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Manchester top UK property hotspot for the next decade

The city of Manchester has been named the UK’s best property hotspot in a new survey.

Manchester Number One Up-and-Coming Property Market

The city of Manchester has been named the UK’s best property hotspot in a new survey.

Conducted by online estate agency HouseSimple, the research analysed the UK’s towns and cities to establish which ten locations have the greatest potential for property price increases over the next decade.

The north-west city, already tipped for excellent growth by a number of prominent sources, came top of the survey, with the continued economic growth of the region and its continued low city centre prices cited as the main reasons behind its position.

UK Top 10 Up and Coming Property Hotspots

The survey factored in a range of variables to reach its conclusions, with everything from the age of the population, the number of estate agents in the area and the leisure and retail centres available all taken into consideration.

A spokesman for HouseSimple said: “With property prices in London reaching an extortionate high, investors are beginning to look to other areas of the country to dip into.

“With the average UK home now valued at £204,674, and with house prices rising, buyers could potentially buy cheap in these up-and-coming areas and watch the value of their property grow quickly over time.”

Manchester is already set to undergo a significant amount of investment as a part of the Government’s Northern Powerhouse programme, which will see £7 billion pumped into the Greater Manchester region.

With the area’s property market already predicted to see extensive growth over the coming years, the additional funding for the region is excellent news for those looking to invest in property in Greater Manchester.

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