Regional economic, retail, cruise, and trade center
Discover Southampton's Real Estate
Rated among the top 10 fastest growing cities in the UK, Southampton is an economic powerhouse and a noteworthy retail hub in South East England. The city is close to the largest automotive trade port in the country, the Dock of Southampton. As the cruise city of Northern Europe, two million passengers visit the region every year. Within the last decade, Southampton has seen major projects completed in its urban core, including the opening of West Quay, the construction of two high rises, and the revamping of the Bargate Quarter. These are only a few indications of how hot the city’s real estate market is.
Culture, History, and Business
Southampton has been settled since the stone-age period. It was during the Middle Ages that the town became an important port. However, Southampton experienced centuries of fluctuating fortunes until the Victorians expanded it. Since the town was a major industrial area and port, it was severely destroyed during WWII, being one of the chief targets for the Luftwaffe. After centuries of being a significant regional center, Queen Elizabeth II awarded the area city status in 1964. Southampton has since been transformed by post-war redevelopment and several recent innovations.
As a multicultural city, Southampton has a booming art, performance, and live music scene. At the heart of the city’s cultural life is art. It prides itself on its internationally celebrated City Art Gallery. The regional art gallery offers several exhibitions and a rich collection of works that date back to the 14th century. Besides art, the city has the Guildhall and the Mayflower Theater, two big live music venues. Southampton is also home to several contemporary musicians like Will Champion, Craig David, Rob Skipper, and Aqualung. Moreover, Southampton Football Club calls the city home.
Aside from the rich culture and history, Southampton is also a powerful business hub. The UK Powerhouse research and the Center for Economic and Business Research recently revealed that the total added value of Southampton’s economy stood at £6.5 billion. The city’s economy has been increasing year after year and providing 160,000 jobs. As the cruise city of Northern Europe, Southampton serves two million passengers every year. The city is also close to the largest automotive trade port in the country, the Dock of Southampton. Besides, Southampton has completed multiple development and redevelopment projects in the last decade.
Real Estate Appeal
It is almost impossible to resist the thought of investing in Southampton. As an economic powerhouse, the city boasted a total added value of £6.5 billion last year. Rated among the top ten fastest-growing economies, Southampton is a hot cake in the real estate market.
With the economy expected to grow by 18.5% in the next 10 years and job growth to hit 10%, investors in this area will inevitably have a stable income from their properties. A recent survey revealed that Southampton’s property prices could rise by 43% within the next half-decade. This is the best time to put your money into the real estate market of Soton.
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