Manchester property investment
Manchester is one of the UK’s best performing property hotspots and offers investors the chance to secure stable rental returns from a flourishing buy-to-let market.
As property prices rise in London, Manchester’s property market has seen an influx of investment from investors who wish to purchase a property at a lower entry level and secure a stronger return on their property investment.
Over the last few years, the city has experienced a wave of investment, especially in the Build to Rent sector. Despite an influx of new properties available on the Manchester market, there remains a need for investment to keep up with demand.
In this article, the property experts at Experience Invest look at how Manchester has becoming a hotspot for investors and landlords.
According to the experts at JLL, Manchester is one of the country’s most attractive locations for residential property investment.
The rapid growth of the city’s population, partly caused by the city’s graduate retention rate, strong employment growth and a positive forecast surrounding Manchester’s economy, have helped to create a property market which is set to outperform most other UK towns and cities over the next five years.
High levels of private investment in the Build to Rent sector has contributed to a flurry in available stock, with an estimated 9,000 new apartments set to be built in the city’s centre over the next few years.
Manchester’s growing economy is showing no signs of slowing down. The city is widely considered as a global economic hub and is a cultural and historic favourite for investors based overseas.
Property investment in the north west
In recent years there has been a trend in investors in London who are now looking to other UK cities to secure a lower entry level onto the property market.
As property investors shift their attention away from London and towards north west England – Manchester and Liverpool – the property market has experienced a resurgence in sales and rentals.
Property in Manchester offers stable rental yields and, in some cases, investors may benefit from an uplift in the pricing of housing due to demand.
For investors considering buying a property to rent out in Manchester, a check of the local area – including its proximity to the city’s centre and transport links – may help to determine the best part of the city for investment.
Experience Invest’s latest project, the Residence Manchester, is close to the popular Deansgate and Greengate areas and is just a short drive from the ever-popular Salford MediaCityUK.
The development is in a great location which will allow investors to secure strong rental returns from a rental apartment within a fully managed scheme. The Residence Manchester is an ideal option for investors who wish to secure a passive income from one of the UK’s best property hotspots.
Experience Invest Manchester
Established in 2004, Experience Invest is one of the most property investment companies in the UK. With years of experience selling investment property in Manchester, Experience Invest has a proven track record and has worked with developers to deliver high-quality, new build housing.
If you are considering investing in a property in Manchester, contact Experience Invest for more information.