Manchester offers opportunities for FTBs

Good opportunities exist for first-time buyers (FTBs) in Manchester's property market, an expert has said.

FTBs can take out a mortgage for around £100,000 in the city which is "pretty good", said Tom Rogers, residential investment consultant at Savills.

Ancoats is among a number of areas in the city experiencing regeneration and a number of new property developments are expected in the near future, Mr Rogers suggested.

Some £4.9 billion has been allocated for spending on construction projects in Manchester over the next decade, according to manchesterfacts.com.

Accessibility to the city is very good for would-be FTBs as central Manchester is very condensed, he noted.

"A one-bedroom apartment is still quite affordable and that's city centre living .You wouldn't get that in London," Mr Rogers commented.

"The city has grown significantly in the last few years and is still growing, and I'd class it as England's second biggest city, apart from London," he added.

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