Why Invest in Exeter?
Exeter is a vibrant and growing city with a lot to offer, making it an attractive prospect for property investors. With a current population of around 134,579 and a travel-to-work population of 470,000, Exeter is expected to grow further, with forecasts predicting an additional 25,000 people by 2030.
The city has an ambitious “Livable City Plan“, aiming to build 12,000 new homes, improve infrastructure, and position Exeter as a global city by 2040. Exeter’s economy is strong and diverse, with key sectors including services, public services, health, education, retail, distribution, and research and development. The city is also a significant tech hub, providing 10,000 jobs.
According to EY, Exeter is set to be one of the UK’s fastest-growing cities over the next few years, outpacing cities like Birmingham. Exeter has seen major commercial development, including the Exeter Science Park, the Met Office headquarters, and the Exeter and East Devon Enterprise Zone.
The University of Exeter has a significant student population of around 22,000, which is good news for investors in student accommodation. Popular areas for students include the city centre, Pennsylvania, Stoke Hill, St. Davids, St. Thomas, and St. Leonards.
Exeter’s strategic location is another advantage, offering easy access to the coast, Dartmoor, and the Devon countryside, as well as excellent transport links to London and other major cities.
With its thriving economy, diverse employment sectors, and ambitious development plans, Exeter is an attractive and promising location for property investors.
