Manchester Property Investment Guide

Manchester is the fastest-growing city in the UK for population and jobs with it looking on track to meet its ambition to be in the top flight of world class cities by 2025. It continues to be the go to place for property investors with its great yields, thriving economy and increasing rental demand.

Why invest here?

Market Intelligence

Sales Market:

37.9% – House price increase between 2015 – 2019 (House Price Index)

4.7% – Year on year growth Nov 2018 – Nov 2019 (Hometrack)

60% – Less for average price of flat in Manchester compared to London (House Price Index Nov ’19)

24% – Predicted house price growth (Savills North West Report Nov ‘19)

Rental Market: 

£1332 pcm – Average asking rents (Zoopla Jan 2020)

2.9% – Year on year growth (Hometrack Q4 2019 report)

24% – Earnings spent on rent for single earner (Hometrack Q4 2019 report)

11% – Predicted rental price Forecast 2019-2023 (CBRE)

Transport 

Road – Manchester is at the heart of a great motorway network with the M60 providing easy access from North South and West.

Rail – Manchester offers direct connections to most major UK cities. When passengers arrive at Piccadily or Victoria stations, the can connect with Metrolink trams for convenient access to the city centre.

Air – The Manchester Airport is a major international hub located only 9 miles from the city centre. It connects more than 200 destinations worldwide and even has direct routes to 9 US cities.

HS2 – The second phase of the HS2 which includes Manchester is due to open circa 2035 and will cut the time it takes to reach London from 127 minutes to 67 minutes. It will be a catalyst for the region’s growth delivering new jobs, new homes and new opportunities for Manchester cementing it at the heart of the Northern Powerhouse. These factors coupled with the transport connections it will have and the boost the economy will and is seeing means Manchester is top of the leader board as a superb buy to let UK location.

Regeneration

The regeneration that has taken place in Manchester over the years, current and future projects has led to it becoming a thriving city. It has proven its attributes to be seen as the leading the way for the Northern Powerhouse. They are numerous developments and regeneration going on within the city of Manchester which has attracted jobs and rental demand. One of the major redevelopment projects that has showcased this has been ‘MediaCityUK’. This is a hotspot for business, housing and investment. It includes big names such as ITV, BBC and Kelloggs.

Education

With its vast student population echoes Manchester’s reputation as a first-class student destination. The city region has one of the largest student populations in the UK and Europe with over 100,000 students across five universities. This means more student accommodation demand and with 66% of graduates adding to the city-region’s talented workforce, means Manchester is a great UK property investment area. 

Business 

From the birthplace of the industrial revolution to most successful city for attracting foreign direct investment outside of London and winner of ‘Best UK City for Business 2019’ (Management Today). Manchester is an important economic engine driving the country’s growth and prosperity and has a GVA of circa £62.8 billion putting it at the heart of the Northern Powerhouse.

Summary

Manchester is a world-class city offering a great place to work, live, study, a great hub for business and has excellent transport infrastructure and links. When we factor in these attributes along with its affordable property prices and strong rental demand, it really is a great place for property investing. Manchester has had excellent capital growth over the current years and displays the fundamentals for that to continue.

View our Manchester property investment options here.

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