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As a core UK city and a major economic driver of the Northern Powerhouse, Newcastle upon Tyne—or simply referred to as Newcastle—is one of the fastest-growing regional economies. It is currently home to a booming population of 1.6 million within a 45-minute radius and is the 8th most populous city in the UK. The combination of Newcastle’s affordability and strong growth prospects has earned the city its reputation as an exceptionally attractive location for property investment.
Historically recognised as an industrial city, Newcastle has seen a massive resurgence in the past decade. Benefiting from a strong educational base—with five world-class universities within a 1-hour radius of the city, as well as a high graduate retention rate—Newcastle has been able to successfully re-invent itself as an emerging hub of business, tech, and culture. As it stands, Newcastle has more than 50,000 diversified businesses in the region, and the number is growing as the city focuses on knowledge-intensive industries like financial and professional services.
Newcastle’s thriving economy and strong public infrastructure have encouraged population growth, increasing demand for both the property rental and buying market, and paving the way for great investment potential. Property prices in Newcastle have increased 78% since 2000, and yet, the city is still considered exceptionally affordable among the major investment cities. This further enhances Newcastle’s desirability for both renters and purchasers looking for value.
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8th most populous urban area in the UK
Regional capital growth forecast (2020 – 2024)
Employment opportunities created since 2015
Best affordability ratio among the five major investment cities in the UK
