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Complete guide to Property Investment in Manchester
According to the latest Rightmove research (June 2023), the average rent in Manchester increased by 13.2% over the past 12 months, the second highest in the country. The latest JLL Research forecasts 19.3% growth in sales prices in Manchester from 2023 to 2027, the highest in the UK.
According to the JLL Residential Forecasts Report (Q4 2022), Manchester city centre rentals are forecast to increase 21.6% between 2023 and 2027, the highest figure for any UK city outside of London.
Manchester has long been one of the best places for buy-to-let investors and with average yields of over 6%, there are plenty of opportunities for property investors to get in on the action. As well as robust rental yields throughout the region, Manchester also benefits from one of the UK's levels of capital appreciation. In a recent Zoopla Report (June 2022), Manchester was ranked the country's third-highest capital appreciation, with annual house prices in Manchester showing a year-on-year increase of 9.6%.
Aside from healthy yields and competitive property prices, Manchester as a place of business and leisure is giving bigger cities such as London a run for its money.
Manchester is flooded with culture, which is clearly visible by its architecture, football clubs, film and TV industry and its endless choice of bars, clubs, restaurants and shops. This and more has seen Manchester contribute a huge £56 million to the economy.
Rent across Manchester has increased by 30% over the last four years and even the boroughs themselves have seen considerable growth over the years. This includes areas such as Salford, Trafford, Bolton and Stockport which have seen rent increases between 11% and 20%.
Transport infrastructure has also seen advancements with the plans for the HS2 line. This new high speed rail network has led to economic regeneration and development in areas such as Birmingham, Leeds and Manchester, with record numbers of new offices, homes and hotels being built as a result.
As investment continues to pour into the city, it’s only natural that all corners of the Manchester property market, including student, commercial and residential property, will benefit, driving housing demand from residents and landlords and creating new opportunities for property investment in Manchester for first-time and seasoned investors alike.
A recent report from the Office of National Statistics, looking at UK house prices over the past 20 years (2002-2022) showed that over this period Manchester had experienced the highest level of capital appreciation in its property prices. Over the twenty years, the price of the average property in Manchester has increased from £48,845 in 2002, to over £210,000 in 2022. This represented a percentage increase of over 330%!
Whilst it’s obviously far more difficult to predict future property prices in the city, the increasing level of structural demand, driven by lower levels of supply and increasing population undoubtedly present a positive framework for clients looking to purchase a buy to let property in Manchester and the surrounding areas.
Crowned as one of the best types of buy-to-let property, student accommodation is in constant demand and is one that investors can take advantage of. As the student population continues to grow across Manchester universities and their surrounding areas, so does the need for suitable and modern student housing.
Key to the appeal of investing in student property in Manchester is the city's considerable student population, which is currently estimated to be in excess of 100,000 full-time students across three leading universities.
When it comes to residential buy-to-let, the doors are open to a wide range of tenant types, from first-time buyers and families to graduate students and young professionals.
Here at Portfolio8, we have a diverse range of buy-to-let properties available from studio flats, to three-bedroom apartments and our portfolio of property investments in Manchester provides a variety of options in great locations around Manchester.
Want to learn more about property investment in Manchester? Read our Manchester property investment guide!
Key to the success and growth of Pure Investor in recent years has been our location on the outskirts of Manchester. Strategically located to offer all our consultants easy access to Manchester, Liverpool, Sheffield and Leeds, we are regular visitors to all the major property developments within the key Northern Powerhouse destinations.
We are passionate about the growth and development within these locations, ensuring our consultants have a high level of expertise regarding the development opportunities within these key growth areas. For this reason, many investors choose to speak with Pure Investor first when considering property investment in the North England.
We genuinely believe in working with our clients, providing a high quality of service and information, allowing our clients to make their decision on a more informed basis. As a result of this, an increasing number of investors are choosing to return and utilise our services on an ongoing basis. This is something we are incredibly proud of, and which we are looking to continually improve on in the future.
If you are considering in investing in a property in the North of England, and don't fancy the 'hard sell' approach, please feel free to get in touch on either firstname.lastname@example.org or Tel: 0161 337 3890.
We look forward to hearing from you!
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Featured ArticleOne of the years most popular student investments, the X1 Cheltenham Place development in Manchester, has seen construction start on site this morning (25th November 2022). This is great news for all investors in the project, which has now seen over 100 units exchange contracts.
Published: 23 November 2022A report has highlighted the 'dire' situation facing students seeking accommodation during their students in Manchester this year. The report, released by StuRents stated that there were over 4,000 more students than available rooms in the city this year.
Published: 18 November 2022A new report by Urbanbubble has shown that rents throughout Manchester have increased by an average of 15.8% over the course of the past 12 months. A major undersupply of rental stock throughout the city has resulted in sustained increases in rents in Manchester and throughout the surrounding areas.
Published: 26 September 2019Property in the UK is widely recognised to be a great investment, but actually getting started in property investment in the UK can be a bit of a daunting task even for locals, let alone for people who wish to invest from overseas.
Published: 18 September 2019When the going gets tough, the tough work out what they’re going to do about it and in some cases the most pragmatic answer really is just to “get going” to somewhere safer. Many Hong Kong investors seem to have grasped this fact, which is why they are being driven towards the Manchester property market.
Published: 4 September 2019In the absence of any clear idea of what is going to happen, astute investors will actively look for investment areas which have an above-average chance of thriving regardless of whether or not Brexit happens and, if it does, regardless of what form it eventually takes. Manchester is an obvious choice.