The CEBR (Centre for Economics and Business Research) recently released data that shows Manchester’s economy is expanding and is up by 7.5% since 2014 – Which is faster than London. The whole of the Manchester region has grown even faster at 9.1% over the same period. This growth is predicted to continue, with expectations that Manchester’s economy will be around 15% larger in 2026 compared to today.
With this kind of growth predicted, the city is upgrading its infrastructures. There is also a new motorway road through Stockport and into Cheshire. This will ease congestion and make travel to the airport easier and faster.
Economic growth is not forecast to fall. The FDI is taking place into economic sectors that are aligning with the new age of technology, with businesses taking advantage of the well-educated workforce that Manchester provides. These are the growth sectors of the future and are likely to help Manchester outpace most other UK cities and the European cities.
Developers/Builders are trying to keep up with the need for new homes in Manchester, but there may be a question mark over their ability to do so. And that is ultimately good news for property investors for where demand outdoes supply, rental prices and capital values tend to do very well.
Investors are high on Manchester property. It’s affordable, offers great rental prospects, and fantastic potential for above-average capital appreciation. Contact us today at Nova Financial about the incredible property investment opportunities we’ve been able to negotiate in this amazing city.