Manchester voted one of the best places to live and work

This week Manchester was named as the second-best place to live and work in the UK. The research was conducted by Glassdoor, one of the world’s biggest job search websites. It considered a number of factors when rating towns and cities and scored them out of 5, determining a list of the best.

Manchester voted one of the best places to live and work

The research considered criteria including how easy it is to find a job, how expensive the city is and how satisfied people are with their work.

The criteria used to measure the outcome, as reported by The Independent, included hiring opportunity determined by the ratio of active job openings to population. Second was the cost of living, calculated as the ratio of median annual base salary to average home value in the area. Job satisfaction ratings were based on at least 80 company reviews, written by local employees on Glassdoor’s website over the past year.

The results did reveal some surprises on the list, including Slough being measured in first place, however the rankings returned a more familiar and recognised city coming in second. Manchester managed to gain the subsequent spot, scoring 4.0, opposed to Slough’s 4.2.

Manchester has been on an upward trajectory for some time with job opportunities, cost of living, quality of life, nightlife and business all flourishing since George Osbourne announced the Northern Powerhouse project nearly 4 years ago.

Since that time domestic and foreign investment has been flooding into the city with flagship projects including Airport City which is under construction at the moment, in the hope of attracting millions more visitors to the North West and Northern England. Manchester Airport is hoping to become an international hub off the back of the project.

Aside from this, though, there is a construction boom occurring with building in the city hitting a fever pitch. Foreign investors, especially from China and the Middle East, have been keener than ever to buy a slice of the Manchester property market. Off-plan property has proved incredibly popular with high yields and good capital appreciation.

In other parts of the UK issues have included low wages, high inflation, lack of jobs and lack of investment opportunities but the North West continues to buck the trend with thousands of highly paid jobs available and more choice than ever for living and accommodation.

With good nightlife, two world class universities and two world class football teams, people from all over the country are flocking into the city to start a new life. Students often stay after graduating and many have left London to move to the UK’s ‘second city’.

If you’d like to invest in Manchester contact us today to speak to one of our experienced property consultants!

UK BTL vertical - April 2019

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