Why Manchester Should be on Your Radar for Property Transactions
Following an analysis by the HomeOwners Alliance, it has been revealed that Manchester property sales are three times faster than London.
The free EstateAgent4ME tool tracks the speed of the property market, providing homeowners with a greater understanding of their local market and provides details on which estate agents have the best track record for selling homes most quickly.
Compared to London, where an average conveyancing transaction takes up to three times longer and with Manchester at the forefront of the Northern Powerhouse, it is clear why this vibrant city is high on the agenda for many buyers. With the amount of investment being pumped into the city, creating new job opportunities for many, Manchester provides the most profitable rental returns in the UK for landlords.
It is envisaged that Manchester will be in the top 5 fastest growing cities between now and 2021 which will increase the need for houses and property investments. Also, according to a recent analysis by Telegraph Money, more than half a million mortgages could be due to expire in 2018 creating a boom in property transactions.
Sarah Major, specialist conveyancing lawyer at Pearson, commented, “It is extremely beneficial to use a firm with knowledge of the local area and property market. The Pearson Solicitors Conveyancing Team have many years of experience dealing with all types of property transactions throughout the North West. Clients are able to attend the offices to speak with their Solicitor in person and are able to collect and drop off documents which assists to speed up the process. The personal service combined with our expertise and attention to detail means that not only is the process quicker, the clients can be assured they are in safe hands”.
If you need a reliable Conveyancing Solicitor, please do not hesitate to get in touch with our specialist Conveyancing Team on 0161 785 3500 or email enquiries@pearsonlegal.co.uk.
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Please note that the information and opinions contained in this article are not intended to be comprehensive, nor to provide legal advice. No responsibility for its accuracy or correctness is assumed by Pearson Solicitors and Financial Advisers Ltd or any of its members or employees. Professional legal advice should be obtained before taking, or refraining from taking, any action as a result of this article.
This blog was posted some time ago and its contents may now be out of date. For the latest legal position relating to these issues, get in touch with the author - or make an enquiry now.
