Manchester: A City on the Rise
A thriving economy
Manchester's economy is one of the largest in UK, with a diverse range of industries contributing to its growth. Almost 70% of employment in the city center is in knowledge-intensive industries, making it a hub for young professionals. The city has evolved into one of Europe's best digital and technology sectors, attracting companies like the Co-op Group, BBC, and Kellogg's. Greater Manchester South, which includes Manchester and Salford, has experienced significant economic growth, exceeding the national average. Between 2002 and 2012, it grew by 45%, compared to the national growth of 44%. Manchester has seen substantial investment in recent years, leading to significant regeneration and development projects.
A rich history
Manchester's history is deeply intertwined with the Industrial Revolution. Manchester is considered the world's first industrialised city, with its textile industry driving its early growth. The city's cotton mills were a defining feature of its 19th-century landscape, contributing to its rapid expansion. Manchester has undergone a cultural renaissance in recent decades, transforming from an industrial hub into a vibrant center for arts and culture.
A booming property market
Manchester's property market is booming, driven by several factors. The city center is a hot spot for property, with high demand due to its convenience, job opportunities, and cultural scene. There's a growing demand for eco-friendly properties, with features like energy-efficient appliances and green spaces. The city's digital transformation is influencing property choices, with a demand for smart home features and high-speed internet. There's a focus on creating neighborhoods with shared spaces and collaborative initiatives, reflecting Manchester's strong sense of community.
Diverse and growing population
Manchester's population is diverse and growing, with a strong sense of community. Manchester was the fastest-growing city in the UK in terms of population between 2002 and 2012. The city embraces a multicultural identity, enriching its social fabric and creating a vibrant mix of neighborhoods. The city center population is expected to reach 60,000 by 2027, marking a tenfold increase since 2002.
Hub of higher education
Manchester is a hub of higher education, attracting students from around the world. The city boasts world-class universities, including the University of Manchester and Manchester Metropolitan University. Manchester has one of the largest student populations in Europe, with over 105,000 students enrolled in higher education. The city has a high graduate retention rate, with more than half of graduates staying in Manchester for employment.
Popular investment destination
Manchester is a popular destination for property investors, offering attractive opportunities. Manchester offers the most impressive rental yields in the UK, making it a lucrative investment option. The city's large student population drives demand for student accommodation, making it a popular investment sector. Manchester's buy-to-let market is thriving, with steady rental income and potential for capital growth.