Experience Invest reviews why you should consider Manchester property investment in a new infographic.
In 2014, Manchester property investment volumes reached a record-breaking £1.7 billion. Despite this large amount of money entering the city, it is thought that the continued growth of the area’s economy will underpin the demand for prime rental property.
With Manchester’s population set to reach 125,000 by 2025 and a minimum of 9,000 new homes needed per annum in the city, the need for investment in real estate is clear.
Named the UK’s best location for buy-to-let returns by HSBC and Savills (to name a few), Manchester is an attractive option for landlords and investors who wish to generate a healthy rental return from property.
Manchester is at the epicentre of the UK government’s Northern Powerhouse project and is consider the UK’s second city.
Infrastructure projects such as the HS3, a high-speed railway link between Liverpool, Manchester and Leeds, the HS2 project, where it will take only 59 mins to travel from London Euston to Manchester Airport, and the One North rail project will boost the city’s accessibility.
Further investment in Manchester Airport – the biggest development in the UK outside of London – will also increase the city’s connectivity with international markets.
The Future of Manchester Property Investment
Build-to-rent project like Experience Invest’s The Residence, is a perfect example of how investors can take advantage of Manchester’s property investment market.
One, two and three bedroom apartments within The Residence are available with an early investor discount. The reduced price of the units could provide ample scope for capital appreciation in the mid-to- long-term.
In a time when tax changes have affected the UK’s buy-to-let sector, the development will provide investors with an assured 3-year income of 7% NET returns per annum.
The Residence could provide investors with a lucrative opportunity to invest an area of Manchester which is undergoing a substantial regeneration.
For more information about Manchester property investment, contact Experience Invest today.