Property prices in Salford grew by £14,874 or 12% in the first six months of 2014, far exceeding London’s percentage growth in the same period of just 8%.
Laurence Hall, a spokesman from property listings website Zoopla, who published the report, said: “Over the past few years, Salford especially has prospered from job creation in the area, which
has helped boost the local property market.”
This boom has been accounted to the opening of the new £1bn MediaCityUK complex in Salford Quays, which now house major British broadcasters, the BBC and ITV.
This mass investment has provided a vital boost to the area, which has now become a bustling tourist hotspot attracting 2.8 million visitors annually, producing an impact on the local economy worth
These visitor numbers however are not only a result of the impact of MediaCityUK, with a number of other tourist attractions, including the Lowry and the Imperial War Museum, residing in the
Despite these tourist numbers and rising property prices, Salford Quays has refused to rest on its laurels as shown by ‘The Destination Management Plan’, which was created by a consortium of local
businesses, who pledged to boost annual visitor numbers to 3.4m by 2014 and increase the amount of money it generates for the local economy to £340 million.
Knight Knox International has directly seen the effect of this boom, having launched a number of buy-to-let opportunities in the Salford Quays area.
One of our most recent offerings, Salford Quays Phase II, sold out within just one month, prompting high demand from investors for another project to be launched in the area.
These calls were answered at the end of June with the highly anticipated launch of Salford Quays Phase III, which will comprise of 60 apartments built over four floors.
The stylish homes have already been granted planning permission and are available from a starting price of £97,500.
We encourage investors to register their interest quickly to ensure they do not miss out on this opportunity as demand is so high.
For more information, please contact the Knight Knox International sales team on +44 0161 772 1370.