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Property investments Manchester
Named as the third best city in the world, Manchester is a fast-growing metropolitan city, home to the UK’s largest creative and media hub. As such it has been consistently voted as one of the best places to invest in property in the UK.
MANCHESTER PROPERTY 2022 - ALESCO RECOMMENDS
Wardour Point is a Manchester Property Investment Opportunity, located directly between Manchester City Centre and Salford, on the emerging Regent Road. Approved for lettings, it’s a short distance from Media City and ideal for the young professional. With 6% rental yields projected, it’s a buy-to-let investment property in Manchester that’s leading market demand.
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Manchester Property - High Rental Returns
Manchester possesses one of the highest average rental yields of any city in the UK, coming in at 5.16%. Coupled with that, the average property price is £600,000 lower than that of London’s average. An investor could purchase and then rent out multiple properties with a far more significant yield in Manchester for the same price they could only buy one property in London.
Increasing property value
In line with other major cities in the Northern Powerhouse, Manchester has seen property prices rise swiftly. Manchester property saw a staggering 37.42% growth between 2016 and 2021, showing resilience even through the tumultuous lockdowns.
It’s worth noting that no other cities in the UK fared as well as Manchester over this period. Whilst the Northern Powerhouse saw steady growth it wasn’t on par with Manchester, and London property fell by 11.79% over the same period.
Huge Growth In Demand
Manchester’s ratio of rental properties to the demand is currently at 1 to 5 and the massive demand is only going to increase. Manchester’s high graduate retention rate coupled with the with massive job creation from the investment and regeneration only stand to push demand for rental properties even higher.
Download city guide
Download city guide
Download Manchester city guide
Interested in Manchester Property Investment? Download this useful guide which highlights the city’s growing property market, expansive transformation and local benefits that make Manchester a UK Investment hotspot.