Big Developments in Manchester City Centre

Big Developments in Manchester City Centre

Manchester City Centre is undergoing a remarkable transformation, with new residential towers rising at an unprecedented pace. The skyline is set to change dramatically with the exciting plans for Europe’s tallest residential tower, which will stand at a staggering 76 stories. This ambitious project is just one example of the dynamic growth and development in the area.

New build apartments in the city centre are highly sought after, with prices typically starting at £275,000 for a one-bedroom unit and £380,000 for a two-bedroom unit. Many of these apartments are sold off-plan to investors, highlighting the strong demand for modern, urban living spaces. However, while new builds offer the allure of brand-new amenities and contemporary design, resale apartments might present better value and reduced risk for investors.

Given the sheer volume of new apartments coming onto the market, it’s important for potential investors to approach with caution. The influx of new properties could lead to a saturation in the market, affecting rental yields and property values. Nevertheless, we believe that there is still a place for select city centre accommodations in a well-diversified property portfolio.

The rapid development of Manchester City Centre is a testament to its growing appeal as a vibrant and desirable place to live and invest. At Thorpe & Co Living, we stay abreast of these trends to provide our clients with the best advice and opportunities in this evolving market. Whether you’re looking to invest in new builds or consider the advantages of resale properties, we are here to help you navigate the dynamic landscape of Manchester’s property market.

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