Manchester has been named one of the best cities in the world for young people and students to live in according to the Millennial City Ranking, as reported by thebusinessdesk.com.
It is only the second time the list has been created and looks highlight global cities where digitally intuitive and entrepreneurial millennials are best choosing to make their home.
Out of 110 cities, Manchester made the top 10 list that looks at four main concerns for young people – does the city have available work, can young people afford to live a good life, is the city open and tolerant, and importantly, how fun is the city !
In the list, other factors such as internet speed, gender equality, start-up opportunities and progress in the work place were also taken into account to understand the best cities for young people in 2018.
Manchester scored particularly well when it comes to personal freedom and choice, tolerance, and, of course nightlife.
Manchester has also been named fourth most popular place for students to live in the world, behind London and the Australian cities Melbourne and Sydney, according to wwww.student.com whose research looked at 426 cities across the world.
The research found that students are willing to travel across the globe for higher education and 19% of students studying in the UK are from abroad. At full-time postgraduate level, 53% of students are from outside the UK.
Sir Richard Leese, leader of Manchester City Council, said: “We know that Manchester is popular with young people and the popularity and high-quality teaching at the city’s universities mean more and more graduates are choosing to remain in the city, find a job and lay their roots here.
“Manchester offers the benefits of some of the world’s most recognisable cities, with great employment opportunities and entertainment – but young people can enjoy these benefits far more affordably than some of the other cities celebrated in the list, like London or New York.
“The city council also offers a range of advice and support for people who are looking to start and build a business in Manchester, which has proven successful for business from seed organisations through to multi-national business.”
As young professionals and students lead the population growth making Manchester their home, there is increasing demand for quality apartments with good access to the city and offering all the on site amenities to cater for modern life styles.
Increasing demand is putting upward pressure on rents and house prices with JLL forecasting Manchester house price rises of 6.5% and rents to increase by 3.5% in 2018. The economic fundamentals look good for buy-to-let investors in the North West. View investment opportunities here or register below to receive our property updates and new development launches.