{"id":1867,"date":"2016-12-06T12:00:23","date_gmt":"2016-12-06T12:00:23","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=1867"},"modified":"2023-09-27T11:07:11","modified_gmt":"2023-09-27T10:07:11","slug":"manchesters-revival-leading-norths-property-explosion","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-gb\/news\/manchesters-revival-leading-norths-property-explosion\/","title":{"rendered":"Manchester\u2019s revival is leading the North\u2019s property explosion"},"content":{"rendered":"<p><strong>The Northern Powerhouse, and especially Manchester, has had one busy 2016: Airport City has seen an \u00a3800 million investment, the Sir Henry Royce Institute for Advanced Materials managed to bag another \u00a3235 million and The Factory, the city\u2019s new art hotspot adds another \u00a3110 million to the list.<\/strong><\/p>\n<p>On top of that, the <a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2016\/08\/16\/top-10-property-investment-manchester\/\" target=\"\" rel=\"noopener\">city\u2019s population is currently at 2.8 million<\/a> with forecasts estimating it to surpass three million by 2035. Predictions for employment suggest a growth of 3.8% between 2015 and 2020 and 10,300 new homes are required every year until 2035, the Telegraph reported.<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"nkswRy6wZX\"><p><a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2016\/11\/08\/manchester-sells-property-two-weeks-faster\/\">Manchester sells property two weeks faster<\/a><\/p><\/blockquote>\n<p><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Manchester sells property two weeks faster&#8221; &#8212; BuyAssociation Group\" src=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2016\/11\/08\/manchester-sells-property-two-weeks-faster\/embed\/#?secret=2x6KCP65BK#?secret=nkswRy6wZX\" data-secret=\"nkswRy6wZX\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p>We could continue this list if we wanted to. Instead, our focus shifts slightly, to Manchester Place. This project is a partnership between Manchester City Council and the Government and aims to speed up the Mancunian revival even more.<\/p>\n<p><strong>The idea is to rejuvenate the city and <a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2016\/09\/29\/manchester-leads-way-property-investment\/\" target=\"\" rel=\"noopener\">build more houses<\/a> at the same time. <\/strong><\/p>\n<p>\u201cThe place-making agenda is an important and recurrent theme for the city council,\u201d says Paul Beardmore, the council\u2019s director of housing. \u201cThe money that has flowed into the city through sport and football \u2013 the BBC\u2019s move north, the success of the Commonwealth Games and everything that has come since at the Etihad Stadium \u2013 has a cascade effect down to housing.\u201d<\/p>\n<p>Between 2013 and 2016, almost half of all residential sales in Manchester were completed for less than \u00a3125,000. And the council is very conscious of London\u2019s inflated prices and works hard to repeat the capital\u2019s mistakes.<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"jOExBUa8Ou\"><p><a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2016\/10\/18\/northern-powerhouse-creating-property-investment-hotspots\/\">How the Northern Powerhouse is creating property investment hotspots<\/a><\/p><\/blockquote>\n<p><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;How the Northern Powerhouse is creating property investment hotspots&#8221; &#8212; BuyAssociation Group\" src=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2016\/10\/18\/northern-powerhouse-creating-property-investment-hotspots\/embed\/#?secret=BfxpGRTKLN#?secret=jOExBUa8Ou\" data-secret=\"jOExBUa8Ou\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p>\u201cWe\u2019re working around a concept that assumes a third of household income is being spent on your housing costs,\u201d Beardmore says. \u201cAny more than that and it\u2019s not really affordable.\u201d<\/p>\n<p>But investors are catching on as well. LendInvest recently published a report which revealed that <a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2016\/10\/20\/britains-best-buy-let-mortgage-areas\/\" target=\"\" rel=\"noopener\">Manchester provides the most profitable rental returns in the UK<\/a> for landlords. Over the last six years, rental yield in the Northern capital averaged at 6.8% whilst London only managed to get up to a median of 5.7%.<\/p>\n<blockquote><p>No longer simply an alternative to a slowing London market, Manchester stands alongside the capital as a key buy-to-let market,\u201d<\/p><\/blockquote>\n<p>Jonathan Stephens of Surrenden Invest adds.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Northern Powerhouse, and especially Manchester, has had one busy 2016: Airport City has seen an \u00a3800 million investment, the Sir Henry Royce Institute for Advanced Materials managed to bag another \u00a3235 million and The Factory, the city\u2019s new art hotspot adds another \u00a3110 million to the list. On top of that, the city\u2019s population<a class=\"excerpt-read-more\" href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/news\/manchesters-revival-leading-norths-property-explosion\/\" title=\"ReadManchester\u2019s revival is leading the North\u2019s property explosion\">&#8230; Read more &raquo;<\/a><\/p>\n","protected":false},"author":1069,"featured_media":4603,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[42],"tags":[81,77,66,97,14],"class_list":["post-1867","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-regeneration","tag-affordable-housing","tag-manchester","tag-manchester-property","tag-northern-powerhouse","tag-property-forecast"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/1867","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/users\/1069"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/comments?post=1867"}],"version-history":[{"count":1,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/1867\/revisions"}],"predecessor-version":[{"id":6096338,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/1867\/revisions\/6096338"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media\/4603"}],"wp:attachment":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media?parent=1867"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/categories?post=1867"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/tags?post=1867"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}