Why Manchester Is the Best Place for Property Investment in the UK?

Best Places to Invest in Property

Manchester rental yield increased more than other UK cities in the last five years. As a result, many new investors are buying Manchester properties. In July 2017, prices increased 34 per cent in Manchester and 38 per cent in Salford compared to the preceding seven years.

Some of the reasons for high investor interest in Manchester properties are –

• The Manchester property market is supported by higher yield, affordability, and growth.

• The city is number one in the property market as per Gocompare reports, the price comparing website. Its ratings are based on the average property price and rental yields. Other factors include supply and future investment growth.

• The city has a vibrant economy with a large skilled workforce, four universities with over 100,000 students, and many places to invest. 

• There are several FTSE 100 companies in various employment sectors, including media, insurance, finance, technology, and business. In addition, it is predicted that there will be new jobs in science and technology, which can increase the workforce by 10 per cent by 2020.

• On an average of 5.5 per cent, Manchester rental yields stand the highest in the UK.

Property Investment In Manchester

There has been a great demand for property in Manchester. One of the largest property portals in China, Juwai dot com, published a report stating there has been a 255.6 per cent increase in inquiries related to Manchester properties in January 2018 compared to January 2017.

Salford is the most active investment market, where the price acceleration is predicted to continue until 2020. Other popular areas include the City Centre, Droylsden, and M14 Postcode.

The latest forecast in property investment records stability in the housing market before acceleration in 2020.

Most global reports on property investment claim the properties in Manchester are undervalued, and there is a lot of scope for growth. It has become difficult to get an affordable house in the city due to a sudden increase in price and high rent rates. One of the biggest challenges in property investment in Manchester was the connectivity to northern cities and London. 

The new Rail project along the Manchester-Bolton-Preston line and investments in the Airport station project in Manchester linking the city to Yorkshire and beyond gives room for further expansion. These projects will subsidise bus routes, ease congestion and provide an assortment of options for transportation to passengers.  

Compared to London, Manchester is expected to grow 67 per cent higher in terms of returns on property investment, whilst there are many long-term opportunities in real estate available in the city.

There is a demand for 10,000 new homes each year in the city, and some new residential and commercial projects aim to fulfil these growing demands.

To get some of the most affordable commercial and residential high-quality assets in Manchester, UK, Contact Hamilton International Estates.