Scunthorpe property market boosted by steel takeover

[Nicholas Wallwork]

Estate agent Jim Colver has given his opinion on the takeover of the local steelworks by Greybull Capital suggesting that the local property market will benefit. Those who follow the UK steel industry will be well aware that it has been in trouble for some time and Tata Steel has been looking for an exit

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Will this uplift in Scunthorpe property prices be short lived? Is the long-term future of British steel really as secure as many would have you believe? Time will tell but without significant government assurances and assistance in the longer term, is the steel industry really over the worst?