Residential Development Returns To Manchester City Centre

Following the promising shoots of recovery observed in Deloitte's last Crane Survey, its 2016 report has demonstrated the city region's investment appeal with a return to pre-recession construction levels.

In particular, this year's results show the formation of new, viable neighbourhoods throughout Manchester, with more homes, bars and restaurants enlivening the city centre following the post-recession slowdown. Residential construction figures have returned to the highest level since before 2008, and are almost double those reported last year, with 2,982 units currently underway.

It is also important to note that funding from The Greater Manchester Housing Fund, which will offer £300m over the next ten years, has helped to assist in the completion of 744 units within the study areas since its inception.