities where the real estate market is significantly more competitive. The universities are expanding too - and all those students need a place to live. Research Park and Hospital

3. Once those students graduate - a surprising number stick around. UEA used jokingly to be called ‘the graveyard of ambition’ because of Norwich’s former-student retention rates. These days the Research Park and the Hospital are providing great career opportunities for graduates in STEM subjects. Youthful Diverse Inclusive City Norfolk may have an ageing population, but the city of Norwich is a youthful and diverse place. With its low crime rate, it is also one of the safest cities in the UK. Which only makes it more attractive to renters. Art Scene and Nightlife A thriving art scene and a City centre University dedicated to the arts makes Norwich a great place for lovers of culture. It used to be said that Norwich had a pub for every day of the year and a church for every Sunday. Many of those churches are put to other uses as art galleries and even a puppet theatre. Capital Links Upgrades to the railway system mean that you can now travel from Norwich to London in 90 minutes - making the capital commutable. Hybrid working models mean that people are prepared for long commutes provided they don’t have to do them every day. Lower Cost of Living We’re all well aware that the cost of living is on the rise nationwide, so if your tenants can make a saving (e.g. on your rent compared to a comparable property in a bigger city) by living in a low-crime, highly cultured, developing city, what’s not to love!