Manchester is the undisputed capital of the North. It continues to grow and grow in a way not seen since the Industrial Revolution with a GVA growth of 16.4% forecast by Oxford Economics – the highest rate predicted out of every major city.
More importantly as a property investor, Manchester is where people want to live. It has risen 28 places in the Global Liveability Index making it the most liveable city in the UK and it is second only to London for attracting students and retaining them after their studies are complete.
With Manchester’s business district home to several of The Times Top 100 Graduate Employers and Manchester’s growing reputation as an innovation and tech hub as well as MediaCity, there are exciting employment opportunities which draw young professionals to the city – and they all need somewhere to live.
Young professionals will be attracted to the vibrant area which is handy for both the bars and restaurants of Ancoats and the Northern Quarter and is on the Metrolink tram network for easy commutes elsewhere in the city. The development is also within easy reach of The Etihad Stadium and the brand-new Co-op Live arena.
Sleek modern design, communal gardens, secure bike storage, canalside walks and easy access to Manchester’s renowned social scene means renters will pay a premium to live in a home like this.
Investors will love the prices which are below market value with off plan prices starting from just £160,000. It is also an up-and-coming area which is benefitting from serious regeneration meaning property should increase sharply in value.