A leading figure in the UK property sector has outlined what he believes the Chancellor must focus on in this week’s Budget to sustain progress in Greater Manchester’s housing market.
Mish Liyanage, CEO of The Mistoria Group, says the region is well positioned for continued growth, but only if Rachel Reeves delivers policies that actively support housing, investment and development.
“Salford has become the top-performing area in the UK for house price growth, with values rising by more than 106% over the past ten years. Manchester has also delivered standout results, recording growth of 96%,” he said. “That places Greater Manchester ahead of every other region — but momentum like this depends on deliberate policy choices.”
“I’ve tracked this market closely for a long time, and if the 2025 Autumn Budget is approached in the right way, there’s a real opportunity to build on this success,” he added. “Salford and Manchester have established a strong competitive position, but that lead can quickly erode if policy no longer supports the fundamentals driving growth.”
Mish has identified four key priorities that he believes are critical to maintaining the region’s trajectory:
1. Revising Stamp Duty for Buy-to-Let Investors and First-Time Buyers
“Stamp Duty surcharges have consistently discouraged responsible investment. Higher rates on buy-to-let and additional homes reduce market participation and restrict rental supply, even as demand continues to increase. Adjusting these rates — particularly in regeneration areas — would unlock capital and encourage reinvestment. For first-time buyers, enhanced relief would help keep entry-level housing affordable.”
2. Regeneration Funding That Extends Beyond Core Growth Areas
“Although Levelling Up funding has generated attention, delivery has been uneven. Areas including Oldham, Rochdale, Bolton and Bury still need sustained, targeted investment. This requires genuine improvements to transport infrastructure, town centres and community facilities. Without broader regeneration, growth remains concentrated in a small number of postcodes.”
3. Support for Landlords and Developers Adapting to New Regulation
“The Renters’ Rights Bill is tightening regulation, and many landlords are already factoring in exit strategies. That reduces rental availability at a time when pressure on the sector is increasing. Tax incentives for energy efficiency upgrades or bringing vacant homes back into use would help balance these pressures. Developers also need clearer support, such as brownfield site incentives, streamlined planning processes and grants for sustainable construction.”
4. Expanding and Training the Construction Workforce
“Housing targets can’t be achieved without the right workforce in place. There is a clear shortage of builders, electricians, plumbers and project managers, and it’s already slowing development. Investing in apprenticeships and skills training would directly improve delivery times and help control housing costs. The skills gap is one of the most immediate constraints facing the industry.”
Mish concluded: “If these four priorities are delivered in the Budget, Greater Manchester can protect its status as the UK’s fastest-growing housing market, while continuing to create long-term value for residents, investors and the wider economy.”
