5 Things to know about the Manchester Housing market exploding

Do you live in Manchester or are planning on buying a home there? If the answer’s ‘yes’ then you ought to know more about the latest housing trends.  It definitely pays off to be a little bit more educated especially since it can lead you to getting a better deal on your house. Rest assured, we’ve taken it upon ourselves to do get the job done for you.

Here are a couple of things you need to know:

1. Manchester has been dubbed the ‘most liveable’ city

If you lie in the city, you’ll be pleased to know that Manchester has been crowned as the most liveable city in Britain. It’s quite possible that the city will retain this title for many years to come as Brits claim that they wouldn’t want to live anywhere else.

However, on a universal scale, we don’t have much to be proud of as according to the Economist, Machester happens to be ranked 51st place in the best places to live.

2. 14,400 residential units to be built

The housing boom is real and it’s bound to speed up construction. It is said that around 14,400 residential houses are likely to be built over the course of three years. This number is said to exceed the number of houses built in the last 10 years.

According to experts, about 90% of these apartments will be sold off to investors instead of being owned by occupants. It is predicted that investors will sell these apartments a couple of times.

3. Loft conversions can increase house value by 20%

In case you haven’t yet, loft conversions can increase the value of your home by 20%. As it turns out, home buyers are likely to pay more for added living spaces. Plus, wouldn’t you want to fulfil your dream of setting up a home office or perhaps using the area for added storage? If that sounds like a plan, then companies like Loftera can help you.

A loft conversion is one of the easiest ways to boost the value of your home without causing too much disruption to your added living space.

4. Hiring an interior designer maybe the way to go

If you’re not too keen on renovating yourself, hiring an interior designer like Claire Davies Interiors may be your best option. Let’s face it, a high percentage of the housing market is driven on aesthetics. Getting a professional’s insight may help you get more than your money’s worth.

Plus, you can always throw in your input and be as involved as you want in the process.

5. Prices are definitely going up

Good news for home owners, prices are definitely going up in Manchester and are likely to keep increasing. While this may have home owners thrilled, young buyers are finding it more difficult to settle down.

So there you have it, these for some of our top insights for this year. Is there any wisdom you’d like to throw our way? Let us know in the comments section below.