Newcastle upon Tyne’s iconic Tyne Bridge is undergoing a multi-million pound renovation to prepare it for the next 100 years. But what is being done to redevelop and regenerate the city itself for the future? In this report we will take a look at some key projects both underway and planned.

Historically, Newcastle was a major world shipbuilding and heavy engineering centre. Today the area’s largest employers include the public sector, financial and professional services, construction and transport. Emerging future-facing industries include creative and digital, science and tech., and the city is gaining a reputation for its innovation and life sciences sectors.

Other factors in the property market here are that the city is one of the UK’s largest student centres. Students are attracted by the diverse range of courses, reputation for student life as well as affordable living costs. Newcastle University and Northumbria University have in excess of 50,000 students between them.

As well as a sizable student PRS there has been considerable PBSA development. Recent schemes include IQ Student Accommodation’s consent for a 600 bed development close to its existing site. Newcastle University and Unite Students have recently been given consent to redevelop their current 1,250 bed Castle Leazes site with 2,000 beds. Vita Student are working on a new 260 unit development at Leazes Park to open in autumn 2026.

Given the large student population and reputation for having a lively, vibrant centre, Newcastle has developed a significant city living market in recent years. It is estimated around 10,500 people live in the city centre. As well as new build PRS blocks and conversions there has been a moderate amount of BTR activity. Olympian Homes are working on a BTR development just to the south of Central Station at Pottery Lane which is expected to complete in 2027. This is the city’s largest BTR site to date.