FTBs attracted to 'vibrant' Manchester

Manchester has plenty to offer first time buyers (FTBs), according to Savills.

The firm pointed out that the city offers good value for money when it comes to property prices.

In addition, the lifestyle is attractive to many young buyers and Manchester is home to a diverse range of people.

Tom Rogers, residential investment consultant at Savills, said that Manchester has become "England's second biggest city" but still remains affordable for FTBs.

"First-time buyers can get a mortgage for around £100,000 to live in the city centre, which is pretty good," he 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. It's a great vibrant city, things are always happening here.

"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," added Mr Rogers.

The majority of analysts predict that FTBs will be boosted by a cut to the base rate of interest on Thursday (January 7th).

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