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Property
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    The agents from Netflix’s Million Dollar Beach House are selling property in Manchester – and expect prices here to DOUBLE


    Million Dollar Beach House landed on screens in late August, showcasing the day-to-day life of Nest Seekers’ top agents, working in luxury real estate.

    Overnight, it became the number one watched unscripted show on Netflix globally.

    The international property brokerage has million-dollar mansions in the Hamptons, Miami, and now… Manchester.

    “Manchester for us is the most vibrant city and completely and utterly on fire at the moment. It seems to be the hottest piece of real estate in the UK,” says Daniel McPeake, managing director of Nest Seekers in Europe.

    “It started to heat up about 12 months ago when everyone started talking about it,” the 45-year-old Londoner said. “There’s so much happening, the town is crazy.

    “Over Covid, a lot of guys and girls I know in London have moved back to Manchester saying there’s £2m apartments in the centre. It’s happening.”

    Spencer McLeod, from Burnage, who started with the firm in February, is Nest Seekers first broker in the north, and says they have 20 listings arriving in the next few weeks.

    Last week, he sold a Didsbury property – which was only on the market for five days – for £875,000.

    “I have friends in the south who are leaving university and are deciding whether to start a career in Manchester or London. When that starts to become a topic of conversation, then you know Manchester is definitely on the map,” Spencer adds.

    “Investors we have in China are super interested in Manchester because they see it as the happening place, there’s a youth movement of young professionals of up to about 35-years-old – talent is sticking.” says  Daniel McPeak.

    Daniel says he expects house prices to double in Manchester over the next five to 10 years.

    “House prices can only increase in line with buyer demand,” he said. “The demand has to be able to satisfy the prices being asked for.

    “In a global pandemic, prices are still going up. It allows developers and councils the ability to build lots of social housing in really great areas to invigorate them.

    Source : Manchester Evening News