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 thebusinessdesk.com

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.

“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 ?

The metal frame work for the fifth storey floor at Halo is now in place with concrete shortly to be poured at our high profile residential development in Simpson Street, Manchester.

The final 6th floor will then be added to top out the building.

Internal walls with plaster board and external brick facings are being fitted working up the building.

Electrical and mechanical fittings are being planned and positioned.

All looking good at Halo and with all homes sold, Forshaw are on track for delivery of the 66 apartments in October later this year. Another market-leading product for vibrant Manchester city living.

View current buy-to-let off-plan investment opportunities.

The development team have just returned this week from MIPIM (Le marché international des professionnels de l’immobilier), regarded as the world’s leading international property event.

Hosted in Cannes, in the South of France, with an intensive four day programme of networking events and conference sessions, this annual event attracted over 20,000 visitors bringing together architects, property developers, investors and other property service providers.

Standing alongside some of the most influential players from the property sector, the Forshaw team championed Greater Manchester through a comprehensive programme of events hosted at the “Manchester Pavilion”. Aimed at furthering the international profile of the region, the Manchester delegation has grown to become one of the largest city-region presences at the conference. A presentation of the proposed redevelopment of our home town of Bolton drew particular interest. Forshaw are proud to support our own local council with their ambition to meet the challenges of future local housing needs through a £1bn regeneration master plan.

Over the course of the week, the Forshaw team, with founder and Managing Director, Lyndon Forshaw at the helm, showcased their new off-plan residential developments in Manchester and Salford. These were well received by a local and international audience keen to learn more about the opportunities and the dynamic economy and growth of Greater Manchester.

Located on the banks of the River Irwell, “The Warehouse “ at The Dye Works is a new build, off-plan residential development scheduled to complete Q4 2019. The high-specification nine storey building complimented with private balconies and roof terrace comprises 86 stunning waterside apartments affording impressive city and water views. A second development in Salford, “Bankside” was also unveiled. Comprising 180 apartments across 22 storeys also overlooking the river, the development is set to come to market later this month.

However, it was a glimpse of our flag ship development, “Vista” that really stole the show. Located in the heart of Salford Quays, this architecturally eye-catching building will be launching later this year and will host 214 stunning waterside apartments and penthouses spread across 32 floors to add an exciting new dimension to modern Manchester living.

With many new business contacts made and existing relationships cemented, next year’s show date is already in the diary !

To sign up for our new property launches just register below to be put on our priority mailing list.

Come hail or shine, construction work continues on our new build off plan Manchester city development. Notwithstanding the 30 hours of rain, 22 hours of high wind and 14 hours of frost this month, the metal frame and flooring to the 3rd floor is now complete and 35% complete to the 4th!

Meanwhile window installation is 30% complete, facing brickwork is well underway and basement lighting and ventilation is 20% finished.
A great effort from all the onsite team while most office workers took a “snow day” or two off work !

Halo is Forshaw Group’s contemporary new-build, 6 storey residential development located in “The Northern Quarter”, Manchester’s trendy neighbourhood. The Northern Quarter has a reputation for attracting vibrant street art, bohemian bars and independent record shops. It’s also home to buzzy restaurants and some of Manchester’s liveliest music venues. The 66, one to three bedroom new build apartments are in close proximity to Manchester Victoria station and the main commercial hub of the city. A great location to enjoy Manchester city life to the full. Find out more.

We are pleased to announce the imminent launch of our new stunning waterside development on the banks of the River Irwell flowing through the heart of Manchester.

“The Warehouse” at The Dye Works is a new build, off-plan residential development attracting interest from both owner-occupiers looking to get the best out of Manchester city living as well as buy-to-let landlords looking for solid investment returns from Manchester’s booming rental market.

On the site once stood the Worrall Dye Works, established in 1792 exporting world class dyed velvets across the globe contributing to Manchester’s rich industrial past until its eventual closure in 1964. Today, the development of The Warehouse at The Dye Works is set to reinvigorate the site and once again assist in the growth of Greater Manchester by providing high quality accommodation for the professional workers who are pushing the city onwards into the future.

The high-specification nine storey building comprises 86 stunning waterside apartments complimented with private balconies and a landscaped roof terrace affording impressive city and water views. A blended range of well-appointed one, two and three bedroom apartments together with two bedroom duplexes and stunning two and three bed penthouses are all designed to the highest standard to provide residents with luxury waterside living.

The Dye Works offers a range of on-site amenities, gymnasium and communal lounges that provide adaptable contemporary space, be it for watching movies, gaming or social gatherings.Rooftop gardens allow residents to relax overlooking the river and enjoy their own private outside space away from the bustle of modern city life.

As well as enjoying everything that Manchester has to offer, the enviable riverside location of The Warehouse at The Dye Works gives great access to the historic Castlefield area and proximity to the city centre unlocking the full potential of city living. Also, just a stones throw away, is Salford Quays and MediaCityUK. MediaCityUK is Manchester’s newwaterfront destination, with digital creativity, learning and leisure at its heart, home to the BBC and ITV. Manchester itself is a buy-to-let hotspot with international recognition as huge numbers of young
people flock to the city increasing demand for luxury apartments.

Construction is scheduled to commence later this autumn and due to complete Q4 2019.
For a comprehensive brochure, availability and pricing please register your details below:

Watch a time lapse video showing the construction and on site activity of The Barrel Yard, as it nears completion.

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The second phase of our residential development of the former Hyde’s Brewery, Manchester, the Barrel Yard provides a range of city-living options for residents including 17 townhouses of 3-4 bedrooms and 25 apartments of 1-3 bedrooms. All the homes are now sold but with other new Manchester projects in the pipeline, don’t miss out next time ! Contact us or register your details to receive priority notification on our next launches and have first pick of the plots.

