A recent survey highlighting the amount of residential developments being built across Manchester demonstrates the strength of the regional property market, according to Prospect Homes.
The annual Deloitte crane survey shows the current number of developments under construction in the city is at its highest level since 2008, reflecting the resurgence of the overall property market in the area.
The government’s £300 million housing scheme, which has been loaned to developers across Greater Manchester to help meet the demand for new homes in the region, boosted construction levels, with almost 7,000 residential units now currently being built in the city alone.
Simon Bedford, Head of Deloitte Real Estate in the North West, said: “Our latest crane survey results are a reflection of Manchester’s growth and resurgence.
“While we cannot be certain how these factors will continue to manifest themselves in the years ahead, there is real cause for optimism in Manchester.”
Regional housebuilder Prospect Homes believes the result of the survey proves the current strength of the housing market across the region.
Christine Kynaston, Sales and Marketing Director for Prospect Homes, said: “The city of Manchester, as per much of the North West of England, has seen unrivalled levels of new homes being built to meet the demand of buyers.
“We have seen visitor levels remaining consistent at all our live sites for a sustained period of time, with buyers safe in the knowledge that they don’t have to compromise on quality to take a step onto or up the property ladder.
Prospect Homes is currently building developments across the North West, including in Manchester, Rochdale, Gisburn and Shavington.