Why is There a Rising Demand in Trafford?

A Thriving

Business Hub

Trafford is home to over 120,000 registered businesses and a working population of 2 million in the area. When it was last recorded in 2008, there were 1,400 businesses within Trafford Park alone, which will have increased dramatically to now. This makes Trafford an attractive location for people looking for employment as there are endless opportunities. Also, commuting is more efficient with reliable connectivity and travel routes by road, rail, water, and air all in the area. 

Between 2002 and 2015, Manchester was one of the major UK cities for driving job growth, increasing it 84% in that time, a growth twice the rate of the average in the whole of the North. Due to its successful business sector, Manchester has risen into the top 50 wealthiest cities in the world by the number of millionaires. This has created a high demand in Trafford for houses from working professionals and people looking for business opportunities. 

Trafford is also home to the largest inland freight terminal in the Northwest. This transports passengers and goods by road, rail, inland waterways, and goods only by pipeline. This will largely contribute to the growth of the economy, which in the decade to 2021, grew by an impressive 61% from £53.89 billion to £86 billion. 

Continuous

Regeneration

With numerous amenities within walking distance, Old Trafford is becoming an increasingly attractive option for those who prefer not to live in the city centre. Its convenient location on the metro line offers easy access to Manchester city centre, Trafford Centre, and Manchester Airport. Due to the ongoing regeneration projects, and the rise in demand in Trafford investing here now is a smart choice for investors aiming to maximise capital growth potential in the coming years.

Manchester’s property market benefits from the continuous infrastructure developments and regeneration that enhance the city’s appeal and drive property prices upward. Initiatives such as the Manchester Airport transformation project are going to improve connectivity and stimulate further economic growth, which will lead to an increasing demand for properties in the surrounding areas.

Another major regeneration project happening is The Old Trafford Stadium regeneration plan. This project aims to blend tradition with innovation, honouring the past and taking a step into the future. This project will include upgrading and expanding the current Old Trafford Stadium, improving connectivity, and providing a more sustainable environment. The main aim is to create a world-class venue, envisioned as the ‘Wembley of the North.’ It is estimated to take 8 years to complete once construction starts. 

Holds One of the UK's Most

Reliable Tram Systems

Manchester’s Metrolink is the second largest transport system and is the largest light rail network in the UK, with plans to expand in the next few years. The rail network has 99 stops and connects Manchester City centre with the wiser areas of Greater Manchester. It also has a reputation for being one of the most reliable tram systems in the UK. Only 0.3% of journeys were cancelled in 2023 and 90% were on time. This reliable system is attractive for working professionals and students as it allows individuals to commute around the city and its suburban areas easily. 

At the Old Trafford tram stop, trams run towards Manchester City with the weekday service running every 12 minutes to either Piccadilly or Bury. There are many other tram services available, meaning travel is almost always available for residents to commute or travel in and out of Trafford. There is also a Liverpool – Manchester railway line that passes through Trafford, creating further connections.