Economic and Population Growth is boosting returns in Manchester - Nova
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A Growing Population

The city’s reputation as one of the country’s premier university cities has set its reputation as a place where businesses have access to many highly qualified and skilled workers.

The City Council has been quick to capitalise on this and has invested in the infrastructure to help grow its digital, cultural and creative sectors. Manchester is now a major tech hub in the UK.

The youth and quality of the workforce in Manchester has helped to boost the number of businesses to grow since 2016. The rate of business growth and associated growth in jobs is a major factor behind the increase in the city’s population in just three years.

A popular city

It’s not just the economy that is encouraging to move to Manchester. Youngsters want a fun environment in which to live and work, and Manchester definitely provides this. There are thousands of amazing bars, bistros and restaurants, and a vibrant nightlife that includes some of the country’s best-known nightclubs. It’s a very diversified and inclusive city. Additionally, with countless museums, galleries and attractions there is always something going on or to be done. Also the shopping at the Arndale and Trafford centers.

The future looks bright for Manchester

Manchester is a vibrant lifestyle city, with a thriving economy that is growing fastest in the knowledge sectors of the future. It’s an attractive place to live and has benefitted (and still) from huge regeneration investment.

It has seen the fastest rate of city center growth of any city in England and Wales between 2002 and 2015, and its economy is expected to grow for several years to come and should these expectations be met, is bound to push the demand for new homes in Manchester even higher.

What does this mean for investors who buy property in Manchester?

Property investors who have bought in Manchester in the last five years have already done well. Since 2013, average prices here have increased faster than anywhere else in the UK in five out of six years. Population growth in the city is booming, and with a strong and future-proofed local economy, Manchester’s city center is a highly desirable destination for people who want to live in Manchester especially of young professionals.

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