The value of a view: the growth of value of luxury water front properties within developments with water views

Haywood, James (2010) The value of a view: the growth of value of luxury water front properties within developments with water views. MSc dissertation, University of Portsmouth.

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    Abstract

    Over the past decade the UK housing market has experienced periods of stable, boom and most recently, recessionary markets. The latter has financially hurt many investors.

    Being an island nation Britain has always been closely connected to the water. Over the past 30 years many waterfront developments have been constructed, and much of this has consisted of luxury apartments. This niche property type has been favoured by investors, the question underpinning this research project is “Have they made a wise decision?”

    The purpose of this project has been to assess water view properties within luxury developments from an investor’s perspective. The intention of this study has been to ascertain value growth performance, and further to understand why these properties behave in the given manner. A case study of a luxury waterfront development at Port Solent Portsmouth has been used to aid research. Research has adopted many different forms. Secondary research included a literature review and analysis of property value, this research helped to ascertain water view property investment performance. Primary research included 10 interviews with property professionals and a survey of 35 water and non water view property owners, this research aided the explanation for why water view property behaved as observed.

    To conclude, research indicates that water view properties perform favourably from a value growth perspective, however these conclusions have only been formed from one case study locality. Findings regarding luxury developments and water view set backs are mixed, and no generic rules can be derived from the research findings.

    Recommendations from this report are that water view properties constitute a better investment from a value growth perspective. Further recommendations suggest that good quality luxury developments and good quality water views regardless of set back are also favourable from a value growth perspective.

    Item Type: Dissertation
    Departments/Research Groups: ?? EDAM ??
    Depositing User: Jane Polwin
    Date Deposited: 01 Feb 2011 12:29
    Last Modified: 28 Jan 2015 11:17
    URI: http://eprints.port.ac.uk/id/eprint/1117

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