Manchester Property Market Information

Manchester University is one of the largest educational institutions in the UK. During October 2004 The Victoria Manchester University successfully merged with the University Of Manchester Institute Of Science and Technology formally known as (UMIST). This created the largest on site University in the UK. According to UCAS 2006 had an unprecedented 62,000 applications to the university making it one of the most popular student destinations. It also has a yearly income in the excess of £500.000. Plans are underway for it to become one of the top 25 universities in the world by 2015. Therefore the University is currently undergoing major redevelopment with an estimated 500 million pounds being invested to create new facilities and expand academic departments creating a world class University of research.

With all this in mind, investors around the country have flocked to Manchester realizing the massive earning potential this may have on the property market and their future earnings. Property in Manchester has risen dramatically making it an ideal hotspot especially in popular student areas such as Fallowfield, Rushholme, Longsight, Disbury, Salford and Hulme. When February comes many students are looking for places to live for their next academic year, many of which cannot afford mortgages therefore renting is usually the only option. Due to the lack of student accommodation, rent prices approximately range from £40- £140 per person a week.

For investors with property in Manchester, this is like hitting the jackpot. With the expansion of the University and growing student numbers you’ll have the peace of mind knowing your investment continues to grow maintaining those great returns.

On 5th October 2006, The Bank of England’s monetary policy committee kept interest rates at its current level of 4.75%. With predictions of an interest rate increase for next month, it looks like a rocky road ahead for first time buyers once again. Whilst trying our best efforts to save every penny for that perfect home whilst property prices continue to rise.

For first time buyers’; jumping onto the property ladder just doesn’t seem to get any easier. However there is light at end of the tunnel, where first time buyers are concerned they do have a certain degree of advantages. Firstly interest rates have been their lowest for the past 30 years making it a lot cheaper to borrow nowadays and high street banks providing you competitive offers in order to attract your custom, am sure there is a good deal out there in the market for us all. In fact most first time buyers have no chain involved, this means they are not waiting for their own property to be sold in order to move in the new, therefore a quicker transaction can be made with less hassle, this will no doubt make you more appealing to home sellers.

This means all you need to do now is look for the right property in the right location and the right price tag! We will be posting some of the most sought after property developments in Manchester!

Good lucking property hunting!

• Manchester is located in the north west of England; many people consider this city to be the second city within the UK just behind London.
• Manchester is the third most densely populated city in the country.
• Manchester is home to 2 main universities, The Victoria university of Manchester that has now merged with university of institute of science and Technology (UMIST) in 2004, which has now become one of the largest universities in the world. Also Manchester metropolitan university both situated in central Manchester. Manchester caters for more than 100.000 students.
• Manchester has 2 main shopping centres one conveniently located in the town centre known as the ‘Arndale’ offering all your high street brands such as Topshop/man, Zara and Burtons, whilst the other large shopping complex is located in old Trafford “ the Trafford centre” which has many prestigious brands such as Selfridges, Hugo Boss, Louis Vuitton and many more, .
• Manchester hosted the XVII commonwealth Games in the summer of 2002
• Manchester has the largest population of all the ten Greater Manchester districts and Bury has the smallest population.
• Manchester is a multicultural city boasting of great diversity of cultures and activities throughout the year.
• Manchester attracted the third highest number of foreign visitors in 1997, boosting employment in hotels and restaurants.
• Manchester is home to one of the best football clubs around prime example is world famous Manchester united located in old Trafford
• Manchester Business School is one of the leading business schools in the world. The School has built its reputation for developing tomorrow’s business.