Manchester remains the No.1 UK city on the Economist Intelligence Unit’s annual Global Liveability Survey for the 9th consecutive year, trumping London and underlining a continued demand by people to live and work there.
Manchester has once again clinched this year’s No. 1 spot of Most Liveable City in the UK, for its ninth year running.
The Economist Intelligence Unit’s annual Global Liveability Survey rated 140 of the world’s largest cities based on factors such as education, social stability, education, infrastructure and access to healthcare.
The survey paints a picture of the appeal and desirability of Manchester as a place to live and work.
Manchester outperformed London, which placed 10 places lower in rank. It has come out top every year since the survey began in 2011, and its ranking has improved by 13 places over the last five years despite concerns about global issues such as Brexit.
Tim Newns, CEO of MIDAS, Greater Manchester’s inward investment agency, said the achievement was “fantastic” as liveability plays a key role in a firm’s investment-making decisions.
He said: “We have recently seen an increasing number of London-based companies relocate to or expand into Manchester – and the city region’s outstanding quality of life offer is regularly cited as a key driver for doing so.
“It is this offer, which includes incredibly strong career prospects, high-quality affordable housing and an excellent cultural and entertainment offering, that enables us to continue attracting world-leading companies and talent to Greater Manchester despite economic uncertainty; and that assisted MIDAS in supporting the creation of a record number of jobs — 4,380 — for the city region in the last financial year.”
Manchester Also No. 1 City for Business
Manchester also came out top of the Best Cities in Britain for Business, as judged by a panel from Management Today.
“Successful cities today are those offering businesses access to knowledge, in terms of workers, clients, collaborators and competitors,” said one of the judges, Paul Swinney from the Centre for Cities.
“Manchester in particular is increasingly doing this, and we see the results in terms of the types of businesses now locating there, especially in its city centre,” he said.
Between 1996 and 2016, Manchester’s economy doubled in size, with several major global businesses opening offices and headquarters in the city. Coupled with Manchester’s renowned social and cultural scene, the city is a popular choice for people looking to relocate from the capital.
The thriving job market is causing a rise in demand to live in the city centre, outpacing the level of accommodation supply. Manchester’s population is currently rising at 15 times the rate new homes are being built at, with residential housing delivery only set to meet 25% of annual demand by 2022.
With this rising demand, landlords who own property in Manchester city centre can expect good rental yields and capital growth for the foreseeable future.
One of these developments, Elizabeth Tower, is sure to attract young working professionals with its great location, within walking distance from the city centre. Phase 1 has almost sold out and Phase 2, currently pre-launching worldwide, is selling fast!
If you’re looking for investment opportunities in Manchester or the other cities in the UK — contact us at firstname.lastname@example.org, (+65) 3163 8343 (Singapore), 03-2162 2260 (Malaysia), or fill out the form below for more in UK Property Investment!
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