No. 10 Moves North: What it means for Manchester
July 30, 2026
UK Property Market / Manchester
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The past couple of decades have seen Manchester grow exponentially as a city, with its population up 30%, GVA growing by more than 34%, and house prices and rents increasing faster than almost anywhere else in the country.
Manchester has spent years growing. New homes have been built, old industrial land has been transformed, businesses have moved here, and more people have chosen to live in the city than ever before.
And claiming much of that success is Andy Burnham, the UK’s new Prime Minister.
He’s closely linked to Manchester through his time as Mayor of Greater Manchester. During those years, he pushed for more powers to be handed to the region. Transport, housing and regeneration became a big part of his work.
No.10 North
Burnham became Prime Minister on 20th July 2026, and almost immediately began bringing government closer to Manchester. Just four days later, he spent his first day working from the brand-new No.10 North.
It’s a second base for the Prime Minister and his team. Instead of working only from Downing Street, Burnham plans to spend part of each week working from Manchester. For now, No.10 North is based at Heron House in the city centre, opposite Manchester Town Hall.
Ministers and civil servants will also work from the office. Meetings on the economy, housing and regional investment are expected to take place there. It’s a small change on paper, but an unusual one. Manchester has never had this level of day-to-day government presence before.
The move to Ancoats
No.10 North is planned to move into the new Government Digital Campus on Great Ancoats Street once it’s completed.
The new government offices were confirmed last year. Two brand-new buildings on former brownfield land will help move thousands of jobs away from London and into Manchester.
These offices are already a huge part of the area’s future. Sitting between the already transformed New Islington and the upcoming regeneration of Holt Town, they’re another addition that will help bring the eastern side of Manchester in line with the city centre, economically, in popularity, in connectivity and visually.
Another planned scheme for the area is CyanLines. Although the full routes haven’t yet been released, it’s expected to pass right by the offices, linking them with Manchester Piccadilly, Ancoats Green, Cotton Field Park and Mayfield Park.
Holt Town is also set to see major changes. The 74-acre masterplan includes new homes, improved connectivity and more green space. It covers the land between New Islington and the Etihad Stadium, effectively extending the city centre eastwards and building on the success of nearby regeneration projects.
The first residential phase of Holt Town is already underway. Brunswick Mill sits on Bradford Road, less than half a mile from the Government Digital Campus. Originally built in the 1830s, the historic mill is being transformed into 153 apartments, carefully restoring its heritage while giving the building a new future.
The G20 Summit
Another recent announcement from the government is that Manchester will host the G20 Summit.
World leaders, government officials and international media will all come to the city. For a few days, Manchester will become the centre of global politics.
It’s the sort of event that historically would almost certainly have been held in London. But with Manchester continuing to grow, the city is becoming a destination for events on an international scale. It’s taking on a bigger role, not just within the UK, but across the world.
Another chapter for Manchester
Manchester has grown through lots of different projects: new transport, new housing, new offices and new public spaces.
We’ve seen its profile grow too. From hosting major award ceremonies and sporting events to attracting thousands of people relocating from London and elsewhere in the UK, the city has steadily built its reputation. Now, politics is becoming part of that story as well.
A Prime Minister with strong ties to Manchester. A second Prime Minister’s office in the city. A permanent government base planned for Ancoats. And one of the world’s biggest political events coming to Manchester.
Manchester isn’t under the radar anymore. It’s growing on a national and international stage, and it doesn’t look like it’s slowing down.
If you’d like to learn more about the regeneration projects mentioned in this article, or explore homes in some of Manchester’s fastest-growing neighbourhoods, get in touch with our team or browse our latest Manchester developments.
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FAQs —
Manchester But-to-Let Hotspot
Yes. Manchester has topped Aldermore’s Buy to Let City Tracker for the second consecutive year, with rents rising 7.3% year on year, house price growth of 6.3% — the highest of any city in the Tracker — and a vacancy rate of just 0.8%.
No. Manchester’s house prices have grown at 6.3% annually, the highest of any city in the Aldermore Tracker, and well above the UK average of 1.3%. This sustained growth, combined with constrained supply, means prices have continued to rise rather than fall.
The outlook remains positive. Manchester’s combination of rising rents, strong house price growth, a 0.8% vacancy rate, and an active £17 billion regeneration pipeline near Piccadilly Station all point to continued demand and performance well into the coming years.
Ancoats and the Northern Quarter offer yields of 5.5% to 6.5%, with strong capital growth potential and high demand from professional tenants. The city centre (M1) offers a similar yield range with a broad tenant base and consistently low void periods
Average rent per room rose 7.3% year on year, from £518 in 2024 to £556 in 2025, while average short-term yields across leading UK buy-to-let cities climbed from 6.9% to 7.4%.
Not for most landlords. Manchester’s rental income growth of 7.3% year on year and the city’s 6.3% house price growth provide a meaningful offset to financing cost pressure. Landlords with quality stock in high-demand areas are still generating strong returns.
Modern one and two-bedroom apartments work best across Manchester’s key investment areas — Ancoats, the Northern Quarter, and the city centre — where professional tenants are the primary demographic and demand for quality, well-managed stock remains consistently strong
Yes. Ancoats offers yields of 5.5% to 6.5%, backed by a £175 million investment programme and growing demand from high-earning professional tenants, making it one of the strongest areas for capital growth in the city.
The data suggests staying is the stronger long-term position. Supply constraints, durable demand drivers, and rising rents all point to continued performance. Landlords exiting now risk selling into a market that rewards patient ownership.
Orlando Reid Invest offers full lettings and property management services, as well as access to new investment opportunities across Manchester. Whether you are reviewing your existing portfolio or looking for your next acquisition, the team can advise on strategy, yields, and management.
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