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New Infrastructure Driving Flourishing Manchester Property Market
Manchester based full service law firm JMW Solicitors LLP have found that residential property sales in Greater Manchester have risen by 15 percent in the past year, with areas surrounding the recently extended Metrolink line proving popular.
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JMW’s residential conveyancing team, led by Andrew Garvie, analysed data from both 2013 and 2014 and evaluated the number of house sales across Greater Manchester, which indicated that M1, M3 and M4 postcodes proved to be some of the most desirable.
Results showed that Ancoats, Manchester City Centre, Sale, Didsbury, Prestwich and Wythenshawe were amongst the biggest leaders in terms of year-on-year sales increases, with each of these growth areas now connected with the Metrolink line.
Andrew Garvie, Head of Private Client at JMW Solicitors LLP, commented:
“It’s extremely pleasing to see property sales continuing to rise in Greater Manchester, especially given the note of caution still felt throughout the UK. The 15 per cent rise in sales shows that there’s increasing consumer confidence in our local area.”
“With the Metrolink now spanning even further, following the recent Manchester Airport expansion, we may see further investment in the areas that are already popular. The construction surge we are witnessing in the city centre only adds to our belief that now is a good time to be living and working in the Manchester area.”
Councillor Andrew Fender, Chair of the TfGM Committee, said:
“With three new tram lines opening in 2014, Metrolink is now connecting more people with more places than ever before – making it easy to get to employment and leisure opportunities across Greater Manchester.
“Metrolink offers excellent, direct links to the city and further afield, making the areas it passes through popular with homebuyers.
“With 15 new stops along the recently opened line to Wythenshawe and Manchester Airport and a major expansion programme ahead of us, I’m sure this trend will continue.”
The nine postcodes with the biggest year-on-year rise in sales were in M3, M22, M25, M33, M34, SK3, SK5 and SK8.
Notes to Editor
JMW Solicitors LLP is one of the leading Manchester law firms and offers a broad range of legal services to both commercial and private clients. We are committed to providing legal services in a cost effective and timely manner.
Metrolink, now the largest light rail network in the UK, covers almost 60 miles, with a fleet of close to 100 trams running to 92 stops across Greater Manchester. More information is available at www.metrolink.co.uk.