- May 1, 2014: Vol. 8, Number 5

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Market Focus: Manchester, United Kingdom

by Joanna Tano and Istvan Toth

Manchester, with a population of 512,000 inhabitants, is located in the south-central part of north-west England. When considering the Greater Manchester area, the population rises to 2.6 million inhabitants, making it the second most populous urban area in the United Kingdom after Greater London. It is the commercial and administrative capital of the north-west and is the largest and fastest-growing economy outside London.

Manchester’s economy is supported by a large number of industries, the most important of which include banking, financial services, logistics, transport and tourism. Financial and professional services account for 21.8 percent of all jobs in the city, compared to the England average of 13.1 percent. Manchester has been voted best UK city for a new headquarters and is home to a growing number of global, European and national HQ locations.

Real estate overview

The UK economy expanded by 1.9 percent in 2013 — the fastest rat

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