The new-build sector is on the up right now with the construction industry re-starting following stagnancy in the pandemic years. If you are trying to get your first foot on the property ladder or you simply want to move to a bigger and better house, Manchester could solve your dilemma. There are more than 5,500 new-build homes and developments on sale in the UK, with over 1,000 located in either Manchester or Salford.
What are the current trends in housing?
Some estate agents have reported that new-build homes have made up almost a quarter of their sales agreed so far in 2022. This trend has been continuing for some time and according to 2021 data, there were around 645 new houses or developments for sale in Manchester. From regeneration developments to creating new sites, the building industry is getting back on track. Heating industry firm HeatingForce.co.uk looked at figures from online real estate business Zoopla and found that Manchester and Salford were among the top areas in the UK with prominent new builds. Manchester has the added bonus of being one of the fastest-growing populations in the UK, attracting young professionals and families and it enjoys an active social and entertainment scene.
What are the advantages of buying a new property?
The benefits to buying a new property are numerous. The earlier you register your interest in a particular development, the more choice you will have, and you will be able to select from the different models on offer. The attractive ten-year warranty also kicks in, giving the buyer plenty of protection and reassurance. You will also benefit from the absence of an onward chain so the transaction should be smooth and uneventful. Energy efficiency is another key benefit, with modern properties costing you less than their older counterparts as they benefit from new technology and materials. Some estimates suggest you can save more than £600 each year on home energy bills if you choose a new-build. New houses should also require less maintenance.
What should I do if I have an offer accepted?
Even if you are buying a new home, you may choose to have a house survey carried out. This will rectify any snagging issues from plumbing problems to loose sockets, poorly-fitted sanitaryware or badly-fitted doors or windows. For a building survey Manchester you can contact the professionals at firms such as Sam Conveyancing who will arrange to carry out the necessary work required.
Manchester has certainly become a property hotspot. According to the Manchester Evening News the average price of a property has rocketed in ten locations in particular where homeowners have been cashing in.
Manchester is a thriving and liveable city
Manchester has recently been named the most liveable city in the UK. It is also ranked within the top 30 most liveable cities in the world. Thanks to its thriving restaurant and café culture, stable job market and environmental initiatives, it has made its mark on the world stage. You can choose from a variety of areas in Manchester, so where you choose to live really depends upon what you feel is important for you and your family. For a more affordable living option, there are a number of attractive and vibrant suburbs, including Sale and Altrincham.