Key Highlights

Over the past decade, Manchester has transformed into one of the UK’s most exciting cities for young professionals. From its booming job market to its vibrant cultural scene, it’s easy to see why so many people are choosing to live and work in this northern powerhouse.

A City of Opportunities

Manchester’s job market is thriving, particularly in tech, finance, and media. Did you know it’s now the biggest tech hub outside of London? With over 1,600 startups employing 60,000 people, there are endless chances to be part of cutting-edge projects. Some of Manchester’s standout success stories include electric vehicle charging firm BE.EV and Freedom Fibre, both of which secured massive funding to expand their services. Tech firms in the city raised over half a billion pounds worth of funding in 2022, a 50 per cent increase from the previous year. 

And it’s not just startups. Big players like Canopius are setting up shop here too. Their new Tech and Data Hub in the city centre has created 65 new jobs and cemented Manchester as a magnet for skilled professionals looking for exciting roles in tech and data.

Affordable Living, Vibrant Lifestyle

For young professionals, Manchester strikes the perfect balance between affordability and excitement. Housing here is significantly cheaper than in London, whether you’re renting or buying. Neighbourhoods like Ancoats and the Northern Quarter offer trendy apartment living with an eclectic mix of cafes, bars, and shops right on your doorstep.

But Manchester isn’t just about where you live – it’s about what you do. From live gigs at legendary venues to world-class restaurants and independent markets, there’s something to suit every mood. Whether you’re heading to a concert at the AO Arena or browsing the Northern Quarter’s vintage shops, the city never fails to deliver.

A Connected and Supportive Community

Manchester has that rare mix of being a big city with a close-knit feel. Networking events, coworking spaces, and professional meet-ups make it easy to build connections. Plus, the city’s emphasis on digital skills development, such as the Manchester Digital Skills Festival, helps people at all career stages boost their knowledge and make the most of opportunities.

Transport in and around the city has been another key focus. The Bee Network, which is Greater Manchester’s very own transport system, Committee recently signed off millions of pounds worth of investment in transport infrastructure within the region. Young professionals stay well-connected with trams, buses, and trains, making commuting and exploring even more simple. 

Why Young Professionals Love It

Ultimately, Manchester is a city that works for its people. Whether you’re chasing a high-powered career in tech, launching your own business, or simply looking for a city that offers more than a nine-to-five, Manchester has it all. Expected to be the fastest-growing city in 2024, the northern city offers something for everyone. 

With a rising population, growing economy, and strengthening infrastructure, it’s no surprise that house and rental prices are rising in the city as well. The North-West achieved a 3% growth in rental figures in Q3 this year alone, with Manchester being one of the main driving forces behind that. 

Conclusion

In summary, Manchester is the perfect city for young professionals looking to build their future. With its booming job market, buzzing cultural scene, and affordable living options, it’s a place where you can achieve career success while truly enjoying life. Whether it’s exploring the city, attending networking events, or diving into the city’s thriving industries, Manchester has it all.

For investors, Manchester is just as appealing. With property prices still lower than in London and the South, yet rental yields among the highest in the UK, the city offers strong returns. Recent rental growth in the North-West reflects its ongoing demand as a place to live and work. This, combined with the city’s infrastructure improvements and population growth, makes it a smart choice for property investment.

About Us 

North Property Group is a premium property investment agency and lettings agency focusing on premium UK real estate. We are a team of experts dedicated to finding you the best opportunities and guiding you through the investment lifecycle. We have in-depth knowledge of the property market and policy changes within the industry, so we can help guide and advise as the UK government unveils its new budget.

Book a free consultation with us today to start your journey of investing in off-plan UK property.