Even without a crystal ball it’s easy to predict future success for Greater Manchester. Firstly, there are the official estimations which all see figures rising:
• Employment rates by 20% in 5 years
• GDP by 29% in 10 years
• Disposable income by 31% in 10 years
• Rental increases by 9% throughout 2015
But estimations like this are all subject to change for better and worse. To see this you only have to look as far as house price forecasts for 2015: in March the Centre for Economics and Business Research estimated 1.5% house growth throughout the year, a figure which they have since upped to 4.7%.
Although statistical predictions may waver, what you can count on is new developments to improve and future-proof the city. Greater Manchester is gaining attention from people looking to move, as well as investors from around the world. Building better facilities, homes and infrastructure are crucial to the region, as well as maintaining Manchester’s place as the UK’s second city.
X1 Media City - Planning permission granted
X1 Media City is set to be Greater Manchester’s most impressive residential development, perfectly located in the business hub MediaCityUK. Four iconic towers will add to the local skyline, with views over the nearby quays and Manchester city centre. Alongside these 1036 luxurious apartments, X1 Media City will be home to an onsite gym and cinema room for residents.
A ‘Vertical Village’ - Still a concept
Although not a concrete plan right now, the idea of a ‘vertical village’ for Manchester was dreamt up by Mike Ingall, boss of property firm Allied London, earlier this year. A vertical village offers all sorts of amenities for residents: schools, parks, clinics, in one tower.
However, even Ingall admitted that, “It might not be realistic but who knows. You have got to be bold and push the boundaries of living and that is what we are trying to do.”
Metrolink Expansion – Currently underway
The ‘Metrolink’ is Greater Manchester’s tram network which is currently the largest in the whole of the UK. Current improvements include adding a second crossing through the city centre to ease congestion and creating a new line towards the popular Trafford Centre shopping centre.
This ever-improving tram system manages to connect the different boroughs of Greater Manchester as it stretches from Rochdale in the north to Manchester Airport, 25 miles further south.
Airport - Future Plans
Speaking of the airport, it is set to go through its own changes in the coming years. It has recently set (and then broken numerous times) its twelve month rolling total of passengers. The record currently stands at 22,475,753 passengers, a figure which is likely to go up again when July’s figures are released.
Going forward, Manchester Airport has plans to spend an additional £1 billion on transforming itself into a sleeker, more efficient airport, including plans to demolish the aging terminal 1.
Altogether the mix of developments and projects on the go, plus devolution and the Northern Powerhouse initiatives, mean the Greater Manchester city region’s future is looking bright. Whether people are planning to visit, invest in, or even move to Greater Manchester, all that is going on is sure to impress.