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Yes, the analysis of Manchester's property market is included in our pack
Thinking about buying a 3-bedroom apartment in Northern Quarter? It’s a vibrant area, but you're probably wondering: is now the right time to buy, or should you wait for prices to drop?
And what about long-term investment—should you look into other neighborhoods like Didsbury or Chorlton where property values might appreciate more over time?
In this article, we’ll answer these questions. We know this market quite well - and we have put all our knowledge in the Manchester Property Pack.
Will property prices increase in Manchester in 2025?
Yes, property prices in Manchester are expected to rise in 2025, driven by a combination of strong demand and ongoing urban development projects.
Backed by our fresh, in-depth market analysis, we’re confident that Manchester remains a key city for both domestic and international investors.
While there are challenges like economic uncertainties and potential interest rate hikes, the main drivers behind Manchester’s price growth are robust and persistent.
The city’s appeal as a cultural and economic hub continues to attract buyers, and the demand for housing in central and emerging areas remains high.
Signals pointing to a property price increase in Manchester
Here are some factors suggesting prices could increase:
Manchester's ongoing urban regeneration projects, such as the Northern Gateway and the continued development of MediaCityUK, are expected to enhance the city's appeal and drive up property values in surrounding areas.
The city's strong job market, particularly in sectors like technology and finance, continues to attract professionals, increasing demand for housing and supporting price growth.
Manchester's growing reputation as a cultural and educational hub, with its universities and vibrant arts scene, is drawing in students and young professionals, boosting demand for rental and purchase properties.
Transport infrastructure improvements, including the expansion of the Metrolink network, are expected to improve connectivity and make suburban areas more attractive, potentially increasing property values in those regions.
The limited availability of new housing developments in central Manchester is likely to keep supply tight, supporting price increases as demand continues to outpace supply.
Signals pointing to a property price decrease in Manchester
Here are some factors suggesting prices could fall:
Economic uncertainties, including potential impacts from Brexit and global economic conditions, could affect buyer confidence and slow down the property market.
Rising interest rates could make mortgages more expensive, potentially reducing the number of buyers able to afford property in Manchester, especially among first-time buyers.
Inflation and increasing living costs may strain household budgets, leading to reduced demand for property purchases as people prioritize essential expenses.
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If property prices go up in Manchester, how much would they increase by?
If real estate prices in Manchester were to rise in 2025, the increase would likely be below 4% of their 2024 values.
Typically, real estate in stable, mature markets like Manchester appreciates by approximately 1% to 4% annually over the long term. However, fluctuations can occur depending on factors such as region, season, and property type.
It means that, if you spot a charming 2-bedroom apartment in the Northern Quarter for £250,000 today, don't be surprised if it's priced between £252,500 and £260,000 this time next year.
To give you a better understanding, here is a table that shows 7 types of Manchester real estate properties, their estimated prices in 2024, and projections for 2025 based on potential price increases of 1%, 2%, and 4%.
| Type of Property | Average Price in 2024 (£) | Price in 2025 (1% increase) | Price in 2025 (2% increase) | Price in 2025 (4% increase) |
|---|---|---|---|---|
| Victorian Terrace (60 sqm / 646 sqft) | £300,000 | £303,000 | £306,000 | £312,000 |
| Modern Apartment (75 sqm / 807 sqft) | £400,000 | £404,000 | £408,000 | £416,000 |
| Luxury Penthouse (100 sqm / 1,076 sqft) | £800,000 | £808,000 | £816,000 | £832,000 |
| Studio (30 sqm / 323 sqft) | £150,000 | £151,500 | £153,000 | £156,000 |
| Loft (80 sqm / 861 sqft) | £500,000 | £505,000 | £510,000 | £520,000 |
| Townhouse (150 sqm / 1,615 sqft) | £1,000,000 | £1,010,000 | £1,020,000 | £1,040,000 |
| Investment Property (50 sqm / 538 sqft) | £250,000 | £252,500 | £255,000 | £260,000 |
Everything you need to know is included in our Property Pack for Manchester
If real estate prices go up in Manchester, which areas are likely to see the biggest increases?
Today, people who want to move to Manchester want the charm, but they also want modern conveniences and vibrant social scenes, which Northern Quarter delivers. Hence, we could see a price increase there in 2025.
Also, lately, there's been a shift toward more youthful, vibrant neighborhoods, and Ancoats has really taken off.
We like it when information is clear and easy to digest. So, here’s a table that highlights the areas where prices might rise the most, along with the reasons behind those expected increases. It’s very high-level. If you want more details on a specific area, please check our real estate pack tailored to the Manchester market.
| Neighborhood | Level of Increase | Why |
|---|---|---|
| Northern Quarter | High | Recent development of luxury apartments and its increasing appeal to young professionals and creatives, driving demand. |
| Spinningfields | High | Expected rise due to limited office space, upcoming commercial projects, and growing demand for prime properties in central Manchester. |
| Castlefield | Medium-High | Ongoing gentrification and new transport links, along with several planned redevelopment projects in the area, are likely to push prices higher. |
| Salford Quays | Medium | The shift towards hybrid workspaces is driving demand for residential properties near business districts, combined with new mixed-use developments. |
| Didsbury | Medium-High | Eco-friendly urban projects and recent construction of new schools and parks are increasing its attractiveness for families, pushing prices upward. |
| Chorlton | Medium | Investment in local infrastructure, such as the extension of tram lines and renovation of historic areas, is boosting long-term value. |
| Ancoats | High | Upcoming large-scale urban regeneration projects and improved public transport access are expected to make this area more desirable. |
| MediaCityUK | Medium-High | Its proximity to Manchester, along with new office and residential developments, makes it increasingly attractive to professionals seeking more space. |
| Hulme | Medium | Gentrification and cultural regeneration projects are attracting new residents, leading to rising prices as the area becomes more fashionable. |
| Deansgate | High | As new luxury developments are launched, demand for premium housing among wealthy buyers is expected to further increase property values. |
| Victoria | High | Upcoming restoration of historic buildings and high-profile cultural projects are driving a renewed focus on this central, historic location. |
-The best areas to buy a property in Manchester
If I'm looking to invest in real estate, what types of properties should I focus on for the best value appreciation?
In 2025, Manchester real estate trends focus on tech-smart, energy-efficient apartments, larger suburban homes for families, properties with outdoor spaces, and eco-friendly buildings—all driving higher demand and prices. Here is a summary.
- Tech-Equipped and Energy-Efficient Apartments:
Driven by remote work and sustainability trends, these homes offer smart technology features and energy-saving systems. They cater to young professionals and tech workers, making them a hot commodity in 2025.
- Family-Sized Apartments in Suburban Areas:
With a growing demand for larger living spaces, especially among families, suburban areas near Manchester are seeing increased interest. Proximity to green spaces and schools is a major factor driving value.
- Properties with Outdoor Spaces:
Post-pandemic, outdoor spaces like terraces, balconies, or gardens have become highly desirable. In dense cities like Manchester, these features offer a much-needed escape and are likely to drive up property values.
- Eco-Friendly Buildings with Low Carbon Footprints:
Manchester's commitment to sustainability is boosting demand for eco-certified buildings. Buyers are increasingly valuing properties that align with the city’s green goals, leading to price appreciation in this category.
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