The Outlook for Manchester Property Market
The Manchester property market for both residential and commercial property has picked up strongly after the uncertainties over the outcome of the general election.
With the Tories back in power – with a majority this time around – the economic landscape, especially for property, looks a lot rosier under the Conservatives, the party which traditionally backs homeowners – and usually receives their votes in return come election time.
Further proof of the robust market for investment property in Manchester emerged today with the news that Williams Developments have pre-sold its WE Tower Development, situated in central Manchester, just off Oxford Rd.
The £12 million development – where work began last month and is due for completion in April 2026 – has been pre-sold in its entirety to an investor from the far east.
Speaking about the Manchester property market, Julian Roper, operations director at Williams said: “The sale of this property highlights the current popularity of Manchester as a property investment hub. The city is currently thriving and is seen as safe haven for investment.
This Trend is Set to Continue
According to Mr Roper: “This trend is set to continue, especially since the new Conservative government is committed to establishing the ‘Northern Powerhouse’.”