Salford – The UK’s Property Hotspot
The relocation of MediaCity leads Salford in becoming the UK’s property hotspot.
Ever since the relocation of Media City back in 2011, property values in the Greater Manchester city of Salford have mounted quicker than in any other city in Britain since early 2014. The area has profited massively from the relocation of the BBC and other broadcasters to the riverside MediaCity development. According to the BBC “The housing plans come on top of millions of pounds of other developments pouring into the reborn city – with the city experiencing China levels of growth.”
Prosperous Salford – now labelled one of the country’s ‘key growth areas’ – is set for over 11,00 new homes after town hall chiefs approved planning permission for six residential schemes in just a couple of hours. Including our very own Bridgewater Gate and Bridgewater Point. With high demand for rental units in Manchester, Bridgewater Gate and Bridgewater Point are two high-end regeneration schemes in the heart of Salford. Located near the M602 Motorway and Cornbrook Metrolink Interchange, they are ideal for the growing population of working professionals in the city.
The city will also be looking forward to seeing new student flats and new office developments nearby. The BBC also states “An estimated £3.5bn-worth of investment in non-residential developments planned for the city over the next decade.”