As of May 19th 2010, a total 3,388 purchasers were registered with Thornley Groves across Manchester, up 89 percent since the onset of the credit crunch in October 2008. Rental applications in the area have also grown significantly, with an increase of 39 per cent during the same period.
The new report from Thornley Groves Estate Agents in Manchester shows a significant increase in registered buying interest since the credit crunch reached its height at the end of 2008.
Growth was highest in the City Centre, where Thornley Groves recently opened up a seventh office to cope with renewed interest in the area ahead of the impending MediaCityUK influx, at 356 per cent.
It was followed by the South Manchester suburbs of Sale (up 119 per cent) and Altrincham (up 68 per cent), while the affluent borough of Hale, in which the Estate Agents recently sold a period home for a record pre-credit crunch price, was up 5 percent.
Michael Groves, Managing Director of Thornley Groves Estate Agents in Manchester, said:
“We have seen a healthy increase in registered buying interest across Manchester since the credit crunch reached its height at the end of 2008. The buyers are there, but Home Improvement Packs have created a significant bar to marketing your home, particularly during a time of economic thrift where consumers have been counting every penny.
"The scrapping of these packs has been extremely good news for the industry, and should be a further catalyst for future growth in the property market throughout Manchester and across the country.”
