Flats for Sale: Manchester City Centre Property Market Trends
The COVID-19 pandemic has, not surprisingly, caused UK property prices to flatten out over the past year. But what lies ahead for the property market in Manchester city centre over the next couple of years? Jones Lang LaSalle’s Residential’s UK Residential Forecasts 2021 report suggests that, by 2022, the downward trend in house prices will have been replaced by a strongly growing market. Read on for flats for sale in Manchester City Centre.
Although price drops are expected to be seen in some areas of Manchester, falls in city centre property values are expected to be short-lived due to an expected increase in demand for urban living space. Although prices are expected to remain quite flat throughout 2021, the report predicts a 2.5% Year on Year growth during 2022, rising to a 5% Year On Year growth by 2025.
However, the impact of COVID-19 means that the confidence of housebuilders to start new projects is likely to be low for the next few years. This will lead to even more limited availability of new build homes and flats for sale in Manchester city centre.
Despite the end of the stamp duty holiday and the furlough scheme one month later, Help to Buy has been redesigned for first-time buyers which should offer them some relief.And, for those who want to buy a city centre base now, the predicted upturn in property values should give them some confidence that they’re likely to benefit from increased property values.
As we all know, location is everything when you buy your own property - and there’s no better location for flats for sale in Manchester city centre than Castlefield. This vibrant area is surrounded by waterways and beautiful scenery yet is only a short walk from the buzz of Manchester city centre. Residents benefit from a 10/10 rating on the Healthy Living Index with an equally high score on the Neighbourhood Retail Diversity Index because they live in an area surrounded by greenery with all the benefits of city life on hand.
Located in Castlefield, Potato Wharf. offers residents the best of urban living. It has excellent transport connections - Deansgate Castlefield Metro Link is only 500m away and Spinningfields can be reached on foot in just 5 minutes. And MediaCityUK, Manchester Airport, and the Trafford Centre can all be reached in just half an hour. Potato Wharf also offers private parking if you need it, with electric car charging stations and a dedicated cycle space for every home.
But if you want to escape the city, living at Potato Wharf means the opportunity to exercise or relax in green space is right on your doorstep. If walking’s more your thing, you can wander along the nearby canal routes to enjoy the scenery and soak up the natural beauty around you. The final phase of the development will be released in Spring/Summer 2021. Want to find out more? Register your interest to find out when we will launch.