Investments into the city of Manchester see no signs of slowing down and residents (and investors) can look forward to continued development from the Northern Powerhouse initiative which has seen £1bn of investment from the Government into Northern regions of the UK, which aims to further improve Manchester's economy, housing market and employment opportunities.
Transport infrastructure will also see 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 continue 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.
Demand for Buy-to-Let property in Manchester is high from investors due to the strong rental market in the city, with residents and students looking towards high quality accommodation that suits a spectrum of needs from transport to lifestyle. A recent report by HSBC revealed that Manchester was voted the second best location in the UK for buy-to-let property investment and with a combination of long-term capital growth and some of the highest rental yields in the country, it’s no wonder so many investors are turning their attention towards Manchester property investments.
Manchester is home to around 99,000 students, studying across the 4 Greater Manchester universities and over 350,000 students across the 22 surrounding universities that are within an hour’s drive from Manchester. It’s clear to see that Manchester has become a focal point among students both from the UK and overseas and the demand for suitable accommodation continues to grow every year. With generous returns and high spec student property investments in Manchester, investors have a wide range of options when it comes to investment property for sale in Manchester.
Whether you’re looking for Buy-to-Let, student accommodation or commercial property investment in Manchester, here at Hopwood House our experienced team offer a free consultation to help you make the right investment decision, whether you are buying or selling investment property.
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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.
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.
As Manchester continues to be one of the biggest economic powerhouses in the UK outside of London, investors can have confidence the city is only going to get bigger and better within the next decade.
Manchester is undeniably a fast moving and vibrant city and 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 Northern Powerhouse initiative 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, the city has something to cater for every taste and budget for anyone looking to purchase investment property for sale in Manchester.
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, creating exciting opportunities for property investment in Manchester.
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.
Published: 20 November 2018Manchester – Britain’s Second City. A contentious claim for sure, but it’s one I’m sticking with. I’m a proud (Greater) Manchester lad, so I’m allowed to be biased, however the evidence to back up this claim is undoubtedly impressive.
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