Manchester: the ‘Northern Powerhouse’

Unless you have been in a cave for the past couple of weeks, you can’t have failed to notice the General Election frenzy in the UK and the fallout from the results.

Whether or not you agree with the decision that has been made, one thing is for sure: the concept of the ‘Northern Powerhouse’ has really exploded, having been all over the news.

Why is it important, we hear you say? Well, arguably, the Northern Powerhouse refers to Greater Manchester, the business hub of the North that is set to be given increasing powers to govern itself, including a new mayor and greater control of finances.

Although the ‘Northern Powerhouse’ concept includes other big business locations outside of London, there is little doubt that Manchester is being positioned as the central hub. Government members – including the Tatton MP and re-appointed Chancellor, George Osborne – have visited the city in recent months to make important announcements about the devolution of powers to the North and many southern businesses are opening up new branches in the area.

So what does this mean for Manchester property? Well, increasing business interests in the region can mean only one thing: a greater demand for accommodation – both commercial and residential. Indeed, property development is booming in the city, with demand continuing to outstrip supply. This was demonstrated recently when we brought Finlay’s Warehouse to market and sold every unit bar one within half an hour!

The future’s bright for Manchester – and Government backing of the region can only be a good thing for those involved in the property market.

Are you looking to invest in Manchester? Browse our property pages to find out about the new-build and resale properties that we have on offer.