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Ancoats' housing market 'developing pace'
25/09/2007
Ancoats is a place where the Manchester property market is picking up thanks to massive investment, it has been claimed.
Andy Hurst, sales and marketing director at City Lofts, said that Ancoats, a 50-acre conservation area, is now a viable option for property investors.
He told the Telegraph that the whole of east Manchester is "starting to gather pace" as a result of investment in quality housing and infrastructure.
Commenting on the success of Ancoats' regeneration, Mr Hurst said: "The waterways have been reworked and it's on the periphery of the city centre.
"Investors can see that prices are still lower than elsewhere but the infra-structure for real growth is in place."
City Lofts recently launched a development called Milliners Wharf, which comprises 261 apartments by Ashton Canal.
Ancoats is widely regarded as the world's first industrial suburb and has one of the largest concentrations of Grade II-listed building in the city.
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