Manchester was ranked 38th on the 2019 Global Liveability Study, achieving the title of the UK’s most liveable city. Whilst Manchester is down three places from 2018, it’s still ten places ahead of London, which only ranks at number 48 in the report.
The index assesses which cities around the world provide the best or worst living conditions by ranking 140 global cities according to 30 quantitative and qualitative factors across five broad categories:
- culture and environment
Each of these factors in each global city is rated as acceptable, tolerable, uncomfortable, undesirable or intolerable. A rating is then awarded based on judgements from in-city contributors and the Economist’s in-house analysts. Ratings are also calculated based on the performance of several external data points.
Not only is Manchester the birthplace of the greatest music in the world, it’s also home to a thriving social scene, prosperous job market and an ever-evolving city centre, Manchester has been earmarked as a great place to live for many years. Manchester has come out on top in the UK every year since the index began in 2011.
According to the Economist’s index, the most liveable city in the world is Austria’s capital Vienna. Vienna is closely followed by Melbourne, Sydney, Osaka and Calgary. The worst liveable city is Syria’s capital Damascus, receiving the undesirable title two years on the trot.
The youngest city in the UK
Not only is Manchester the UK’s most liveable city, it’s also the youngest, according to research carried out by comparethemarket.com. CTM found that whilst the average age in the UK is 40, Manchester is coming in much younger at 33 years and 2 months, making it the youngest place in the country.
One very large factor that contributes towards Manchester’s average age is probably due to Manchester having one of the largest student populations in Europe. With 100,000 full-time and part-time students attending universities across Greater Manchester. More than half of graduates from Manchester universities stay in the city after graduating, second only to London.
A growing population = increased rental demand
With so many young people in Manchester, the property market continues to thrive, with rental demand through the roof. Luckily for the future tenants of Manchester, we’re in the process of developing several new apartment buildings for both students and professionals alike. One of these buildings is situated in close proximity of UA92, a brand-new university that is set to attract over 6,000 students to the area.
If you’re interested in investing in a development in the UK’s most liveable city, get in touch today.