Property Investment Manchester

The metropolitan city of Manchester is one of the most vibrant and creative cities in the UK. With a thriving student population and a strong job market encouraging young professionals to relocate to this Northern powerhouse, it comes as no surprise that Manchester is a desirable location for property investors.

Property Investment in Manchester has never been so lucrative. Its sheer population is a key reason so many companies have invested in relocating to the city.

With 70 of the FTSE 100 now having set up camp within the city, it attracts some of the biggest companies in the world.

It is also hugely popular for smaller 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.

The average rental yields were 6.8% which came out as the highest average yield than anywhere else in the country. Some yields have reached far higher, 8%, 9% even 10% or more. Resale value has also seen a huge increase. With areas of Manchester, such as M5, seeing a jump of 34% in just 3 years, and Media City seeing a 32% rise.

With high numbers of post-graduates choosing to reside permanently in Manchester after their studies, it has a huge effect on young professionals buying homes in the area. This will continue to push demand in both the buy-to-let and first time buyer’s market.

The list of reasons to invest in Manchester is long. From Salford Quays, Media City, the size, student population, as well as the figures surrounding its impressive rental yields. All make Manchester one of the property Investment hotspots of not just the UK but of Europe.

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Why Invest In Manchester?

As the 3rd largest city in the UK, Manchester has much to offer tourism, investors and its own residential population. The name Manchester is famous throughout the world for its sports teams, Manchester United and Manchester City, United probably being the most widely supported sports team of all time.

Manchester has the largest proportion of young people than any other UK city. It is also the highest yielding city for buy-to-let property. Many choose to reside in Manchester as it has all the same shops, bars & cafes that can be found in London but in a more friendly environment.

17.1%

Projected increase in property prices in Manchester over the next five years (2020-2025)

16.5%

Projected rental growth in Manchester over the next five years (2020-2025)

5.55%

Average rental yield in Manchester, compared to an average of 3.05% in London

The Main Areas for Property Investment in Manchester

The most profitable areas for property investment in Manchester are in student and property investment.

Manchester has the highest student population in Europe, with two major universities and two more specialised centres for higher education. The Salford Quays area alone contains around 20,000 students with 36% more postgraduates than the UK average. The demand for higher living standards for International students is growing, whilst the university-owned accommodation is just not able to deliver such standards. Manchester University has admitted itself that it lacks the accommodation for this demand, and relies on private companies to house its huge enrolment of students. University of Manchester, Manchester Metropolitan University, Manchester Business School and the Royal Northern College of Music are all situated in the same area, creating competition for students to acquire the best property available.

This means the demand for student accommodation will always be present.By no means is Manchester only a student city. The number of post-graduates who decide to reside permanently in the city is incredibly high as young professionals have plenty of reasons to live there. Media City is home to companies such as the BBC, ITV and over 200 other companies. Manchester’s residential market ranges from houses for young families, to apartments for young professionals. With the level of business interest accumulated in Manchester over the past decade, these young professionals are in a position where earning potential is bright. This will have a direct effect on how much is willing to be paid on mortgages. Our own research and predictions are that a 20% rise in property prices is underselling the area, as we expect to see far higher increases over the coming decade.

Investing in Property in Manchester with Sterling Woodrow

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. 

  • Total of 75 years’ experience in the property market 
  • UK-based and international offices for home and overseas investors
  • Excellent scores on Trustpilot noting our knowledge, professionalism and return on investments

Manchester Property Investment FAQs

Where should I buy investment property in Manchester?

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. These companies push up the average salary. It is a key part of the overall Manchester economy, helping it to grow by over 14% since 2004. At Salford Quays alone tourists spent £251 million in 2012 and all together Salford has 7900 separate businesses. In several studies, it is suggested that Salford has some of the most desirable residential property in the UK.

Investment Opportunities

Learn more about our investment opportunities in Manchester and the surrounding areas including hotel rooms, student accommodation, and care homes.

Hotels

High-growth investment sector expecting to soar

Purpose Built Student Accomadation

UK’s strongest performing asset class in recent years

Care Homes

Increase in demand with an ageing UK population

Are you ready to take the next step?

To learn more about the investment opportunities available through Sterling Woodrow, contact us today.