Property investment in Manchester

Manchester is at the forefront of pioneering business ideas and innovation. As Northern England’s metropolis, Manchester is investing billions of pounds to create exciting, modern and attractive environments that will be at the vanguard of new industries. The scale of opportunity within this investment is vast and abundant.

Current Manchester Investment Opportunities:

Starting from £145,000

Manchester: Powerhouse of the North

Manchester is rich in heritage, with an established economy and a multi-modal transport network, including the UK’s largest regional airport with daily flights to global destinations. Manchester is also known for its two world-class football clubs, which alone generates a vast amount of tourism and trade.

Manchester has a widely recognised cultural and lifestyle scene, hosting the bi-annual International Arts Festival (MIF), as well as the Conservative and Labour Party Conferences at Manchester Central. Manchester boasts the largest student population in Europe, with over 100,000 students, of which 8,000 are international students.

Manchester is the international business hub of the UK, it’s a city of engineers, scientists, artists and industrialists. It attracts the inquisitive, the ambitious and the innovative. Manchester is identified by overseas investors as a source of opportunity with major strategic developments.

Key international investments include; Media City UK – home to the BBC, Airport City – one of the largest regeneration schemes in the UK with Beijing Construction Engineering Group, the Cooperative’s £800m mixed use site – Noma, and the new £750m First Street development, offering a compelling blend of culture, retail and leisure.

Manchester Residential Growth

Over the next five years, Manchester capital value growth is expected to reach 28.2% as a result of growing demand and supply. House prices in England’s north-west are set to rise by 18.1% until 2021, property advisors JLL have revealed in a recently published research paper. This data comes after a great year for Mancunian residential property, as it has already experienced a growth of 16% in capital values in 2016.

The area’s imbalance between supply and demand is one of the main reasons why the growth rate in the north-west is currently outpacing the rest of the UK. JLL predicts that, as a result of this continuing lack of supply, both rents and capital values will continue to increase drastically over the coming years. Capital value in Manchester is expected to grow by 28.2% over the next five years whilst rental prices are forecast to increase by 20.5% over the same period, (JLL February 2017).

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Sales Office

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Mayfair, London, W1J 6ER
+44 (0) 2039507939 info@thirlmeredeacon.com

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Property investment in Manchester

Manchester continues to offer investors excellent opportunities with strong price growth predictions for the next 5-10 years and demand for high-quality rental property high, all while entry prices remain reasonable, especially when compared with London. The city has experienced incredible growth over the past decade and the local property market has proven its resilience throughout the pandemic, further adding to its credentials as a good option for investors.

“In recent years Manchester City Centre has established itself as the most significant residential market in the UK” – JLL

Manchester is identified by both domestic and overseas investors as a source of opportunity with major strategic developments and regeneration continuing across the city.

Current Manchester Investment Opportunities

Starting from £145,000

Manchester: Powerhouse of the North

HOW DOES IT WORK?

Manchester doesn’t just stand out when compared to other UK cities, economically it is amongst the highest performing urban areas in Europe. Recognising the city’s economic robustness, coming out of the pandemic, Manchester has one of the strongest forecasts for economic growth in EY’s annual Economic Forecast.

Such is the economic growth that predictions for the city cite that the levels of job creation in Manchester could outpace cities such as Paris, Berlin and Tokyo in the coming years.

Whilst its economic strength is clear to see, Manchester’s relevance, longevity and its prospects for the future are also built upon the quality and popularity of the five Higher Education Institutes within the city. Manchester has one of the largest student populations in Europe, with around 100,000 students, of which around 17,500 are international students.

Year on year an increasing number of university leavers are choosing to call Manchester home, feeding into the talent pool, which has, in turn, fuelled the increase in the number of companies moving operations to the city, keen to snap up the newly qualified professionals.

An established international business hub, Manchester is a city of engineers, scientists, artists and industrialists. It attracts the inquisitive, the ambitious and the innovative.

It’s credentials as a top Digital Tech City have strengthened since the establishment of MediaCityUK that not only transformed the entire Manchester Docks and Salford Quays area, the large scale huge regeneration scheme has fast become the base for many of the city’s digital, tech and creative companies, of which there are around 10,000 that have operations in Manchester.

Manchester is rich in heritage, with an established economy and a multi-modal transport network, including the UK’s largest regional airport with daily flights to global destinations.

Manchester is also known for its two world-class football clubs, which alone generates a vast amount of tourism and trade.

Manchester Residential Growth

For many city property markets across not just the UK but the world, 2020 was an uncertain time, throughout this period Manchester has continued to see price increases and demand for homes has remained strong.

Over the past five years, the average price of a property in Manchester has risen by 35%, according to Land Registry data, and the predictions for further price growth over the coming years are equally as impressive.

Savill’s most recent price predictions for the North West region of the UK forecast 28.8% price growth over the next 5 years. The area’s imbalance between supply and demand is one of the main reasons why the growth rate in the north-west is currently outpacing the rest of the UK. To learn more about investing in Manchester download our area guide here.

Contact

Sales Office

Lansdowne House, Berkeley Square,
Mayfair, London, W1J 6ER
+44 (0) 2039507939 info@thirlmeredeacon.com

Dubai

Floor 31, Oberoi Business Centre,
Business Bay, Dubai, United Arab Emirates
+971 (0) 4 818 7277 dubai@thirlmeredeacon.com