Manchester property investment has never been so lucrative. Its 2.5 million population is a key reason so many companies have invested in relocating to the city. With 70 of the FTSE 100 now having headquarters in Manchester, it attracts some of the biggest companies in the world.
It is also hugely popular for ambitious startups, tech companies and investors, more so than London. This is because it is so much cheaper than London, meaning far more investors are looking at Manchester for better opportunities.
According to JLL UK City Centre Forecast 2020, we can expect to see Manchester property investments to gain both the highest Sales Price Growth and Rental Price Growth (17.1% and 16.5% respectively) over the next five years. This is notably higher than the UK average.
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Why Choose Manchester for Property Investment?
Manchester contributes a significant amount to the UK economy. As the world’s first industrialised city, Manchester has much to offer tourism, investors and its own residential population. The ever-growing demand for high quality serviced apartments, affordable prices and increasing rental costs are just some of the main reasons why investors are seeking opportunities for property investment in Manchester.
According to Hometrack’s UK House Price Index for 2020, Manchester property prices have increased by 3.9% over the past year. This makes Manchester the second best place for price growth in the UK after Nottingham, but beating all other northern cities such as Liverpool.
Manchester Student Property Investment
The most profitable area for Manchester property investment is undoubtedly student accommodation.
The city is home to over 99,000 students, including around 19,000 international students. The universities based in Manchester include:
- The University of Manchester
- Manchester Metropolitan University
- Manchester Business School
- The Royal Northern College of Music
Manchester has the highest percentage of international students, with over 180 nationalities choosing the city for higher education. This equates to an ever growing demand for higher living standards than what university-owned accommodation can offer. This is where property investors can make the most of their investments.
Many international students and students from the UK no longer want to settle for low-quality halls of residence or tired terraced houses. Students want safe, premium, purpose-built accommodation where they can study, relax and socialise in peace. In a bustling city like Manchester, accommodation which is secured and in safe areas has never been more important.
Sterling Woodrow: Your Trusted Property Investment Company for Manchester
It’s never been more important to find a property investment company for Manchester that you can trust. Whether you are a first-time investor looking to understand your options and make the first steps towards building your portfolio, or an experienced investor looking for someone to effectively manage your investment, our team goes the extra mile to deliver exceptional service and results.
Manchester Property Investment FAQs
Manchester is one of the stand-out locations for property investment in the UK. With an economy which rivals London, property investment in Manchester offers high rates of capital growth and exceptional rental yields.
Manchester also has the highest student population in Europe, making it a hotspot for student accommodation investment. If you were unsure about investment property in Manchester, student accommodation can be a great place to get started.
It depends on the kind of investment you are looking to make. For buy-to-let opportunities, we’d recommend looking to Salford Quays. With the new Media City, it is now a global Hub for digital and creative sectors helping to attract 70 of the 100 FTSE 100 companies to settle themselves in the City. It has over 200 companies including BBC, ITV, SIS, BUPA, Cussons and many more.