A senior voice within the UK property industry has set out what he believes the Chancellor must prioritise in this week’s Budget to maintain momentum in Greater Manchester’s housing market.
Mish Liyanage, CEO of The Mistoria Group, says the region has substantial growth potential, but only if Rachel Reeves introduces policies that actively support the sector.
“Salford is now leading the UK for house price growth, with values increasing by more than 106% over the last decade. Manchester has also seen exceptional performance, with prices up 96%,” he said. “That level of growth puts the region ahead of every other part of the country — but it won’t continue without clear, supportive policy.”
“I’ve monitored this market closely for many years, and if the 2025 Autumn Budget is handled correctly, there’s scope for even stronger growth,” he added. “Salford and Manchester have built a real competitive edge, but that advantage can quickly be lost if policy stops reinforcing what’s working.”
According to Mish, the following actions are essential to keep Greater Manchester moving forward:
1. Updating Stamp Duty for Buy-to-Let Investors and First-Time Buyers
“Stamp Duty surcharges have long acted as a barrier to responsible landlord investment. Higher charges on buy-to-let and additional properties reduce market activity and limit rental supply at a time when demand continues to rise. Revising these rates—particularly in regeneration areas—would encourage reinvestment. For first-time buyers, extending relief would help keep lower-priced homes accessible.”
2. Regeneration Investment That Reaches Beyond Established Hotspots
“While Levelling Up funding has created visibility, its impact has been inconsistent. Towns such as Oldham, Rochdale, Bolton and Bury still require focused, long-term investment. That means transport improvements, town centre renewal and stronger local amenities. Without this, growth remains confined to a small number of postcodes, rather than benefiting the wider region.”
3. Balanced Support for Landlords and Developers Navigating New Regulation
“The Renters’ Rights Bill is introducing tighter regulation, and many landlords are already considering exiting the sector. That reduces rental supply when demand is already stretched. Offering tax incentives for energy efficiency upgrades or refurbishing vacant homes would help offset regulatory pressures. Developers also need practical support, including brownfield site incentives, faster planning decisions and grants for sustainable building methods.”
4. Strengthening the Construction Workforce
“Meeting housing targets isn’t possible without the right skills on the ground. Builders, electricians, plumbers and project managers are in short supply, and that shortage is already slowing down delivery. Investing in apprenticeships and local training schemes would speed up development and help stabilise housing costs. The skills gap is one of the most immediate challenges facing the sector.”
Mish concluded: “If these four priorities are addressed in the Budget, Greater Manchester can secure its position as the UK’s fastest-growing housing market, while continuing to deliver long-term benefits for both residents and investors.”
