But what drives success in Greater Manchester, and where are the key areas to look for when investing? Below we have outlined some of the most important cultural and residential zones in the region that are seeing it go from strength to strength.
Bordering the famous Northern Quarter and located just off the busy Piccadilly area, Ancoats had, at one time, been considered one of the less desirable areas of Manchester to live and play.
However as the city continues to grow at a tremendous pace Ancoats has become a huge focus for investors and developers who are looking to renovate quality buildings into housing, retail and office space.
The area is minutes away from practically every area of the city centre and is a stunning example of industrial heritage, with mills and factory architecture never far away. Many of the character buildings are being renovated into high-end residential spaces, which meet around a central square that already boasts some excellent eateries which is creating a real café culture.
Now a hub of building activity, Ancoats is set to be a real showpiece for Manchester.
Recently voted “The best place to live in the North West” in The Sunday Times Best Places to Live 2018 list, Altrincham in South West Manchester is quickly becoming one of the UK’s most premium locations to live in.
Average house prices for a family home in the area are close to hitting £1m, with mid-range properties slightly below £500,000.
Renting a property in the area is likely to set you back £670 per month just for a starter home, so it’s not ideal for families who are just starting out and is probably more suitable for those with a little more wealth behind them.
Close to the famous Dunham Massey Park, the town centre has become home to boutique shops and cafes rather than a deluge of takeaways and pound shops, as in other areas. The town also boasts the now esteemed ‘Altrincham Market’ which draws in crowds from the city centre and further with an offering of street food stalls and as much craft beer as you can shake a big stick at!
Local residents are really getting behind the area and following regeneration worth £6m, local estate agents describe new properties coming to market near schools as “like gold dust”.
Salford & MediaCityUK
We’re long past the point where Salford Quays and MediaCityUK could be described as ‘up and coming’. Salford is very much now standing as an equal to its city neighbour Manchester with investment and business thriving just across the water from Old Trafford.
Swanky new restaurants and bars now hug the banks of the Quays along with impressive new apartment buildings offering young professionals the chance to live in one of the most exciting areas of the country.
With new projects such as Bridgewater Wharf being constructed, providing much needed premium accommodation, the popularity of the area is exploding and demand is set to continue to soar in the coming years.
Deansgate remains one of the city’s most exciting areas by virtue of playing host to some of the most premium building projects and nightlife. Shops, bars and restaurants flag either side of the road which runs directly into the heart of the city.
Playing host to The Beetham Tower does the area no harm, too, with the immensely impressive architecture dominating the skyline whilst being joined by excellent transport, linking up the city. There has never been a better time to live around Deansgate.
There’s also been a recent surge in independent retailers and artisan shops, as well as trendy eateries and bars.
If you’re looking to invest in Greater Manchester, contact us today to find out more!