In a three year interval, between July 2014 and July 2017, UK property values took a decided leap for the positive. However, although there was a 30% increase in home values in the UK for that specific period, what’s perhaps even more intriguing is that Manchester properties in specific beat the national average by nearly 5%. This could be a reflection of the area’s robust economy. Manchester has a goodly number of the Financial Times Stock Exchange 100 top-listed companies making their home there.
For those that own a property in Manchester, the news is good. Their property is slated to keep its worth and possibly even accrue more, as Manchester’s strong and well-diversified workforce isn’t likely going anywhere. For those thinking of selling in the next few years, it’s always wise to consider refurbishments, eye-catchers; like a paint job, landscaping, or possibly a new door.
- Between July of 2014 and July of 2017, home values in the UK took a decided swing upwards.
- Home values went up by 30%, but homes located in the Manchester region went up significantly more, in total 34%.
- The Manchester uptick in home values is considered a reflection of Manchester’s well-diversified workforce and robust economy, including its high percentage of FTSE-100 listed companies.
“The report expects Manchester to continue to outperform the national average for the next decade, suggesting that the city’s good fortunes are no fad.”
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