The proposed Manchester congestion charge and major public transport investment in the area should bring cheer to those living in the City it has been suggested.

Stuart Law, chief executive of property portal Assetz, has explained that those living in the centre of the city and commuting to satellite centres such as Stockport - as half of his office's staff do - will not be charged under the plans, making this lifestyle cost-effective.

”The newly announced congestion charges for Manchester certainly favour city-centre living with no charge at all for travelling out from the centre in the morning and back in at night. This is important for city centre buy to let investors as there is a huge trend towards living in the bustling centre whilst commuting to work in nearby towns such as Stockport” he said.

Another positive aspect of the plan will be the increased value of homes near to the new or enhanced transport links, according to the editor of property magazine Buy Association, Paul Collins. He said the London experience showed that those properties near good transport links attracted a premium.