Manchester is a buzzing, metropolitan city
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‘set to outpace UK economic growth’ until 2027
According to a study, Between 2023 and 2027, sales price growth is projected to increase by 19.3% in Manchester.
The thriving northern city is also expected to have the strongest rental value growth over the next five years with a 21.6% rise forecast.
This is being projected as a growing number of young professionals are continuing to be attracted to live and work in the city, which has significantly boosted rental market activity.
Manchester’s property market has been booming in recent years, and with the Metrolink expansion set to continue, many investors are seeing this as a great opportunity for growth. Moreover, the city’s transport network is expanding rapidly, making it easier than ever to travel around and access different areas of the city. Consequently, this increased accessibility is not only beneficial for commuters but also for property investors looking to capitalise on the city’s growing popularity. Enhanced connectivity will likely increase property values and attract more tenants.