Article Summary

HS2, the company responsible for constructing Britain’s new high-speed railway, has confirmed that a second set of suggested changes to the High Speed Bill, has been introduced to Parliament.

This AP2 keeps it on track to open the Crewe–Manchester extension between 2035 and 2041, guaranteeing that zero-carbon rail services extend to Manchester’s two new dedicated HS2 stations at Manchester Airport and Piccadilly.

Head of Consultation and Engagement for HS2’s Phase 2b programme Stephen Smith, said: “Extending the HS2 network to Manchester will vastly improve connectivity between the UK’s major towns and cities, while freeing up vital capacity on the existing rail network for more local and regional rail services.

The recent confirmation of these HS2 plans, with the line set to be extended to Manchester, has sent ripples of excitement through the property investment community. This significant infrastructure development holds immense potential for property investors looking to invest in Manchester. The extension of HS2 brings forth a host of positive impacts, including capital growth, job opportunities, enhanced connectivity, and increased desirability for the city as a prime investment destination.

Capital Growth Potential

The HS2 extension to Manchester is expected to drive substantial capital growth in the city’s property market. The improved connectivity provided by high-speed rail not only attracts residents and businesses but also boosts property values in the surrounding areas. As the HS2 project progresses, property investors can expect an uplift in property prices, especially in neighbourhoods located near HS2 stations. This presents an opportune moment for investors to enter the market and capitalise on the projected capital growth.

Enhanced Job Opportunities

The HS2 extension brings with it a surge in job opportunities, fostering economic growth and prosperity in Manchester. The construction and operation of the high-speed rail project will generate a significant number of jobs, ranging from engineering and construction roles to operational and maintenance positions. Additionally, the improved connectivity provided by HS2 will attract businesses and investment, leading to the creation of additional employment opportunities in a range of sectors. This influx of job opportunities strengthens the local economy and contributes to increased demand for housing, benefitting property investors.

Improved Connectivity

The extension of HS2 to Manchester signifies a major leap forward in connectivity, linking the city to other key locations in the UK. The high-speed rail network will reduce travel times significantly, connecting Manchester to London and other major cities in a fraction of the time it currently takes. This enhanced connectivity not only makes commuting easier but also increases accessibility for businesses, professionals, and tourists. As a result, property investors can expect a surge in demand for housing and commercial spaces in Manchester, further driving capital growth and rental yields.

Increased Desirability of Manchester

The confirmation of the HS2 extension to Manchester elevates the city’s desirability as a prime investment destination. The improved connectivity and the economic boost brought by HS2 make Manchester an even more attractive location for property investors. The city’s already thriving property market is set to experience heightened demand as more individuals and businesses are drawn to the area. Investors who secure properties in Manchester stand to benefit from increased tenant demand, rental income growth, and long-term capital appreciation.

Stimulus for Regeneration and Development

The HS2 extension acts as a catalyst for regeneration and development in Manchester. The infrastructure project often triggers further investment in the surrounding areas, leading to the revitalisation of neighbourhoods and the creation of new commercial and residential developments. Regeneration projects associated with HS2 can significantly enhance the local infrastructure, amenities, and public spaces, further adding to the appeal of Manchester as an investment destination. Property investors who identify these regeneration hotspots and invest early can capitalise on the growth potential and reap the rewards of their investments.

Conclusion

The confirmation of the HS2 extension to Manchester has ignited excitement among property investors. The project’s positive impact on capital growth, job opportunities, connectivity, and the overall desirability of Manchester as an investment destination cannot be overstated. As the city gears up to embrace the high-speed rail network, property investors have a unique opportunity to enter the market at a pivotal moment and leverage the projected benefits of the HS2 extension. With the potential for significant capital growth, increased job opportunities, and enhanced connectivity, investing in Manchester amidst the HS2 development presents a promising venture for property investors seeking long-term growth and profitability.

To find out about more of Manchester’s new-build and regeneration projects, click here.

To learn about the property investment opportunities above, or to find out more about how property investment works, get in touch with the experts at North Property Group today.