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Manchester’s economic boom

Manchester student property investment“Manchester remains a place where people want to live work and invest.” – The leader of Manchester City Council Sir Richard Leese has stated upon release of the annual ‘State of the City’ report.  He has been left feeling optimistic about the future of one of the largest student hubs in the UK. Confident that the city is set to expand even further financially over the next 10 years, the city council leader says things are looking bright for Manchester and its surrounding areas.

The latest ‘State of the City’ journal has indicated that Manchester is an up and coming location in the UK. The financial position of the vibrant city has steadily increased over recent years. The latest available figures from 2012 show that the economic output increased by 3% on the previous year, reaching £34.8 billion.

This large increase in the value of goods and services is due to major investments within the city, supporting projects that will promote Manchester such as the “One North” plan. More positive news for residents is the boost in job numbers; this is directly related to the growing number of businesses based within Manchester over the past 10 years.

An economic serge will attract even more new residents, particularly students searching for an area to study and live in. The ‘State of the City’ report shows potential students that the North West is the place for them and that Manchester is a promising city with a range of different part-time and graduate job opportunities.

With 87,776 students studying at Manchester and Salford universities  student accommodation is in higher demand than ever in the North West. If you are looking for an investment opportunity within student accommodation please do not hesitate to contact the Mistoria Group. We will be happy to discuss the range of different investment options we have to offer you.

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