Manchester property boom shows no sign of slowing

The booming housing market in Manchester is showing no signs of slowing down any time soon – according to one of the country’s leading property firms as reported by

The residential team at JLL says it sold 141 homes in the city centre in the first quarter of the year, a 200 per cent year-on-year increase.

And the firm says the increase in sales is a result of the continued high levels of demand for homes in the city from both owner occupiers and buy-to-let investors.

Activity in the city centre’s resale market is also showing continued momentum, according to the consultant’s figures – with homes receiving multiple offers and 98 per cent achieving asking price.

The news follows the release of JLL’s 2018 house price growth predictions for Manchester city centre in February. The consultant has forecast that average house prices in Manchester will rise by 6.5 per cent over the year – with 22.8 per cent growth expected by 2022.

Stephen Hogg, lead director, regional residential at JLL, said: “The simple fact is that Manchester has seen the most consistently strong house price growth in the UK over the last five years. It has a similar supply issue to many areas across the country but higher levels of demand from both owner occupiers and investors.

“As well as driving house prices, this demand has been a catalyst for huge growth in build-to-rent development – a market where there’s also significant demand.

mipim property exhibition
“While there are thousands of new units being built in the city, across different tenures, the city’s projected population growth and increasing graduate retention rate means we’re still some way off closing the gap between supply and demand.”

Forshaw Land and Property Group have an impressive pipeline of off plan residential developments in prime Manchester and Salford locations. Whether you are a property investor looking for a fully-managed buy-to-let opportunity with strong rental incomes to bolster your pension provision or a potential owner occupier looking to enjoy the best of city life and looking to call Manchester “home”, why not give us a call ?

Contact Form

"*" indicates required fields

Construction Update, Halo Manchester

Construction continues at Halo, our off-plan apartments in Simpson Street, revitalising and opening the northern area of Manchester city centre. All works are progressing within programme and despite the inclement weather the whole team are confident that the development will be completed on schedule.

The metal framework for all floors is now complete.
Halo Simpson St steel floor joists

Halo steel wall frames

The sixth floor is now built and the building is now watertight.
Halo Roof

Halo Simpson St, Manchester

Internal plasterboard walls are now in excess of 50% complete.
workman internal walls

Halo 5th Floor

Windows and external brickwork are currently at 65%.
Brickwork & windows

First fix Mechanical and Electrical works are being carried out on four floors.Halo Simpson St Electrics

If you are an investor looking to add to your buy-to-let portfolio from a developer who delivers, then check out what other Manchester investment opportunities are on offer from the Forshaw Group. See current property investment opportunities.