Opto Property Group looks ahead to the future of UK property
- 12 Apr 2019
- In the press
Opto Property Group interview
At a challenging time for the UK property market – with the ongoing Brexit saga causing widespread uncertainty and the housing shortage continuing to raise questions – Matt Day, development director at Opto Property Group, has shared his thoughts on some of the key trends and topics of the day.
In an interview with WhatHouse?, Mr Day said there has been a lot of attention on property and construction, particularly in terms of whether the country will be able to deliver the homes so desperately needed to meet demand.
He also stressed that recent uncertainty does not appear to have dampened demand for new-build housing across various regions and sectors.
Regional markets prove popular
Looking ahead to the coming year, Opto Property Group anticipates ongoing house price and rental growth, albeit at a slightly slower pace than the market has become accustomed to.
“Regional property markets have performed very well recently and property investors may switch their attention to locations outside of London to secure stronger returns,” Mr Day noted.
For investors who are looking at the south-east region, but aren’t willing to pay London’s high prices, one of the most appealing locations is Luton, where Opto Property Group has already delivered some 800 purpose-built student rooms across three projects.
The town is also highly popular among commuters working in London, thanks to its short journey times into the centre of the capital. The firm is boosting the range of housing available to this market with Imperial Square, a development of high-quality one- and two-bedroom apartments.
Mr Day commented: “Luton is in an ideal location for development and property investment. The town is currently benefiting from over £1.5 billion worth of private investment, which is set to create around 18,500 new jobs locally over the next 20 years. This investment – and the town’s close proximity to London – makes it an ideal choice for investment.”