Released on: March 14, 2008, 7:42 pm

Press Release Author: Jim watson

Industry: Real Estate

Press Release Summary: In times of economic gloom, it often seems to be the north
which suffers most, with recessions seeing many people in grim northern towns
kicking their heels as the factories shut.

Press Release Body: In times of economic gloom, it often seems to be the north which
suffers most, with recessions seeing many people in grim northern towns kicking
their heels as the factories shut. Stereotyped as this image may be, it contained a
kernel of truth, for historically speaking bad economic times have hit the north
worse than the south.

Not any more, however. For one thing, the last time the economy hit the buffers, in
the early 1990s, it was the south which suffered more than the north. In the current
climate that may also be the case. While most commentators regard a recession in the
UK economy as unlikely, the downturn in the property market is real enough. Yet the
hit which city bonuses will have taken after the credit crunch may reduce spending
in London, hitting capital prices most.

However, there are other factors concerning the north\'s relative fortunes as well,
such as the fact that in a post-industrial age its cities are more geared towards
service industries than previously, meaning in a housing context that commuter
suburbs and apartments in city centres occupied by professionals are areas of high
relevance to overall house price issues, with both sorts of location being sought
after as they are closely linked to places of work either by proximity or good
transport links.

Such factors are critical in maintaining urban prices, Stephen Hogg, a partner at
King Sturge Residential in Manchester told the Times. He said: \"Even if the worst
property crisis ever to hit in the history of man happens this year, people will
still want to live in Chepstow House and the Century Buildings in Manchester.\"

These buildings, of course, are among the many city-living opportunities that have
mushroomed in the city, as they have in Liverpool and Leeds. Mr Hogg also suggested
that the suburbs which do have good transport links will also be safe from any
general property slowdown, stating: \"Places with the tram link into Manchester, such
as Didsbury and Altrincham, will be in the best position to hold their values.\" (in
the case of Didsbury, this tram service has not yet been established, but the
district is linked to central Manchester by rail)

As well as Manchester, the rest of the north has plenty of \'bomb proof\' property
spots, the paper notes, comprising other commuter areas such as Wetherby in
Yorkshire (ideally situated for commuters into Bradford and Leeds), places with
large student populations (good for buy-to-let) and scenic areas such as the Lake
District (where second homes go for millions), all providing such insurance against
a slowing market.

Mr Hogg is certainly not alone in his assessment about Manchester. Last month Ian
Perry of City South Developments forecast that a whole range of new developments
would keep the pot bubbling.

He told the Manchester Evening News: \"The continued revitalisation of east
Manchester, MediaCity, Metrolink expansion and the potential for many new corporates
to be basing themselves in the city, means the market is still buoyant here, much
more than other regional capitals.\"

Last month the Independent listed Liverpool as one of the likely 2008 property
hotspots due to the major, though ephemeral, splat of its European Capital of
Culture status. However it seems that many places in the north have more permanent
and lasting appeals which should ensure, whichever half of the country does best or
worst in leaner economic times, that the hotspots stay hot.

In today\'s world Property investment is an excellent investment option especially
investment in UK

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