While new construction sites in Manchester are beginning to level off, the city continues to offer fantastic investment opportunities for investors.
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Manchester’s growth since 2018 has been phenomenal. The city skyline has rapidly transformed so that every vista is punctuated with cranes. As the number of residents in the city centre is forecast to rise substantially over the next 5 years, these building sites are themselves a foreshadowing of what is to come.
As a cosmopolitan city, Manchester has risen in popularity due to work opportunities - not least with the BBC and ITV arriving in Salford Quays - and a culture perfectly suited to freelancers who love good coffee and fibre optic broadband wherever they go. It’s no accident that Manchester attracts so many tech companies and is becoming even more appealing than London due to more affordable housing and living costs. Cultural growth with clubs, bars, restaurants, museums, theatre and any number of other entertaining venues appeal to a wide audience.
According to Deloitte’s Manchester Crane Survey 2020, 27 schemes were completed in 2019, making it the 3rd highest year on record. Considering the geo-political uncertainty of recent years, this continued growth is a brilliant achievement. It shows that the city of Manchester isn’t just resilient, it also remains one of the most appealing places for people to live and work.
John Heaton, Managing Director of The Heaton Group said, “seeing Manchester’s skyline develop over the last few years has been really exciting. There are so many great opportunities for people looking to make a safe investment for the future and good rental yields have remained steady for years. The Heaton Group are delighted to play even a small part in this great city’s growth and with our own project, Johnson’s Square, it is wonderful to add to the real mix of buildings on offer.”
Despite the drive for new residential properties, Manchester remains undersupplied. This means that now is a really good time for investors looking for a new opportunity. Of the 77 sites under construction in 2019, 43 were devoted to residential activity. This just shows how quickly demand for property is rising in Manchester and it is set to continue. And, as areas such as Ancoats are getting a serious make-over, a new, younger generation of city-dwellers are moving in to make the most of a more metropolitan lifestyle.
For more information about The Heaton Group, please contact Jenny Edmonstone on 01942251945 or by email to [email protected]. Please address any postal queries to 2 - 4 Wigan Road, Hindley and check out their website https://www.heatongroup.co.uk for any further information.
Contact Info:
Name: Jenny Edmonstone
Email: Send Email
Organization: The Heaton Group
Phone: 01942251945
Website: https://www.heatongroup.co.uk
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Release ID: 88950409
