Time to Invest?

News reaches us that apartments in the Media City development are going with as much as 20% off list price, with a promise that this is as low as they will get. For those ‘out of the loop’, Media City is a large development being built on ‘The City’s Iconic Waterfront’ (that’s Salford Quays) in preparation for the influx of lots of businesses – BBC, Sony, Bupa, Nike, Royal Mail – in 2010. ‘Lots of businesses’, of course, means lots of people working for them – 15,500 in fact. And what do people need? That’s right – supermarkets. Oh, and places to live, which is why an apartment in the Media City development is such a good investment.




Do I sound like and estate agent? I’m sorry about that. It is true though and if this 20% business is to be believed then it might not be the worst investment going at the moment, even if it is property. Whether this would be a savvy move or not would, naturally, remain to be seen (i.e. in five to ten years time) but then that is the nature of property investment. The problem is that for most of us to buy such an investment we’d need a little something called a mortgage and that, as they say, is the problem. I’ve heard they’ve taken to just laughing in your face now, if you go asking for one.