In the Global Liveability Survey carried out earlier this year Manchester was once again ranked as the UK’s most liveable city. So what does this mean?
The survey, which is complied by the Economist Intelligence Unit, rates world cities out of 100 in the areas of health care, education, stability, culture and environment and infrastructure. And Manchester beat all other UK cities to be rated the highest, in fact, it is ranked higher than London, Rome and New York!
With a population of 2.5 million and a workforce of 1.2 million Manchester is on top of its game when it comes to business development and outside of London, it has the UK’s largest economy. Attracting thousands of investors from both home and overseas, Manchester has always been a magnet for drawing in serious amounts of investment and is now considered one of the most mature property investment markets in the world.
The centrepiece of the Northern Powerhouse
As the primary city in the UK’s Northern Powerhouse plans, Manchester has already been through a comprehensive regeneration programme which has transformed the city. When the BBC moved a large part of its operation to MediaCityUK in Salford Quays from West London it sent a strong message that Manchester is a hotbed for talent, creativity and business know-how. These are all key criteria that continue to attract investors to Manchester.
As well as being renowned for its world class restaurants, bars and nightclubs. Manchester has probably one of the most vibrant music scenes on the planett where many famous bands such as Oasis, The Stone Roses, Simply Red, The Chemical Brothers, The Smiths and Take That have all had great success on the world stage. If you add to the mix famous attractions such as Manchester United and Manchester City, the National Football Museum, the Arndale Centre, the Imperial War Museum North and John Rylands Library to name just a few, it’s easy to see why so many people gravitate towards Manchester.
This is certainly true of students where Manchester can boast the UK and Europe’s largest university campus, with over 85,000 domestic and international students. In fact, Manchester has one of the youngest populations in the UK with the number of 20 to 30 years olds living in the city doubling over the last 10 years.
Putting Manchester firmly on the map
The key industries in Manchester include financial services, computing, engineering, research, broadcasting and communications. These sectors draw people from far and wide to live and work in the city and the city centre itself is populated with high numbers of young professionals with high disposable incomes.
And of course we shouldn’t forget Manchester’s fantastic infrastructure. With extensive road, rail, tram, public transport and airport links, Manchester is one of the most accessible cities in Europe. Manchester Airport is the UK’s largest regional airport with a reach that extends to 225 worldwide destinations and really puts the city on the map for a worldwide audience.
Understandably, with the influx of so many young people, the rental market in Manchester is booming and for property investors there is no better time to invest in the city. We have some fantastic investment opportunities in the heart of Manchester so to stake a claim in one of the world’s most vibrant markets, contact us now.