Tom Rodgers, residential investment consultant at Savills, said: “First time buyers can get a mortgage for around £100,000 to live in the city centre, which is pretty good.”
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Anyone opting to buy a property in the centre of Manchester would find themselves located within walking distance of a number of amenities and facilities, he added.
Mr Rodgers also said that, with a consistent stream of people looking to buy a house, Manchester also represented a reasonable investment location.
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He said the fact that it was “a great, vibrant city” meant first-time buyers may see a profit when they came to sell their property in years to come.
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Manchester city council is currently engaged in a number of regeneration projects across the city with the aim of improving housing in the area.
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