The Hometrack UK Cities House Price Index June issue, has highlighted Manchester as the UK’s city with the highest year-on-year house price growth rate of 7.4%, followed by Liverpool (7.2%), Birmingham (6.8%) and Leicester (6.5%).

It comes as no surprise that Manchester also has the lowest level of discounting (2.2%) across England and Wales as prices remain on the upward curve.

Added to this, a recent report from GoCompare identifies Manchester as the best place to be a landlord in the UK, as the city records the highest average rental yields and highest rental market growth. Other notable figures from the report include :

# UK city house price inflation 4.6% year on year ranging from +7.6% to -2.8%.

# 3-month growth rate in London increases as sellers become more realistic on pricing. The discounts from asking prices in London are narrowing which is a positive for sales volumes.

# Manchester has the lowest level of price discounting and the highest annual growth rate.

The report goes on to say that they expect current trends to continue into the second half of 2018 as housing market forces continue to play out against the backdrop of rising employment and low mortgage rates. The main risks on the horizon are the timing and scale of any increase in mortgage rates and how the BREXIT negotiations unfold in the coming months and in the run up to March 2019. Click here to view the full Hometrack report.

With such strong economic fundamentals underpinning the property market in the North West, Manchester should be on every investors radar. View our current new build and off plan residential developments and register your details below to receive more details on all our investment opportunities and new development launches.

A detailed vision for the Northern Gateway project, a residential-led development programme that will see 15,000 new homes in the next 15-20 years, is being considered by Manchester City Council Executive later this week.

The draft Strategic Regeneration Framework (SRF) sets out eight clear core objectives for the regeneration programme and will be a template for development planning over the next decade, driving the ambitions of the Northern Gateway reports TheBusinessDesk.com.

At 155 hectares, it is one of the largest residential-led regeneration projects in the UK. A key theme of the Gateway is a unique city river park connecting seven new and emerging neighbourhoods through high quality open green spaces and public squares.

The ambitious green space will stretch from Angel Meadow through to Collyhurst with the intention of attracting a wide range of biodiversity, while celebrating the existing architectural features of the valley, including Manchester’s Victorian railway arches.

The Northern Gateway will extend the residential opportunities north from the city centre creating the cluster of well-designed and distinct sustainable neighbourhoods, opening up a range of new retail and family-friendly leisure destinations in the north of the city.

With much improved connectivity,focusing on green transport, including walking, cycling and public transport, the Northern Gateway has the potential to attract a range of visitors from the city centre and beyond, taking advantage of the green space and leisure amenities, while improving the lifestyle residents.

At its heart, the Northern Gateway is a residential-led development and aims to build a mix of 15,000 new homes over the next 15 years with at least 3,000 affordable homes.

If you are looking to invest in a world-class city which offers people a great place to live, an international airport and transport infrastructure which competes on a global level, then Manchester ticks all the boxes. View some of our current property investment opportunities or register your details below to receive our regular development updates and property launches.