I read a very insightful article yesterday from a blogger that writes knowlegeably about the Gloucester Housing Market:
"The Gloucester property market is very depressed at the moment, the town, like towns across Britain has been left looking run-down by the closure of businesses, making many of the people as depressed as the property market.
Gloucester is not alone, the paragraph above could be about any number of towns the length and breadth of the UK. The other common trend shared by Gloucester and all (or certainly most) of the other towns is that it will not always be like this; things will recover, run-down will become thriving and the depression will gradually lift. Where Gloucester is unique however, is in how it will recover:
In all the other towns, the gradual recovery of the economy will bring improvements to the town; businesses will fill vacant shops, warehouses and office space, which will in turn make the place look less run down. At the same time the housing market will slowly pick up. All together the general outlook is for a gradual process with a long-run up to any house price growth.
But in Gloucester, there is the massive urban regeneration project. As we speak, work is in progress to not only make Gloucester look less run down, but to make it look beautiful. The project is a beneficiary of massive investment, which is being put back into the local area in buying materials and providing employment.
Therefore when the economic recovery begins, Gloucester will be well in front of the other towns up and down the country, and the housing market should receive an almost instant boost because of the regeneration."
