Manchester's city center population is 600,000. Manchester's population has grown at twice the average growth rate in the UK over the last decade. According to this serious growth rate, the city center population is expected to increase by 10% by 2025.

Economic forecasts show continued growth with 65,000 additional jobs over the next decade. Total employment in the City Center is expected to increase to 315,000 by 2040.

Manchester is also home to the UK's largest university and one of the largest student populations in Europe. 100,000 students currently live and study in Manchester. The 50% employment rate in the same city after graduation, second only to London, ensures a steady supply of skilled labour.

Manchester continues to lead, benefiting from significant investment in infrastructure and regeneration.

All six major cities have seen their economies grow in the last decade. Gross Value Added growth, which measures the increase in the value of goods and services, has increased by 14% or more across cities over the past decade. Manchester continues to lead, benefiting from significant investment in infrastructure and regeneration. Over the same period, the size of the working population also increased in all six cities; all experienced higher growth than the UK average of 3.8%. Gross Value Added growth, which measures the increase in the value of goods and services, has increased by 14% or more across cities over the past decade.

In the same report, among the cities where the working population increased the fastest, Manchester was reported as the region with the fastest increase in the working population in England in the last 10 years, with a very high difference.

Qualified House Price Increase in Manchester was measured as 6% annually.

The JLL Big Six Housing Development Report compares activities, prices and rents across six cities across the UK. Report; Apart from London, it covers 6 cities: Birmingham, Bristol, Edinburgh, Glasgow, Leeds and Manchester. This report includes data from the JLL UK Cities index, comparing changes in prices and rents to highlight mainstream and important developments in each city. 

What does the JLL Big Six Housing Development Report data reveal?  

In most cities, the premium new-build market performed better; This reflects the quest for quality and the ongoing desire for extremely comfortable, high-spec new homes in central locations. 

Manchester continues to rise rapidly.

Rapidly rising luxury housing value and rent increases in Manchester! 

According to JLL's 2023 – 2024 Winter Research Report, the annual increase rate of standard-specification residences across Manchester was calculated as 1.6%, while the increase rate of luxury (prime) residences was recorded as 6%. This rate increased to 9.9% in luxury 2+1 residences.

According to the same report, the annual rent increase rate was measured as 12.2% in standard-featured residences, while it was calculated as 18% in luxury residences. The rent increase rate in 2+1 luxury residences was recorded as 22.7%. Based on this, we can easily say that luxury (prime) residences offer better returns instead of standard-featured residences.

The Financial Times reported that the average price per square foot of completed homes in Manchester's major postcodes (M1, M3, M4 and M15) rose by 42% between January 2019 and January 2023. Price growth across the North West was 7.2%, eclipsed by London's 3.2%

Manchester experienced the biggest increase in housing numbers last year.

All six major cities experienced a gradual increase in rental housing available on the market. On average, rental stock on the market was 17.4% higher year-on-year in Q4 2023 across these 6 major cities; but it had a historically low base. Manchester experienced the biggest increase in housing numbers last year.

You can review the source report here.