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17 May 2006
The numerous multi-billion pound regeneration projects taking place throughout Stoke-on-Trent are beginning to take effect, with house prices starting to rise steadily.
With projects such as the £16 million regeneration of Burslem Town Centre, the £200 million redevelopment of Hanley Bus Station, the restructuring of the road system and development of Hanley's cultural quarter, Stoke-on-Trent is set to change dramatically.
These regeneration initiatives have started to attract new companies, investment, and tourism to the area, and demand for properties is subsequently now increasing.
With the decline of the pottery industry in Stoke, many areas of the city became rundown, with the result that property values fell. However, the average property price is now rising by 6% per year , the largest increase in Staffordshire.
Ian Kelley, Managing Director of Countryside Properties (Northern) commented, "As these multi-million pound improvements start to happen, investment in the city will increase, and so will the property values. Forward-thinking property purchasers are starting to catch on, and buying before house prices really start shooting up.
"Now is most definitely the time to get onto or move up the property ladder, and modern properties such as those at the new Sadlers Park development in Burslem, should see property values substantially increase over the next few years."
For more information about Sadlers Park please contact the sales office on 01782 839305 open daily from 10.30 am until 5.30 pm, or visit www.sadlerspark.com
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Information correct as at 17/05/2006