Economic growth in Manchester. - Nova
downArrow

Economic growth in Manchester

Manchester is a ‘beta world city’ and the UK’s second city, recognisable for its architecture, culture, musical exports, media links, scientific and engineering output, social impact, sports clubs and transport connections.

According to Avison Young, economic growth in Manchester last year was the second highest of thirty European cities. The post-covid recovery has strengthened employment market and the housing sector. Capital growth in Manchester outpaced the rest of the country on a yearly basis for the past decade.

Known as one of the best tech cities in Europe, it excels in a wide array of sectors, including life sciences, cyber-security, FinTech, healthcare, and manufacturing.

MediaCityUK, in particular, has had a huge impact on the city’s digital and creative scene. The city also has the second highest student retention rate after London with around 45% of population aged under 35.  The city’s infrastructure has considerably improved due to multi-billion-pound regeneration projects.

Manchester still has a vast potential for capital growth and if you are planning to take advantage of this you should thoroughly pick your microclimate to ensure you’re entering a suitable gentrification cycle not too late or too early.

 

 

Nova News

House prices increase in the face of rising living costs and interests.
House prices increase in the face of rising living costs and interests.
by Chris Downe
read more
The Commonwealth Games Effect
The Commonwealth Games Effect
by Oliver Coghlan
read more
What the leasehold reforms means for you.
What the leasehold reforms means for you.
by Chris Downe
read more
House price growth over recent years has been strong, but what are the predictions for the coming years and is the housing market primed for a crash?
House price growth over recent years has been strong, but what are the predictions for the coming years and is the housing market primed for a crash?
by Oliver Coghlan
read more
Is it too late to invest in Manchester?
Is it too late to invest in Manchester?
by Saeid Ansari
read more
Want to be the first to know what’s going on in the world of property investment? Subscribe to our newsletter below.
The property pension plan book icon

Take Control Of Your Future With Buy To Let Investment, get The Property Pension Plan for Free!

Find Out More
Get in Touch

Book a complimentary property and/or finance consultation

back-to-top

You are now leaving Nova Financial

Please be aware that by clicking onto the below link you are leaving the Nova Financial Group Website. Please note that neither Nova Financial Group or Connect IFA Ltd are responsible for the accuracy of the information contained within the linked site(s) accessible from this page.

You will be redirected to

Click the link above to continue or CANCEL