People and Places

Pierre Netty claims there are now too many apartments for too few buyers and he's urging his clients to get out of Hull quickly.

Mr Netty said "Hull has been late in the regeneration game, and the regeneration they have done hasn't been as well thought-out as some of the other areas in the North of England."

His comments have been rejected by local planners. Councillor Andy Sloan, who has responsibility for regeneration on the City Council, believes that Hull is an attractive prospect for investors.

He said "I think you saw in the case of the Humber Quays development that the properties were all sold to local people. It wasn't sold on a pre-let or a buy-to-let basis. Yes, there is the demand".

Concern has been raised about a fall in demand for buy-to-let properties nationwide and whether the low level of average wages in Hull means that local people can afford to move into new city centre apartments.