Positive year of growth for Salford and Manchester as more than 2.5k homes delivered to market

More than 2.5k homes have been delivered to market in what has been described as a ‘positive’ year of growth for Salford and Manchester, according to a survey.

The Manchester Crane Survey, created by Deloitte, the international professional services company, measured the rates of growth and development across Manchester and Salford. Both the city’s centres are classified as the area which closely borders Manchester city centre, along with MediaCityUK and The Quays.

The report stated that in the last 12 months, 25 new projects across various sectors began in Manchester and Salford city centres. This includes 17 new residential developments under construction – the highest since 2018, whilst 2,734 homes were delivered to the market.

The region is described as the largest share of development outside London, with 13,578 homes now having been completed since 2014 in Salford City Centre.

In the office sector, 702,000 sq. ft of new floorspace was delivered to market in 2022, despite working from home trends continuing since the pandemic.

Salford City Mayor Paul Dennett said: “The results of this survey reveal our strategy for growth and regeneration in action. We are committed to developing sustainable growth in the city and this will continue in the future as we react to the growing needs of residents and businesses.

“Next, we look to MIPIM as we to further share the Salford story and enact our bold approach and new shared visions for two of our key town centres; Eccles and Swinton. This will see redevelopment extend beyond the recognised areas of the city centre and Media City and deliver economic growth shared out across the city.”

Salford City Council Chief Executive Tom Stannard said: “These results are pleasing to see, but to those in the city and everyone focused on delivering growth for the city, they will not be a surprise.

“We have a plan for the city and are putting it into place. The positivity highlighted in this report have come over time and a commitment to a joint approach we have developed across Salford. We continue to work closely with city partners and developers to hopefully bring more growth and success in this area.”