Following the announcement last week that Manchester is to play host to the UK’s first super-casino, Nationwide Building Societys chief economist, Fionnuala Earley, says: “This could be good news for house prices in Manchester. It will bring new jobs to the city and the decision clearly represents a vote of confidence in Manchesters infrastructure and the citys ability to support a new super-casino. New jobs will lead to an increased need for housing which will support local demand and house prices.

“Many people have taken a gamble buying property in Manchester in the past and this has paid off with house prices increasing by more than 250% in the last 10 years. However, depending on the location of the casino, there could still be some negative impact on local prices if factors, like noise, for example, become an issue. The average house price in the city is £197,391 and homeowners have seen house prices rise by almost 3% over the last year and 101% over the last 5 years.”