11:16 AM, 1st December 2016, About 6 years ago
It’s no secret that Manchester is an immensely popular city for investors. With an economy that generates £56bn annually and awards such as ‘Property Hotspot for the Decade’ under its belt, the UK’s ‘most liveable city’ is growing at three times rate of the national average.
Those with a stake in the city will be pondering the impact of Philip Hammond’s first Autumn Statement. The £1.4bn set aside to create 40,000 extra-affordable homes throughout the UK will be warmly welcomed by property investors nationwide, but those with a keen eye on the wider budget will consider Manchester as the ideal investment opportunity.
As the unofficial face of the Northern Powerhouse, Manchester will benefit from a £400m fund to invest in SMEs, bolstering the city’s image as a European business hub. Also confirmed was the continuation of £3bn annual investment into the Northern Powerhouse Rail network. New dedicated HS2 stations are likely to be developed near Manchester Piccadilly and at Manchester Airport to facilitate the 250mph trains, which will shave an hour off the journey to London.
Given the bold plans for the north and the rate in which Manchester’s economy continues to grow, it’s the perfect city for property investors.
Victoria Gardens is a prime example of Manchester’s large ambitions, with plans to spend £1bn regenerating the immediate area. Dubbed ‘Manchester’s Urban Village’, the development offers excellent links to the city centre, business districts and surrounding suburbs.
Comprising of courtyards and rooftop gardens, Victoria Gardens boasts stylish, contemporary homes with modern appeal from an award-winning developer.