Figures (Nationwide Building Society) released in January 2014 showed that Manchester had the fastest growing house prices in the UK in 2013, showing a 21% growth through the year. With the BBC having recently relocated 2,500 staff to its new iconic MediaCity headquarters in Manchester, the demand for property in Manchester looks set to continue increasing in the near future.
Unlike nearby Liverpool, Manchester has little connection with the sea and instead made its trading credentials through canals, rail and road – much like Birmingham. With the M6 motorway network (including the M60, M61 and M62) running near the city, travel to Manchester can be achieved in around 3 hours from Glasgow and Cardiff, with London around 3.5 hours away.
Manchester has been recognised as the major city experiencing the fastest growth in England, with more than 500,000 people living within the borough. Thousands of people commute into Manchester daily, with most living in the outlying towns including Oldham, Stockport and Rochdale. Religious and ethnic diversity in Manchester and the Greater Manchester area is incredibly diverse, leading the line throughout the country behind London. The majority demographic is a 66.7% White population, whilst 17.1% of Mancunians are Asian, 8.6% are Black and 4.7% are of Mixed Race. With three universities in the city, Manchester is also home to around 75,000 students during term time.
With rising student numbers every year, more and more investors are seeing student property investment in Manchester as a worthwhile investment.
A recent report from the Nationwide Building Society showed that the price of property in Manchester increased by over 21% in the past year, a clear sign of the considerable increase in demand for city centre property in the region.
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A fast moving and vibrant city, Manchester is today one of the most desirable locations for investors seeking high yields and strong capital appreciation in the UK property market.
Whilst recent years have been characterised by the relocation of major corporations such as the BBC and ITV to central Manchester, the development of the governments new 'Northern Powerhouses' project looks set to offer similar impetus for the next decade and beyond. From world class football teams including Manchester United and Manchester City, through to leading educational establishments such as the University of Manchester, Manchester Metropolitan University and the Manchester Business School, modern day Manchester has something to cater for every taste and budget.
According to a recent report by HSBC, Manchester was voted second best location in the UK for a buy to let investment property, with rental yields delivering returns of approximately 8.00% for investors. When capital appreciation is added into the investment equation, it's easy to see why the demand for buy to investment properties in Manchester city centre has grown so significantly in recent months.
At the heart of the Manchester recent renaissance has been the new development at Salford Quays, as significant levels of investment have turned the area into one of the most desirable locations for young professionals in the north of England. Far removed from the urban decay seen throughout Salford Quays in the 1970's and 80's, Salford Quays is now a thriving commercial and residential district, which is home to some of the UK's leading corporations including the BBC and ITV.
The new MediaCity, the catalyst around which Salford Quays has grown, was a development put in place to counter balance the traditional media industries throughout central London. Today, a large number of corporations have chosen to make MediaCity and Salford Quays their home cementing the areas identity as one of the UK's leading commercial centres. Arguably the highest profile of these corporate relocations was the BBC's decision to move over 2,000 staff from their offices in central London to the new stunning new Northern HQ offices on the banks of the Salford Quays.
Understandably, such a large increase in employment throughout the area placed a significant demand on the local property market, and today both short and long term rental accommodation in Salford Quays is in high demand. Whilst a number of high profile residential developments were launched in the Salford Quays district in the past two years, the demand for buy to let property in Salford Quays is today at an all time high, with investors both in the UK and overseas keen to capitalise on the increasing demand for rental accommodation. We offer a wide range of investment properties for sale in Salford Quays and the surrounding areas such as Old Trafford and Stretford, and new developments such as those at Adelphi Wharf and MediaCity have proven hugely popular with investors.
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Exit strategies tend to be one of the most avoided, and for a lot of investors, the most confusing part of property investment.
How you can restructure or maximise profits from your property portfolio.
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Published: 20 March 2018Construction on Downtown Manchester is well underway with the main civil operations up, the basement car park slab and associated drainage have now been completed.
Published: 6 March 2018Construction on the Landmark is now well underway and in line for the revised completion date of Q3 2019. The pilling is now completed on site with the basement retaining walls now making good progress.
Published: 14 November 2017The North-South divide gets closer as the North West becomes the fastest growing area for UK property prices.
Published: 26 May 2017Fortis Quay is planned to become a premier residential destination, perfectly situated within the heart of Salford Quays. Grapnel Apartments is the third and most recent phase to be lunched, comprising of 272 one and two bed apartments across 12 floors.
Published: 7 April 2017Statistics have shown half of the top 20 best buy-to-let investment hotspots are located in the Northern University cities. This has led to many UK cities seeing a dramatic growth in average yield.
Published: 29 March 2017Over the past few years Manchester has been the investors favourite due to developments offering some of the highest yields in the UK. Manchester has been recorded to have the fastest property price growth in the UK with 8.8% growth.