Outside of London, the price of a Manchester city centre flat is rising the fastest
The reasons why Manchester city centre apartment prices have risen faster than anywhere else outside of London over the last five years have been revealed.
Rents are 15% higher in Manchester compared to 2019 and the city centre has seen 8,900 built to rent homes completed, the firm said. "Of course, this is fantastic news for economic growth in the region. But, the supply-demand gap continues to grow, and developers are facing a host of extra costs and regulation as renters fight tooth and nail for their dream home close to the office."
Prices for a new prime one bed flat hit £270,000 this year, with buyers paying £400,000 for a two bed and £480,000 for a three bed prime apartment.
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