In the past 18 months more affordable living and strong commuting connections have become more popular due to covid. It has become more common for people to look for more desirable locations with good proximity to amenities such as transport links, cafes, gyms and restaurants.
There is no secret that towns and cities in the north of England and Midlands make up the majority of the UK property hotspots. Manchester city centre has become a great option for Londoners leaving the capital. Therefore, it has become much more appealing for owner-occupiers and investors due to lower costs of living.
Furthermore, Zoopla’s recent House Price Index shows that capital growth in Manchester was 7.2% in the last 12 months which the second-highest level of annual house price growth among the UK’s 20 largest cities.
As the city is experiencing a major transformation and increasing demand for desirable dwellings, it still offers strong capital growth prospects for the coming years. In 2020, Savills projected the northwest to see the strongest capital growth with a 28.8% rise by 2025.