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Property Investment in Greater Manchester – A Guide by Aspen Woolf

Independent property experts, London-based Aspen Woolf dig deep into property investment in Greater Manchester. In this guide, you’ll learn all about Manchester property investment and why now is the best time to become an owner of a Manchester home.

The most recent figures from the Office of National Statistics (ONS) show Greater Manchester is one of the largest metropolitan regions in England

This region is home to some 2.8 million residents. Greater Manchester is made up of ten metropolitan boroughs, each of which offers the potential for property investment with a large number of these seeing substantial growth prices houses for sale. These are the cities of Manchester and Salford, and the towns of Trafford, Wigan, Tameside, Rochdale, Oldham, Bolton, Bury, Stockport.

Manchester Regeneration: Investments Transforming The City

A major programme of regeneration and investment for towns across the region has been underway since 2018, led by the Greater Manchester Combined Authority (GMCA). The initiative focuses on a wider approach to planning and property in Greater Manchester and represents a move away from what the GMCA calls the “developer-led, greenfield first approach of the past.”

Each council across Greater Manchester is playing their part. By bringing together public and private landowners, community groups, developers and other major stakeholders, the project focuses on unleashing the huge development potential across every town centre. The Mayor of Greater Manchester, Andy Burnham, says that the initiative is about breathing new life into the towns of the region by providing “higher density mixed and affordable housing, with local retail and leisure facilities. All of this will be supported by improved digital connectivity and transport infrastructure.”

Some of the most prominent Manchester regeneration projects are:

  1. The Northern Powerhouse initiative 
  2. St Johns development 
  3. HS2 Expansion of Manchester Piccadilly 
  4. Ancoats and New Islington Regeneration 
  5. Greengate Manchester

Why the interest in property investment in Greater Manchester is rising

Greater Manchester is such a large area and covers many important northern towns and cities. As such, the GMCA is aware that the regeneration of town centres depends on co-operation and communication. 

Multiple stakeholders are working together to make the changes needed to boost the economy and infrastructure of town centres across the region. Efforts from the GMCA, local authorities and private developers combine to push the project along. All of which is of great interest to property investors.

This “town-centre” first approach across Greater Manchester provides lots of opportunities for property for sale. A good example of the changes already made can be seen with Bury, which has benefited from a multi-million-pound investment programme. Bury’s regeneration investment has boosted the average price for a semi-detached property up to £244,452, according to data from Home.co.uk.

Greater Manchester’s town centres each have ambitious regeneration and development plans for the future. These include innovative town centre developments for affordable housing within easy reach of amenities and facilities, including business spaces, public sector hubs, event venues, cultural offerings and restructured retail spaces.

The efforts put into the regeneration have had a massively positive effect on employment opportunities, retention of graduates and the lifestyle Manchester has to offer. In addition, Machester came in 3rd place in Time Out’s best cities in the world in 2021.

manchester property investment

Greater Manchester’s Local Industrial Strategy transforms city region

The Greater Manchester Local Industrial Strategy sets out how the region will respond to technological, economic and global changes. Greater Manchester’s history of industrial innovation, economic leadership and social progress underlines its progressive spirit. And this strategy aims to raise pay and productivity across vital sections of the economy, such as tourism, hospitality, retail and social care. By setting out a plan to improve the networks, infrastructure and regeneration needed, the strategy seeks to empower the biggest asset of the region – its people.

A strong partnership between national Government and local authority leaders, the strategy is based on evidence from the Independent Prosperity Review in 2019. Working from the city region’s strong economy, the strategy lays out specific actions and long-term aspirations:

  • Make Greater Manchester into a global leader for care and health innovation.
  • Position Greater Manchester as a global leading city region for innovation, start-ups and entrepreneurs.
  • Build further on the city region’s position as a leading digital city by digitising all sectors.
  • Achieve carbon-neutral living across the region by 2038.

Further development and investment are planned for the Quays in Manchester City Centre, the industrial centres of Wigan, Rochdale, Bolton and Trafford Park and Bolton.

And if you’re interested in a luxury Manchester property, some of these properties might just be for you. Here you can find out more about the official announcement of the latest luxury apartment complex on sale.

Bolton leads the way with developments and regeneration

Bolton is another good example of a town within Greater Manchester that is benefiting from regeneration, which is having the knock-on effect of attracting property investment. Bolton is one of the biggest towns in the country and is home to a wide range of regeneration and development opportunities aimed at servicing its fast-growing population. 

Just 20 minutes away from Manchester itself, Bolton is a prime example of one of the north’s burgeoning commuter towns. And while regeneration is ongoing, house prices remain relatively low, adding to its attraction for property developers.

Average prices for semi-detached properties in Bolton stand at £216,014, offering excellent opportunities for investors before the next wave of regeneration further transforms the town. Investment is planned for five key areas in Bolton – Trinity Quarter, Coral Valley, Crompton Place, Church Wharf and Cheadle Square.

Properties for sale in Bolton

Bolton is a city whose population is constantly growing and has great opportunities for development, while the prices of properties are not as high as in some other cities.

Feel free to see on our website all properties for sale in Bolton, and if you have questions, we will be happy to help you.

 

 

There is also a strong focus on housing, as well as retail, education, office space and tourism in Bolton. A representative for the local authority says that the plan involves creating 1,800 new homes across city centre developments. The aim is to provide different housing types for every need and boost the community with sustainable long-term investment.

Some of the key areas Bolton regeneration focuses on are:

  1.  Retail,
  2.  Leisure, 
  3. Employment, 
  4. Education, 
  5. Residential and Transport

Bolton is also home to one of the north of England’s ‘big four’ universities, attracting at least 11,000 students to the town each year. Graduates often choose to stay in the place of study after graduation if they can find the job they want. And it’s these young professionals that are being targeted by the regeneration plans in the town and in the wider city region.

If you’d like to see more reasons to invest in property in Bolton, check out this article.

It’s impossible to do justice to every development and urban regeneration plan across the Greater Manchester area in this article Bolton is a great example of the changing face of the city-region as it improves infrastructure, housing and business opportunities.

The city region of Greater Manchester is burgeoning, and now is the time for investors to get involved. Over the next decade, the towns across Greater Manchester will be transformed into modern, urban centres for working, studying and living, with a lot of property for sale.

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If you are looking for new areas to invest in property and are seeking exciting locations that are well and truly on the rise, Manchester City and its surrounding towns and cities may well deliver the generous yields that you desire.
Check out our website for all properties for sale in Manchester, and start your journey with Aspen Woolf, a safe property investment. 

Properties for sale in Manchester