As the birthplace of the Industrial Revolution, Manchester is known for pushing the boundaries of what’s possible. Due to substantial growth over the past decade, property buyers from around the world have turned their attentions to Manchester and the opportunities it presents.
Manchester is connected to nearly every major rail station within the UK, and with the development of HS2 Manchester will further open up its borders as a commuter city. What’s more, Manchester international airport is currently benefiting from a multi-million-pound investment. Bringing in visitors from across the world, the new and improved airport will serve as a global gateway to UK.
Over the next 10 years, 55,000 new homes are required in Manchester to meet current demand. Planned projects and completions in the past year are falling significantly short of this, meaning Manchester has nowhere near enough homes for a booming population.
With double digit capital appreciation annually, and projected growth of up to 21.6% over the next four years, Manchester is a city on the rise and is living up to its “Northern Powerhouse” reputation.