Room for growth in Manchester

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by Kay Murchie

Estate agent Knight Frank is confident that the future of the Manchester property market is looking strong.

The agent added that in the early 1950s the population of Manchester was 700,000, it is currently 440,000, consequently, there’s room for another 300,000 people.

Manchester is experiencing strong investment, the city centre is having money poured into it and Ancoats, an inner city area, is having millions of pounds injected into it.

A recent report in the Telegraph said investors are travelling to Manchester in their droves. Warehouses are being snapped up and new skyscrapers are planned for major locations in the city centre.

Recently, the International Property Investment Network (IPIN) acknowledged Manyoo, in the heart of Manchester city’s docklands, as a strong investment.

A spokesperson for IPIN commented that many property investors are looking to invest in the UK and Manchester is the second major financial centre outside London and its cost of living is lower than the UK average.