Manchester’s commercial property market is strong | 1 July 2011
An expert has claimed that the commercial property market in Manchester is currently very strong.
Alan Forsyth, a property expert, made the claim after the BBC took the decision to move its ubiquitous Television Centre from London to Salford.
Forsyth argued that this is a clear indicator of how strong Manchester’s commercial property market is. This could mean even more investors are attracted into the area, he added.
The expert told B2bmortgage.co.uk: “Certainly, we believe our high-yielding properties…are head and shoulders above similar developments in any other major city.”
He wasn’t the only industry insider to make such a claim, as recently, fellow property specialist Richard Horner told the “cheaper prices” on offer in England’s northern band made it a much more attractive area for commercial property developers.
He suggested that the more economical prices may also encourage investors residing in the South to consider moving North for business purposes, Safestore.co.uk confirmed.
Both Forsyth’s and Horner’s comments came shortly after results were released regarding the uptake of commercial space within Manchester. They revealed that in the first quarter of 2011, there was a 200 per cent rise in the amount of property deals made in the area.
Written by Deborah Bates on behalf of Qube Global Software
While posted by Qube Global Software all views expressed are not necessarily those of the company. All facts are verified where possible directly by the author.
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