“Everything is going to plan…”
City centre house prices in Manchester and Liverpool are expected to grow faster than the national average over the next five years, according to a new report from JLL.
Costs in the two cities are set to increase by 16 per cent and 13 per cent respectively.
By 2020, central Manchester’s house prices are expected to rise 2.5 per cent compared with a national average of 0.5 per cent, with rental values to grow by 3 per cent.
The study suggests that price growth in the city has eased as residential development begins to catch up with demand, with Manchester city centre now closer to achieving the 3,000 units needed each year to meet the requirements of its growing population.
Meanwhile, JLL expects that central Liverpool’s house prices will rise by 2 per cent, and rents by 3.5 per cent, by next year.
Steve Hogg, lead director for regional residential at JLL, said: “Manchester and Liverpool are each defying the gloom seen in residential markets across the UK, as Brexit uncertainty has resulted in caution towards some residential investment.
“Manchester in particular is performing exceptionally well. We sold 27 city centre homes last month alone – well above our expectations considering the uncertainty around Brexit, and marking our best January for three years, illustrating the strength of demand for property in the city.
“While the sheer volume of residential development in Manchester is impressive, the growing importance of the city centre in meeting housing demand cannot be understated. The city is still facing an overall undersupply of housing, making it likely to take the top spot for price growth back off Leeds in the near future.”
Liverpool Named as one of Britain’s Best Cities – 2019
The city was named in the Telegraph’s Top 20 Travel Destinations
Liverpool is one of the best cities in Britain to visit – and here is why. Liverpool has been voted ahead of other popular destinations to explore such as Glasgow, Chester and Newcastle. Readers have been voting for the best city to appear in The Telegraph’s Top 20 Travel destinations.
After months of anticipation, Liverpool was voted seventh best.
Liverpool has climbed four places since last year’s vote, and that is not surprising after a fantastic year of events, including the return of the Giants, the Terracotta Army and the ever-improving city centre.
Explaining the result, the Telegraph wrote:
“Liverpool continues to brim with character and culture with the Terracotta Army having arrived in town at the beginning of the year”
“Also of note is the Unesco World Heritage waterfront, the Albert Dock, which boasts the Tate Liverpool and a whole host of Superlambananas.”
Just pipping Liverpool to take sixth spot was Wells – one of the smallest cities in Britain, which was applauded for its 13th century history. At number five was Cambridge, which had jumped two places from last year. Liverpool was voted ahead of its neighbouring city Chester, which came in at eighth place, while Manchester failed to make it into the top 20 at all. The best place to visit according to those who voted in The Telegraph poll was Edinburgh.
The Scottish capital has stayed top of the board for five years now due to its history-soaked medieval tenements and compellingly beautiful sights. Earlier this year, Liverpool was named one of the best places to visit in the world and was highly commended on Trip Advisor. Online review giant TripAdvisor voted Liverpool as the third best city to visit in the UK – and the best city in England outside of the capital.
TripAdvisor says: “Liverpool’s fortunes have historically been tied to shipping.
“But imports and exports like sugar, spice and tobacco pale in comparison with Liverpool’s most famous export of all — The Beatles.”
“Relive the hysteria at The Beatles Story Experience, and check out Paul’s childhood home, but also leave time for exploring Liverpool Cathedral and the Walker Art Gallery.”
Britain’s best cities – the full top 10 in the Telegraph