Recent research from Shawbrook reveals that 67% of landlords acknowledge a decline in the attractiveness of period properties over the past decade.
Influenced by the pandemic and recent economic uncertainties like high inflation and interest rates, the changing property market landscape is prompting buyers to reassess their priorities to combat rising costs and increased energy bills.
Regarding developers’ thoughts on residential properties, 80% emphasised the growing importance of sustainable housing in the eyes of buyers.
Additionally, 77% observed an uptick in the popularity of new builds, with an equal percentage highlighting location as the paramount factor driving property sales.
According to Shawbrook’s data, 72% of developers expect a rising demand for community-oriented living, while the same number of developers noted a shift in preferences regarding proximity to offices.
This data follows a recent study that saw city centre apartments becoming increasingly popular among buyers choosing between a buy-to-let flat or house. This is because more people are returning to the office following an extended period of hybrid or remote work.
In cities like Liverpool, investors can see the impact of the emerging trend in the off-plan market.
In September 2023, ELEMENT – The Quarter became the first eco-property in the city, sitting on the edge of the innovative Knowledge Quarter, close to the Royal Liverpool Hospital and the university campuses.
Legacie Developments also uses sustainable tech and eco-friendly materials in its upcoming development, The Gateway, Liverpool – a series of four skyscrapers in Liverpool’s fast-rising Northern Quarter.
Read More: If you want to learn more about the UK buy-to-let market, check out our guide on buying a house in the UK as a foreigner. Alternatively, you can read our article on how to make money from property in the UK.
