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    • Deal Finding

    Crane survey - Manchester - over-saturation?

    Replies 3 Views 550 Activity 5 days ago Users 4
    Go to first unread post
    Vanessa Warwick 7 Feb at 11:13



    The latest annual Deloitte Crane Survey shows record breaking residential development in an area covering Manchester city centre, the northern and southern fringes of the city and the area of Salford directly over the river.

    In total, there were 31 schemes completed in 2018 comprising 16 residential developments, six offices, five hotels and two educational facilities.

    Overall, the total number of schemes in construction grew by 34% when compared to 2017 – demonstrating that the strength of the region is not confined to only one or two sectors. Instead, Manchester is becoming a modern, metropolitan city in which whole new mixed-use neighbourhoods are being created.

    Almost 14,500 residential units were under construction across 2018 – more than double the number of units which were under construction in 2016.

    ​Furthermore, the anticipated level of residential delivery in the next three years is due to exceed the previous 10 years combined.

    Full/source article 

    Could over-saturation be on the horizon as well as all those cranes?!

    SEE ALSO  -          Buy to let in Manchester

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    Vanessa Warwick Landlord and Co-Founder of PropertyTribes.com **If you have got value from Property Tribes, find out how you can support it in remaining a free to use community resource**

    OneandOnlyProCommunityAmbassador 12 Feb at 11:47

    Interesting read Vanessa!

    Did not know that so much was being built in Manchester, and we will have to see about whether it becomes over-saturated.

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    Transparency notice: OneandOnlyPro is a commercial partner of Property Tribes.
    Adam_ 12 Feb at 19:39

    I thought the crane count was a positive factor - it certainly was when it was mentioned in London a few years back iirc?

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    Alison King 12 Feb at 22:51

    I see the cranes as a good thing. Manchester is being sexed up as a great place to be and the population will carry on growing and will find plenty of jobs. Most of the property being built is offices or fabulous city centre flats which are fine for people with no kids. This is all great news for me as my historic terraces are very affordable and I allow dogs. I'm becoming a niche.

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