Latest developments at The Eye
Investor opportunities at The eye as demand for rental rises
10th April 2012
A report issued this month by Savills and Rightmove forecasts that by 2016 one in five households in England will be renting in the private sector requiring an additional 1.1 million homes.
George Cardale, Savills head of residential development sales in Bristol explains, “A shift to private renting may go against our emotional attachment to home ownership, but facilitating the supply of new stock into the sector is now critical. City centre apartments, such as those launching at The Eye offer the kind of accommodation for which demand is rising. Rental yields in the city for this calibre of development can reach up to 7%. What’s more this iconic building at the heart of Temple Quay offers excellent value with prices starting below £100,000.”