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Manchester Property Market Set For A Boost

While it may be doom and gloom in many regional property markets around the UK, the signs for various regions on the outskirts of Manchester are looking a little rosier today. The government has announced plans to increase the scope of the City’s tram system and extend the service to Chorlton, Rochdale and Oldham. This is on top of the Droylsden extension which has already been approved with funding confirmed.

The original tram service stretched from Altrincham to Bury although there have been major changes over the last few years. The ability to literally jump onto a tram and ride into Manchester City centre for a nominal fee has seen many new housing developments spring up along the tram line. A number of property developers have already come forward to confirm that they will be looking to develop the areas surrounding the proposed extensions to the service.

Accessibility is the key word with any property market and the fact that commuters will have easy access to the City centre is sure to increase demand for property in the area. Manchester has been something of a gold mine for property developers over the last few years with much of the City centre and surrounding areas undergoing total revamps.

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