Manchester home prices prime for first-time buyers

Posted 2008-02-11

According to Savills, although house prices in London may be expensive they are not so in Manchester, making it an ideal location for those looking to own their first home. Real Estate in the city centre is available for a mortgage of around £100,000.
“There is a lot on offer. The market is going through a little blip at the moment but as far as property prices go, I think they are quite fairly priced in Manchester. A one-bedroom apartment is still quite affordable and that’s city centre living that you wouldn’t get in London,” stated Tom Rogers, residential investment consultant at Savills.
Rogers also emphasized that growth in the city is ‘significant’ over the last few years and it is ‘still growing.’
Manchester is a vibrant city with plenty of activity to attract new residents- according to Savills. First-time home buyers are encouraged to consider Manchester when shopping for their home.
Adding to the expansion of their city, Manchester has ear-marking £4.9 billion towards construction projects over the next ten years, according to ManchesterFacts.com.

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