Welcome to the year of the dog !

In China, it is still popular to name dogs Wàng Cái (旺财). It means “prosperous wealth”. Manchester boasts the largest China Town in the UK outside London and given Manchester’s flourishing relationship with China this bodes well for 2018. Chinese investors alone are now involved in over £3bn of development across the city.

In recent weeks the Manchester’s relationship with China and its twin city Wuhan has been further cemented through educational links. Manchester’s Chinese student population is growing at double the UK average as The University of Manchester places China at the head of its international programme. Earlier this month, Theresa May’s official visit to China included the launch of the Manchester-China Institute, a major centre for China studies, cementing relationships with Manchester University and Peking University Health Science Centre.

Last November, the positive economic impact of the introduction of two new direct flight services from Manchester to Beijing highlighted the benefits for Manchester and the Northern Powerhouse region. UK exports from Manchester Airport have increased 265 per cent to £200m per month and Manchester’s inward investment pipeline has doubled in the last 12 months.

This all has had a knock on effect for the local property market. Online property portals report that Chinese enquiries for Manchester property continues to increase as enthusiasm for the Northern Powerhouse continues to grow. Manchesters’s property market is the third most valuable in the country, according to a new study and in further research of the top 20 cities in the UK, Hometrack found that houses in the city are worth a total of £133bn. According to property advisors JLL, house prices in the North West will increase by 18.1 per cent in the next five years with growth in the region outpacing the rest of the UK.

So all looking good for “prosperous wealth” in the year of the dog for Manchester property investors.
Why not make your New Year’s resolution to look more closely at investing yourself in 2018?

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Widely recognised as one of the most dynamic and exciting cities in Europe, Manchester has undergone significant urban regeneration programmes in recent years. This has led to a thriving local economy and bouyant rental market. Manchester has now arrived on the international real estate arena as a buy-to-let property hotspot as huge numbers of young people flock to the city and increase demand for luxury city centre apartments.

There are almost 100,000 students in Manchester and the city has fast become one of Britain’s most popular destinations. According to HESA around 50% of graduates remain in the city for work and benefit from an affordable cost of living compared to London. Ranked 51st in the 2017 Economist Intelligence Unit’s “World’s Most Liveable Cities” Manchester scores higher than London, Lisbon, Prague and Moscow. This population growth underpins property prices and rental demand putting Manchester firmly on the radar for real estate investors and buy-to-let landlords.

As the UK’s third busiest airport, 22 million passengers pass through Manchester Airport every year. With direct flights to over 200 destinations worldwide, it’s the largest airport outside London and with an investment of £800m, it’s due to get bigger and better.  Manchester also has great rail connections, with three major train stations in the city centre and London just two hours away. The new High Speed Railway, HS2, will ensure improved connections to the capital and drastically reduce the journey time.

Visitors travel from all over the world come to shop in Manchester and it’s easy to see why. It offers a countless selection of recognisable international brands, combined with the best of British. The Northern Quarter boasts a bohemian vibe during the day, it transforms at night with people in search of good food, craft beer and live music. Spinningfields is host to the city’s financial centre with great places to eat, drink and shop. Capturing over 42 million annual visitors due to an ideal location at the core of Manchester’s city centre, Manchester Arndale has the highest footfall of any city centre shopping centre. New Cathedral Street is packed with style and you can find stores like Selfridges & Co, Harvey Nichols and Burberry.

Manchester in Numbers

• 140,000 work in the Manchester city centre
• 55,000 new jobs to be created in the city by 2025
• £300m invested into Greater Manchester Housing Fund for city regeneration
• £1.5b being invested to expand Greater Manchester’s metro network
• Tourism economy worth £7.5b annually
• 1.15m international visitors every year.

Buy to Let Manchester City Centre

With solid economic fundamentals in place, Manchester is attracting an ever increasing and diverse array of domestic and international property buyers looking for a fully managed investment solution in a buy- to-let property hotspot. It may be time you looked a little more closely into the real estate investment opportunities yourself…..

We are really excited to announce the submission of our planning application for our £45m landmark residential development tower at Clippers Quay at the southern edge of Salford Quays.

The luxury tower will include 216 homes spread over 34 storeys split between 54 one-bed, 152 two-bed, and 10 three-bed apartments together with a host of facilities including a residents’ gym, roof terrace and car parking.

Clippers Quay is located at the southern end of Salford Quays, close to Media City, the Lowry Theatre and Old Trafford Football Stadium. Subject to planning approval, this high quality residential scheme will take around two years to build and result in an outstanding landmark contributing to the continued urban regeneration of Manchester.

We’re going to Mipim !

We will be attending the premier international real estate event which gathers the most influential players from all sectors of the property industry for four days of networking, learning and transaction through conferences and dedicated exhibition zones.

We will be at Cannes 13-16th March so come and say hello and find out more about our plans and future development pipeline for this coming year.  We are keen to discuss potential partnerships and funding opportunities for both multi-occupier developments and PRS schemes and to explore new sales and marketing channels. We look forward to seeing you !

All on track at Halo !

Our site at Simpson St, Manchester is once again in full swing after the Christmas break as we are now enter week 40 of the 82 week programme.
The basement is now complete and the concrete frame has been extended to the ground floor level.

Metal frame and flooring to the first floor level is 80% complete and brickwork infill to the ground floor has been finished. Work now continues on the steel frame erection and frame panels and concrete infill to piles.

Halo on track for Delivery October 2018