The Manchester and Liverpool region has ranked in the top 10 places in the world for its startup environment. In the report by Startup Genome, the north-west of England placed ninth out of 270 places when looking at the best locations for startups across the entire globe. As you can see, property investment companies are having a great impact.
Manchester-Liverpool scored highly for performance, local talent, funding and market research. The area is well-placed for a strong post-covid19 recovery and should be a focus for property investors and property investment companies alike.
Property investment companies – Why they choose Manchester & Liverpool
The north-west region performed well in all areas of the report. In the global rankings, Manchester-Liverpool beat other major international cities like Dubai, Moscow and Hamburg.
Manchester-Liverpool placed fifth out of 38 in a list of the top emerging locations in European cities. It was second only to London in a list of the best UK locations for startups.
As a result of the region’s high concentration of venture capital, successful research hubs, and concentration of STEM graduates. The north-west’s startup economy is worth an estimated $9.2billion.
Tim Newns, CEO of MIDAS, Manchester’s inward investment agency, said: “This report demonstrates how well Manchester is perceived globally and as we build back better it will be the entrepreneurs and start-ups grown and attracted here who play a key role in shaping the future of our region.”
Furthermore, the startup culture in Manchester and Liverpool continues to grow, property investment companies will be turning their sights ever more to these cities.
Manchester is has a highly ranked economic potential. Recently, it was placed fifth in the Financial Times’ fDi European Cities and Regions of the Future 2020/21 report for best-performing cities of the future.
The city also has the ninth largest economy in Europe. With a GVA of around £62.8billion and more than 1.3million people in employment. Manchester and London are the only two UK cities to appear in the top ten. With 40% lower operating costs than London; it is easy to see why there is so much potential in the north-west.
Resilient housing market
Following the global coronavirus pandemic, Manchester’s property market underwent a very strong recovery. Both the sales and rental markets in the city are thriving. With low house prices, strong rental yields and high demand, it is one of the best places to be a buy-to-let landlord.
Property investment companies are focusing more on the Manchester-Liverpool region too. The property markets here are moving quickly to try and keep up with demand. In fact, the number of property schemes set to complete in Manchester this year will likely beat the 2019 record.
Property investment companies are here to help – Contact us
To find out more about buying property in the Manchester-Liverpool area or anywhere else in the north, contact the region’s top property investment company North Property Group today.