House prices in Trafford are predicted to rise sharply after the steady increase in 'golden sector' businesses appearing in the area.
Trafford, which boasts popular residential towns such as Altrincham and Bowdon, is being touted as the place to be for property investors due to the link between 'golden sector' businesses and property prices. Praised for its ability to attract new businesses like Waitrose and Starbucks, Trafford has seen a 37 per cent increase in 'golden sector' businesses in the past five years.
Sean Anstee, Trafford council leader, said:
"It is well known that Trafford is the economic powerhouse of Greater Manchester, with the most resilient economy in the north west.
"Trafford is a desirable location to invest in and the council's economic growth team works hard to attract inward investment, seek new businesses and retain existing employers across a diverse range of industries; offering access to a highly-skilled population and great transport links.
"We are proud to play our part in securing successful and prosperous communities, from great businesses to outstanding schools, all of which make Trafford the place to be."
Residential research experts and analysts, such as Savills estate agency, say the impact of 'golden sector' businesses could be a key component in predicting an area's housing promise.
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