# Manchester better value than Melbourne and Miami for off-plan property Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2016-09-07 Category: INVESTING Category URL: https://financedigest.com/category/investing Meta Title: Post-Brexit Manchester offers better value than Melbourne Meta Description: Investorist data shows Manchester offers more affordable off-plan property options than Melbourne and Miami, making it a top choice for investors post-Brexit. URL: https://financedigest.com/manchester-better-value-than-melbourne-and-miami-for-off-plan-propertyhtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/image-1736844539050-compressed.jpg) - **Post-Brexit Manchester offers better value than Melbourne and Miami (Investorist)** - **Manchester remains UK’s best city (Economist)** - **London Bureaux de Change selling Euros for 99 cents to £1 (Caxton FX)** Post-Brexit Manchester offers better value when it comes to residential off-plan property investment than either Melbourne or Miami, new data from revolutionary trading platform **[Investorist](http://r20.rs6.net/tn.jsp?f=001QnPz8bKyjL4nEH9HkFfLr79FYT-jcmFAdpOMGAUrCQsIwL94sHO5rAsoZ0y8gKxfDY5MoSAYJqJ7rvXHo71Hr1nyzNwcOKXh3N1I2z_xzI1lhqcTwtIv2_8tM7beH5v6SQFgYLlyrdpSKrHccWAWUuYxXv9AD1JLz2CWZtFo77tc_S8ajQf8Rg==&c=0rAIWIPpIKsXtB0VJADZ7bUExpd83H6jq7bs_GkPM4UoGH_gpzyNGg==&ch=6vlvqVB4V5LhUowjez_ipIiNEyf4wr8vfgUNATk0LfRqHtzQfxs90w==)** has revealed. The company’s listings have shown that a two-bedroom, two-bathroom apartment of approximately 70 sqm can be purchased off-plan for £234,000. An equivalent apartment in central Melbourne would set an [investor back](https://www.financedigest.com/exclusive-new-investor-backs-bt-says-fibre-jv-may-not-be-needed-source.html "Exclusive-New investor backs BT, says fibre JV may not be needed – source") about £256,000. Miami was the most expensive of the three, with a comparable [property costing around](https://www.financedigest.com/can-crowdfunded-property-turn-rundown-neighborhoods-around.html "Can crowdfunded property turn rundown neighborhoods around?") £360,000. Manchester has just been recognized by the Economist Intelligence [Unit Global](https://www.financedigest.com/united-states-to-account-for-30-of-global-reinforced-thermoplastic-pipes-market-demand-through-2031.html "United States to Account for 30% of Global Reinforced Thermoplastic Pipes Market Demand Through 2031") Liveability Survey as the UK’s best city and one of the top 50 cities globally. Not only is it an excellent investment choice due to its value, but the fall of sterling since the UK’s Brexit vote has opened the [country up to investors who previously considered](https://www.financedigest.com/eu-countries-consider-lower-gas-price-cap-documents.html "EU countries consider lower gas price cap – documents") it too expensive. **Jon Ellis, Founder and CEO** for **[Investorist](http://r20.rs6.net/tn.jsp?f=001QnPz8bKyjL4nEH9HkFfLr79FYT-jcmFAdpOMGAUrCQsIwL94sHO5rAsoZ0y8gKxfDY5MoSAYJqJ7rvXHo71Hr1nyzNwcOKXh3N1I2z_xzI1lhqcTwtIv2_8tM7beH5v6SQFgYLlyrdpSKrHccWAWUuYxXv9AD1JLz2CWZtFo77tc_S8ajQf8Rg==&c=0rAIWIPpIKsXtB0VJADZ7bUExpd83H6jq7bs_GkPM4UoGH_gpzyNGg==&ch=6vlvqVB4V5LhUowjez_ipIiNEyf4wr8vfgUNATk0LfRqHtzQfxs90w==)**, comments, The drop in sterling represents a [huge opportunity for those looking to enter the UK market](https://www.financedigest.com/microbial-lipase-market-huge-growth-opportunity-between-2019-2029.html "Microbial Lipase Market Huge Growth Opportunity between 2019-2029") much more affordably than before the referendum. While prime central [London is still considered expensive and many believe it is oversupplied in terms of residential stock](https://www.financedigest.com/financial-screws-turned-on-russia-as-insurers-exit-london-stocks-halted.html "Financial screws turned on Russia as insurers exit, London stocks halted"), the northern powerhouses of Manchester, Liverpool and Birmingham are all shining on the international investment stage right now. Investorist is the [global marketplace for the off- plan property industry](https://www.financedigest.com/electric-vehicle-polymers-market-what-factors-will-drive-the-market-in-upcoming-years-and-how-it-is-going-to-impact-on-global-industry-2021-2029.html "Electric Vehicle Polymers Market? What Factors Will Drive The Market In Upcoming Years And How It Is Going To Impact On Global Industry 2021-2029"). The company’s UK branch (it also has offices in the US, Singapore, Vietnam, China and Australia, where it was founded) experienced an immediate increase in enquiries from foreign investors after the Brexit decision. Jon Ellis, Founder and CEO for Investorist Buyers from China and the Middle East were particularly keen to take advantage of sterling’s decline and avail themselves of off plan [investment properties](https://www.financedigest.com/factors-that-determine-a-successful-rental-property-investment.html "Factors that Determine a Successful Rental Property Investment") that had effectively had their value slashed overnight. The decision to leave the EU created a number of opportunities for investors thanks to the reaction of currency [markets,” continues](https://www.financedigest.com/welding-consumables-market-continue-to-be-largest-product-segment-in-consumer-market.html "Welding Consumables Market Continue to be Largest Product Segment in Consumer Market") **Investorist’s Jon Ellis**. “Interestingly, we’ve found that certain countries have shown a preference for particular UK cities. Liverpool, for example, is proving popular with [investors from the United](https://www.financedigest.com/credit-agricole-and-caceis-to-buy-rbc-investor-services-europe-unit.html "Credit Agricole and CACEIS to buy RBC Investor Services’ Europe unit") Arab Emirates. Brexit really has created some major [opportunities for those looking to get in on the UK’s residential property market.”](https://www.financedigest.com/new-report-of-fuel-conditioning-system-market-with-size-growth-drivers-market-opportunities-business-trends-and-forecast-to-2028.html "New Report Of Fuel Conditioning System Market With Size, Growth Drivers, Market Opportunities, Business Trends And Forecast To 2028") The pound plummeted in the immediate aftermath of the Brexit decision and has declined further since, reaching its [lowest level](https://www.financedigest.com/ukraine-war-energy-crisis-send-german-business-sentiment-to-lowest-level-since-june-2020.html "Ukraine war, energy crisis send German business sentiment to lowest level since June 2020") in three years on 15 August 2016. It has fallen 12% against the Euro and around 10% against the US dollar, with currency company Caxton FX [reporting that two airport Bureaux de Change](https://www.financedigest.com/u-n-climate-change-report-sounds-code-red-for-humanity.html "U.N. climate change report sounds ‘code red for humanity’") were selling Euros at 99 cents to the pound in mid-August. This new economic era has highlighted the importance of the UK’s [post Brexit](https://www.financedigest.com/navigating-the-new-rules-post-brexit.html "Navigating the new rules post Brexit") property market, with Investorist standing at the forefront of those committing to the sector. --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---