Property values on the up

building in Little Germany

Bradford’s conservation quarter of Little Germany is one of the fastest growing areas locally for property prices.

That's the finding of a new report into property valuations in Bradford, although the news is good for the whole of the district. Some valuations are now over £300 per square foot in the former wool merchants' quarter, now home to residents as well as businesses. The findings demonstrate, say observers, that confidence in the city continues to increase and Bradford's image is changing.

The average valuation figure for the district excluding Little Germany is £124 per square foot, but £250 per square foot is being achieved on a regular basis for apartments in Little Germany.

Bradford Centre Regeneration's Maud Marshall noted the importance of breaking through the £300 threshold, while the Chamber's Vice-President, Harold Robinson spoke of his "unshakeable confidence in the future of Bradford as the new property hotspot of Yorkshire."

The report has been produced by BPF member Squarefoot Apartments, which updates property investors in the UK and overseas. Squarefoot's Mani Waheed says that the climbing prices and the appearance of development such as the Gatehaus provide "a clear indicator that, despite property prices falling in some parts of the country, the value of high quality apartments in Bradford is still increasing."