Property Investment in Hull

Over the last decade, £1.5bn of regeneration has been poured into the ever-growing city of Hull. Arco, the UK’s leading safety equipment supplier, invested £25m into the National Distribution Centre in Hull, nearly doubling the capacity. Construction began for this project in 2019, and it became the largest new-build office development in the city for more than half a century. 

The Fruit Market was revamped by Humber’s Local Growth Fund of £1.3 million, into Hull’s Centre for Digital Innovation (C4DI). The new, savvy tech hub is home to 200 tech firms with hundreds of digital specialists and freelancers. This social heart of Hull acts as a magnet for buyers and property investors.

In recent years, Hull’s thriving tourism sector has become a key driver in its economic regeneration, raising the city’s profile and transforming Hull into an increasingly attractive property investment location.

Home to many notable landmarks, including The Deep, the deepest aquarium in Europe, Hull draws visitors from across the UK. The city also proudly hosts The Hull Fair – the largest and oldest travelling fair in Europe – a tradition dating back over 700 years, celebrating its 700th anniversary in 1993 and still attracting huge crowds each October.

Hull’s city centre has seen major redevelopment, blending heritage with modern design. Highlights include Queen Victoria Square’s striking fountains, Trinity Square’s mirrored pools, a revitalised Hull New Theatre, and a new Hilton hotel. Former derelict buildings, now galleries, bars and music venues – boosting the city’s cultural appeal and investment potential.

Hull boasts excellent transport links, making it highly accessible for both residents and businesses. The M62 motorway and A63 provide direct connections to Leeds, Manchester, Liverpool, and beyond, while a £400m Highways England project is set to further ease congestion and improve city centre access, linking directly to Hull’s vibrant marina area. The city is home to the iconic Humber Bridge – the world’s 8th-longest suspension bridge and the only one of its scale that you can cycle across!

Hull Paragon Interchange offers direct rail services to London in just 2 hours 40 minutes, as well as frequent connections to key northern cities, including Leeds, Manchester and Sheffield – positioning Hull as an attractive base for young professionals, making Hull an ideal property investment location for young professionals. Combined with strong sea, rail and road links, Hull also benefits from proximity to multiple international airports, including Humberside, Leeds Bradford, and Manchester,  ensuring easy access to global destinations.

Hull is a key gateway on the UK’s busiest trading estuary. The Humber Ports are the UK’s biggest port complex, supporting 12,000 jobs, handling almost 10 million tonnes of cargo and amounting to £12bn in trade each year. 

The economy of Hull continues to go from strength to strength. The £70bn, 30-year Transport for the North plan will deliver £100bn to the north’s economy, creating 850,000 jobs. Boosting the economy will positively influence property prices, increasing the value over time, so now is the ideal time to consider property investments in Hull.

The creation of Hull’s Local Plan aims to deliver 10,000 new homes in the 15 years from 2016 to 2032 -providing ample opportunities for property developers and plenty of prospects for property investors in Hull. It is home to several world-class research and development facilities, including the new multi-million-pound developments by RB and Smith & Nephew.

Hull’s Local Plan will act as a catalyst, driving the city. It comes as no surprise that Hull ranks as one of the three fastest-improving cities (2017) to live and work in. The population is expanding alongside economic success, and more students, entrepreneurs, and businesses are moving to Hull, making buy-to-lets a profitable investment opportunity.

For the seventh consecutive year, Hull has been awarded the Investors in the Environment Green certificate. The Siemens Gamesa factory in Hull produced the blades for the Hornsea Project Two, which is now the world’s largest wind farm. This wind farm contributes significantly to the local economy, strengthening the housing and property investment market in Hull.

With the introduction of electric vehicles and green driver training, the city slashed carbon emissions by 7% across 40 sites. In response to the Climate Emergency, Hull has also published a 2030 Carbon Neutral Strategy.

Hull is on track and striving to become the UK’s leading smart city. Citywide 4G coverage and affordable ultrafast fibre-optic broadband have been integrated throughout the city. KCOM invested £85 million for telecom firms to roll out the technology to 200,000 properties in 2019. A new £5 million state-of-the-art CXNDC data centre will boost connectivity and create new prospects for locals and technology firms.