Central Manchester ‘offering mortgages for £100,000’

Posted 2008-02-14

Northern cities such as Manchester are still offering £100,000 mortgages amid high house prices.Real estate provider Savills says Manchester in particular is a far better bet than London for those looking for a first home.

Tom Rogers, residential investment consultant at Savills, said: “There is a lot on offer. The market is going through a little blip at the moment but as far as property prices go, I think they are quite fairly priced in Manchester.
“A one-bedroom apartment is still quite affordable and that’s city centre living .You wouldn’t get that in London.”

He added the city has grown ‘significantly’ in the last few years and is still growing.

Savills also said Manchester is a vibrant city where there is always something going on.

According to manchesterfacts.com, £4.9bn in construction projects are planned there over the next decade.

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