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Manchester Property Markets Still Highly Demanded, Despite 9% Price Increase

Published: 31st October 2016

Manchester Property Markets Still Highly Demanded, Despite 9% Price Increase

Manchester has been regarded as one of the most popular cities to live in within the UK. Statistics have shown it takes 91 days, on average, to sell a property in the UK. However, properties in Manchester are being sold two weeks quick than the national average, with them selling in just 77 days.

Despite the recorded 9% price increase on housing in Manchester, the city is seeing a 22.7% year-on-year decrease on the time spent on the market. This means house prices are selling at a quicker than what was recorded in 2015.

Statistics have also shown purpose-build properties can be let in under an hour, with estate agents estimating over 2,000 potential tenants to 130 properties. This is broken down in to 15 potential tenants to every available development to rent, which indicates a high demand for buy-to-let properties in Manchester.

Take a look at our portfolio of properties for sale in Manchester, and contact us on enquiries@pureinvestor.co.uk for your free online information pack. Or call 0161 337 3890 to talk to a member of our consultants’ team about our array of developments.

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Pure Investor - Property Investment