Manchester set for further housing and infrastructure growth 

 

As Manchester’s population continues to grow, further housing, economic, and infrastructure growth is expected to keep up. 

Manchester’s economic growth is on par with top-performing cities across Europe. With a growing population, mainly of students and young professionals, a diversified economy, and extensive construction growth and infrastructure development, it’s easy to see why Manchester is not only the UK’s fastest growing city but one of the fastest in Europe as well. 

Growing population and house prices 

Since 2015, the city’s population has grown by nearly 6%, according to Manchester City Council’s 2018 State of the City Report. An impressive 65% of graduates of universities in Manchester stay in the city after graduating.  

Additionally, 36% of people from Manchester who studied elsewhere returned home after graduating. With a growing population of students, the need for more student accommodation is forecasted to grow further and buy-to-let investment is likely to continue to be lucrative, especially as Manchester’s house price growth is expected to rise by 57% by the end of 2028.  

Cities in the south have previously dominated house price growth, however, recently, the north, especially Manchester, has seen resilience and growth even through political and economic uncertainty. A big part of that is because overseas investment is at the highest level in over a decade in the north-west of England, while Manchester’s property market is seeing a surge of interest from investors in Asia and the Far East. 

Economic diversity and construction growth 

Many are flocking to Manchester because of the wide range of employment opportunities as the city’s economy is very diversified. This is another reason why there is high number of young professionals in the city. Over a fifth of Manchester’s population is employed in the financial, professional, and scientific sector. 

This city in the north-west is still home to numerous manufacturing plants but is also becoming the UK’s tech capital outside of London. The tech sector is fuelling demand for office space in Manchester at a time when residential and office construction is at record levels.  

Continued development in housing, transportation, and infrastructure 

With a growing population, it’s clear there is a need for further housing, transportation, and infrastructure. Recently-announced plans by the Greater Manchester Combined Authority include expanding the Metrolink on several fronts. In the plans, new tramlines and a tram-train system where current trams are adapted to run on the same rail lines as trains are being proposed. 

On top of that, more than 200,000 new homes are expected to be built by 2037 in Manchester, adding to the increasing demand for housing stock. By 2025, the city’s population is expected to rise to 644,100, so there will be further room for growth in the coming years. 

Highgrove Mews

High Net Yield Freehold Houses

  • Commutable to London (27 mins to central Paddington station)
  • Rental demand extremely strong with large industry presence in Reading
  • Freehold with 4% net yield

£284,955 - £457,000

St Petersgate – Stockport Manchester

New Launch - Stockport Manchester, apartments from £160,000

  • Discounted launch prices from £160,000
  • Excellent transport links with 3 trains per hour to London Euston and only 9 mins journey to Manchester Piccadilly
  • Experienced development team

Assured Rent Housing Association Leases

Assured Rent Housing Association Leases

  • Assured rent & no rental voids
  • Tenant damage cover & newly refurbished inline with requirements of a corporate sitting tenant
  • Free property and lettings management

From £62,000

Emerging Birmingham Commuter Town With Properties From Just £104,000

The emerging Birmingham commuter town where properties are selling in an average of just 24 days

  • A collection of 62 two bedroom apartments and 28 one bedroom apartments.
  • DE14 is one of the fastest selling postcodes in the West Midlands.
  • 23 minute train journey into Birmingham New Street Station.

Properties from £104,000

Mill, Stockport

The Northwest's emerging property hotspot

  • Discounted off-plan 2-bed prices from £162,000
  • Completion date - Q4 2021
  • Rental yields - 6% plus

Discounted off-plan 2-bed prices from £162,000

South Central – Birmingham City Centre Apartments

Highly anticipated 28 storey launch in Birmingham City Centre with an impressive roof garden and communal facilities.

  • 154 units across 28 storeys
  • Residential multi-media community room, gym, roof garden and sky cinema
  • Excellent future connectivity via the metro system to other key transport hubs and locations around the city

from £205,800

ba-

Talk to us

Speak to our UK property experts today: 

+44 (0) 333 123 0320

Open from 9am-6pm GMT

+852 9865 4446

Open from 9am-6pm HKT

Stamp Duty Calculator

.

Unlock members only investment opportunities and full development details. Join now – it’s free, quick and easy.

Login

Not a member? Sign up for free

Tech sector drives demand for Manchester office space 

Manchester set for further housing and infrastructure growth 

Example

By submitting your details via this online form you agree to be contacted via email/phone/SMS by Direct Marketplace Ltd t/a BuyAssociation in relation to property investment and property developments . We do not share your personal details with third parties.  To view our full Privacy Policy click here.