Location: Manchester
Why buy in Manchester?
If you are an investor looking for a high-return location in the UK, look no further than Manchester. It is a fast-growing city hub with a rapidly growing population and lucrative property market.
Manchester property investment is becoming an attractive opportunity for overseas investors that you don’t want to miss out on. Manchester’s anticipated growth is seen in its expanding population, projected to reach 625,000 by 2030. With 10,700 properties in development, this imbalance means property rentals and home prices are at an all-time high.
But this isn’t all that Manchester has to offer; it also has world-class infrastructure, great employment opportunities, and a booming economy.
Sold yet? You can read below for more information about investment in Manchester property.
Economic Surge and Strategic Growth
Valued at over £6 billion annually, Manchester’s economy is growing thanks to its bustling city center.
According to Oxford Economics, the regional economy is worth more than £62bn, and the city is experiencing rapid job creation. Growth is forecasted to continue at 16.4% over the next five years.
Manchester is a nurturing ground for unicorn startups, with companies valued at over £1bn. It also hosts global giants like Amazon and Microsoft, enhancing its appeal to both domestic and international investors.
Manchester is also a hotspot for the buy-let student market, with over 100,000 students located in the city, a vibrant nightlife, and some of the top universities in the UK, such as the University Of Salford and the University of Manchester; student accommodation could be an excellent choice for investment Manchester property wise.
Property Price Growth
Investing in Manchester’s property market offers a promising opportunity for high returns. With house prices rising faster than the national average, investors can anticipate significant returns bolstered by the city’s robust economic growth.
The Northern Powerhouse Project
Manchester’s role in the Northern Powerhouse reinforces its status as an economic powerhouse, making property investment in Manchester even more appealing. The Northern Powerhouse government-backed project aims to boost economic growth across the North, enhancing Manchester’s investment potential.
Manchester Connectivity
The extensive public transport networks within the city, as well as the convenient rail, road, and air links to the rest of the UK and the world, all contribute to the city’s success and attractiveness to people and businesses.
Manchester Airport
Manchester Airport has completed its £1bn masterplan project and is the UK’s only twin-runway airport outside London. It is the international gateway to the North of England and is a significant factor in Manchester’s attractiveness to international students and businesses.
Metrolink tram and the bus network
The Metrolink tram connects everywhere in Manchester city centre to the outlying boroughs with an affordable and easy service. Over 40 million journeys are made on the trams yearly to 100 stops across the region, including popular spots like Chorlton, Didsbury, Altrincham, Manchester Airport and many more.
Trains network
Manchester Piccadilly, Victoria and Oxford Road stations give access to the rest of the country, offering easy travel to other major cities, including London and Birmingham, and some of the UK’s most in-demand beauty spots like the Peak and Lake Districts.
Train times from Manchester:
Train Network:
London: 2 hours(s) 8 min(s) Birmingham : 1 hours(s) 32 min(s) Edinburgh : 3 hours(s) 4 min(s) Peak District: 0 hours(s) 43 min(s) Lake District: 1 hours(s) 0 min(s)
