Manchester's house prices as a whole, have risen by 3.4% in the last three months according to the House Price Index, because of record low mortgage rates and the attractiveness of affordability here in Northern England. That's more than London who managed just 2.1%.
As an office we are situated within SK8, Cheshire, but we are on the border between Manchester and Cheshire and i'm therefore confident there will be a domino effect. Further, our friends in M22 and M23 have always been kind enough to ask us to market, let and sell their properties; so, we're keen to let you know about how this area is performing as well. Moreover, Alec Herron at Manchester Confidential reported that Wythenshawe's M22 postcode was second only to only to London's Chelsea in property price growth nationwide last year.
Further with its enviable transport links, (apparently the area is also favourite to gain the second Manchester HS2 Station) as well substantial regeneration; I would encourage everyone to set their Rightmove Property alerts to cover this area as well.
What's more, the Bank of England's Chief Economist admitted last week, that it's perhaps wiser to invest your money in property, rather than a pension. Whilst, its personal preference and of course the best solution might be to do a bit of both(or win the lottery!), it's worth reading what he said when asked whether to invest in pension or property;
“It ought to be pension but it’s almost certainly property. As long as we continue not to build anything like as many houses in this country as we need to...we will see what we’ve had for the better part of a generation, which is house prices relentlessly heading north.” Andy Haldane, Chief Economist, Bank of England.