One of the UK’s biggest comeback stories
Discover Salford's Real Estate
The City of Salford, which is a part of Greater Manchester, is undergoing a transformation unlike any other in the country. Following the closure of major industries after World War II, Salford saw a steep economic and population decline. In the last two decades, however, it has been the site of one of the largest urban regeneration projects in the UK. The result is that not only are Salford’s fortunes beginning to turn, it is becoming a new destination for both tourists and investors.
Culture, History, and Business
Salford’s human origins date back all the way to the Stone Age. A Roman road passed through the area and the city has produced important archaeological finds, most notably a Romano-British bog body. In the Medieval Era, the area was home to a small monastic cell. During the Industrial Revolution, Salford grew along with the rest of Manchester, thanks largely to textile production. The opening of the Manchester Ship Canal in 1894—the longest canal in the world at the time—further fueled growth. The city struggled in the 20th century, when poverty increased and the area was heavily bombed during World War II. The decline of the Manchester Docks after the war further increased Salford’s economic troubles.
However, since the 1990s the city has witnessed a rebirth that has largely been centered on the Salford Quays. This is a massive urban regeneration effort that has transformed the abandoned Manchester Docks into a modern and bustling new neighborhood. It includes world-class museums and is also home to MediaCityUK, one of the country’s largest centers for the film and television industry. The regeneration project has helped boost the fortunes of all of Salford and resulted in the city becoming far more desirable for both residents and businesses.
Real Estate Appeal
Salford is seeing considerable growth in property prices. This is driven in part by redevelopment projects focused on Salford Quays along with a property boom in Manchester Central that is spilling over into Salford. In fact, in recent years property prices have increased faster in Salford than in Manchester.
The city has also become an important destination for tourists. The opening of the Imperial War Museum North, the Lowry and the nearby Old Trafford stadium (home to Manchester United) is helping bring tourists from all over the UK to Salford. That has resulted in the city becoming a viable market for short-term rental properties.
Explore Salford's Real Estate
Local Real Estate Experts
Attractive Investments In Salford
📍Over 2,086 investors explored Salford