GREATER MANCHESTER PROPERTY GUIDE 2017/2018
Without doubt Manchester is on the map and in a big way and the demand over the last few years has been far outstripped by supply as more and more people move into this rapidly growing economic, shopping and cultural hub of the North.
When it comes to things to do, Manchester has them in abundance: there is always a festival, a market or a music event happening in town at any given point in the year: think the Manchester International Festival, the Manchester Jazz Festival and the Manchester Christmas Markets, to name but a few. These events mean that people flock into the city from far and wide—and once they have a taste for it, many visitors decide never to leave! This helps demand for Manchester property to continue to rise
The city has a thriving economy, including the recently developed business district at Spinningfields, which has been called the Canary Wharf of the North (after the important London financial district). Major international companies like AstraZeneca, BBC, Deloitte, Google, Kellogg’s, Barclays and Siemens all have offices in and around Manchester, with more and more corporations bringing their regional hubs to the city.
House prices are continuing to rise in the area, with percentage increases being equaled only by London, showing the economic power of what is arguably the UK’s second city—it really is a place to invest for the long term whether an individual, institution or bank.
Manchester has a great reputation for top-quality higher education. The University of Manchester is part of the prestigious Russell Group of universities, which are considered to be the UK’s best research establishments. Currently ranked the fifth best UK University in the Academic Ranking of World Universities 2014, the University of Manchester has an ambitious target to become one of the Top 25 Research Universities in the World by 2020.
In total, the three main universities in the area—the University of Manchester, Manchester Metropolitan University and Salford University—are home to an enormous 95,000 students, meaning that there is a huge demand for accommodation for 18 to 30-year-olds. The city is also very popular with international students particularly those from the Far East, many of whom travel to the city to attend the well-renowned Manchester Business School. It’s easy to see the attraction: with the winning combination of culture, leisure activities, good education opportunities, stunning accommodation and great transport links, it’s a great city in which to branch out and experience the world.