22 Nov, 2019

Is Manchester becoming the business capital of Europe?

2019 11 22 Manchester business capital of Europe

It is no exaggeration to say that Manchester is one of the best places in Europe to do business. For example, MediaCityUK has attracted some of the biggest TV studios in the country to the Salford Quays area, including the BBC and ITV, as well as a host of others.

Now some of the largest companies in the world are making Manchester and the surrounding areas their home, creating economic growth and a feel-good factor that you’d struggle to find anywhere else in Europe right now.

The jobs, housing, cost of living, nightlife and culture in Manchester are some of the best you could hope to find across the world. In addition, the city is only going to keep improving thanks to a devolved government which is making enormous strides in improving infrastructure and transport, the city is only going to keep improving.

Tech giants moving to Manchester

It was announced late last year that TalkTalk would be moving its national headquarters to Manchester, moving almost 500 jobs to its Soapworks site in Greater Manchester after the opening of the office last year.

It has also been announced that BT will be moving the bulk of its operations out of London to save £1.5bn in costs. The destination? Manchester.

Siemens, the German technology and industrial giant, has also announced plans to relocate its UK headquarters from Surrey to Didsbury in South Manchester, with the bulk of its main operations being undertaken in Greater Manchester.

Finally, Amazon is opening its first office in Manchester, where it will create as many as 1,000 new jobs in the Northern Quarter. The UK manager for Amazon, Doug Gurr, said: “These are Silicon Valley jobs in Britain, and further cement our long-term commitment to the UK.

Gurr continued: “Manchester was at the heart of the industrial revolution and has a fantastic history of innovation. The city offers an incredibly talented workforce and a budding tech scene with some of the most exciting, fast-growing tech companies in the UK situated here.”

Business growth causing a housing market boom

Businesses moving to Manchester, and the booming population of young professionals they are attracting, are boosting demand for residential property. In particular, luxury city centre property is more popular than ever, with many homes selling or being rented immediately after coming on the market.

Deloitte’s 2019 Manchester Crane Survey shows that anticipated residential delivery over the next three years is set to exceed the previous 10 years combined, but even that won’t be enough to meet demand – and as supply falls behind, property values will keep going up; JLL’s Northern England Research Report 2019 projects further house price growth in Manchester of 15.92% by 2023

All in all, the market is growing so quickly that many people are potentially missing out on their dream home. 5-star hotel-like facilities, stylish interior design and extra services such as an on-site concierge have become standard expectations of the modern rental market, but there is a real shortage of available homes meeting these expectations. However, by purchasing off-plan – as either a home buyer or an investor – you can beat the crowds and lock in your perfect apartment ahead of time.

Oxygen, our iconic development just a short walk from both Piccadilly Station and the city centre, will be one of the city’s most desirable addresses. As well as stunning living spaces, residents of the 12 townhouses and 345 apartments at Oxygen will have access to exceptional communal facilities including a swimming pool, gymnasium and terraced allotment gardens which are designed to create a truly modern residential community in the heart of the city.

Apartments at Oxygen are available from £255k and availability is limited. More than simply a place to sleep, these homes are unlike anything else in Manchester. Don’t miss out – for more information, click here today.

Want to know more? Get in touch with our property experts today

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Alliance Investments, 21/Floor, The Centrium
60 Wyndham Street, Central, Hong Kong

+852 9244 2880

+852 9244 2880