Manchester is now considered one of the best property investment hotspots in the UK. Here’s Why.
Manchester has been named as the third best city in the world, so it’s no surprise that so many property investors are looking for buy to let opportunities in the region. Consistently voted as one of the best places to invest in property in the UK, Manchester delivers high rental yields and strong capital growth for investors.
Manchester is considered one of the UK’s most rapidly developing cities, leading the transformation of the North West of England.
Through a significant focus on growth and large-scale investment—most notably the MediaCityUK hub—Manchester is now a beacon for big business and company headquarters and is home to BBC, ITV, Ericsson, and Kellogg’s.
This has stimulated population growth, placing greater demand on Manchester’s rental sector. As a result, an influx of property investors has been drawn to the city to take advantage of the available properties and the high rental yields.
With certain Manchester postcodes reaching up to 10% in rental yields in 2024, investment properties for sale in Manchester are gaining momentum. Therefore, it’s a great time to start setting your property investment goals and looking at the best buy-to-let areas in Manchester.
The average price of newly built properties in Manchester is below the national average, with one-bedroom apartments starting from as low as £127,000. With the potential for immediate returns and capital growth opportunities, Manchester is a highly attractive proposition and one of the best areas for investment
We’ve been selling off-plan properties and buy to lets in Manchester for many years, so we know the market well. We’ve seen that buying in Manchester and surrounding regions can provide investors with substantial returns and exciting prospects
We have a team of dedicated property investment consultants in Manchester who are available to discuss off-plan and buy-to-let properties for sale in Manchester
With such a vast array of buy-to-let and residential property investment opportunities in Manchester, each offering high rental yields and strong capital growth, finding the right property investment for sale in the city is key to ensuring you can achieve your specific investment goals.
We are an award-winning agency with extensive experience with the Manchester property market. Our dedicated buy-to-let portfolio offers many opportunities for new and existing property investors.
You can reach them by phone or email or drop by our Manchester office located in Deansgate.
A member of our expert property investment team is available now to provide you with details of the Manchester property investment opportunity that’s going to be a great addition to your property portfolio.
Known as the ‘Capital of The North’, Manchester’s economy rivals that of London, and the region of Greater Manchester hosts upwards of 2.8 million people. The city is one of the UK’s most favourable property investment hotspots to consider, particularly for buy to let properties.
Named as The Most Liveable City in The UK by The Economist, Manchester is a metropolitan city renowned for its culture, two world-class football teams and successful musicians. Each year, it draws in hundreds of thousands of visitors to experience events, sports matches, concerts and local tourism.
Huge investments from the government and key stake holders are revitalising neglected areas of Manchester and the zones surrounding the city centre. An estimated 632,000 jobs are expected to be created over the next decade, bringing a wave of new residents to live and work in Manchester. With the population increasing and local investment at an all-time high, Manchester is the ideal location for any investor looking for high rental yields and capital growth.
Manchester Property Investment in 2024 is set to continue the upward trend it has experienced in recent years, with both Manchester rental yields and Manchester property prices set to increase.
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.
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.
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.
Manchester is rapidly becoming one of the UK’s most developed cities, huge swathes of commercial and residential regeneration are making it a goldmine for buy-to-let investors. In the past 24 months alone, £1.6billion has been invested in to the city as part of the Northern Powerhouse initiative.
The projects Spinningfields and MediaCityUK have seen the likes of AstraZeneca, Siemens, Barclays, BBC, Google, Kellogg’s, and RBS set up in Manchester. All of whom brought their affluent workforce with them.
The 200-acre site of MediaCityUK alone houses the BBC, ITV, Ericsson, and Salford University. As a result, demand for the housing in Manchester has increased rampantly. A 2020 study by Zoopla in revealed that the supply and demand ratio of properties in Manchester was an astonishing 1:5.
In the Economist’s Global Liveability Index, Manchester was named as the best UK city to live in. The index ranks 140 global cites on factors including political and social stability, crime rates, education, and access to healthcare.
Manchester has produced some of the biggest names in music, ranging from Take That to Oasis. The clubs, bars and music venues frequently see performances from stars of every genre. Manchester is an undisputed music heavyweight, but the city has much more to offer than just its extensive music history.
Outside of music, the city offers highlights including the Museum of Science and Industry, Imperial War Museum North, Whitworth Art Gallery, The Lowry, HOME, and the Manchester Art Gallery.
The culture of Manchester cannot be discussed without mentioning football. The city is home to 2 Premiership powerhouses, Manchester City and Manchester United. Estimated to have a combined 200 million supporters across the globe, these 2 clubs are bastions of life in Manchester.
Greater Manchester has one of the largest student populations in Europe, with almost 100,000 students studying at 5 institutes of higher learning.
The University of Manchester is one of the UK’s best institutions and sits comfortably in the Top 20 on the University League Table 2023.
Campuses are based around Oxford Road in the south of the city, making this one of the key investment areas.
Manchester’s superb education, excellent graduate job opportunities and low living cost have meant its retention of graduates is one of the highest in the country. This creates a surge in demand for places to live in Manchester and as a result property investors are able to benefit from young professionals looking for places to rent in Manchester.
MediaCityUK is a mixed-use property development located between Salford and Trafford, which has transformed the property investment potential in Manchester and surrounding areas.
Transforming the former disused docklands, the extensive media complex is now home to several media outlets such as the BBC, ITV, as well as the University of Salford and has created thousands of jobs since construction started in 2007. With such a boost to the local economy, phase two is now underway, set to add to the growing number of media companies, shops, restaurants, and other amenities.
As a thriving business hub, more young professionals are gravitating to the region for work, creating a high demand for buy-to-let properties in Manchester. If you want to invest in buy-to-let in Manchester, it’s worth considering developments with easy access to MediaCityUK.
Located in the heart of Manchester city centre, Deansgate is considered one of the most desirable places to live owing to its accessibility to just about everything Manchester has to offer. The area has a mix of residential and commercial properties which heightens the appeal for young professionals looking for rental properties in Manchester.
For property investors looking for buy-to-let properties in Manchester, Deansgate projects rental yields averaging around 6%, ensuring investors are able to capitalise on demand and gain a substantial return on their property investment.
The Northern Quarter of Manchester is a vibrant and exciting community located in the centre of Manchester. Home to a wide variety of shops and dining outlets, it’s well recognised for its distinctive creative scene and artistic culture.
Considered a Manchester ‘neighbourhood’, it’s become a popular destination for both buy-to-let property investors and for those looking to rent in Manchester.
Ancoats
Old Trafford
Salford
Castlefields
Blackfriars
NOMA
New Islington
Manchester is a fantastic place to invest in buy to let properties. With consistently high rental yields, strong capital growth and increasing tenant demand, Manchester is considered one of the best places for property investors to make a good return on investment.
Manchester has many property investment hotspots. Notable areas which offer rental yields above 6% include postcodes M5 to M12 which are also experiencing extensive transformation.
Manchester has experienced significant House Price Growth over the past few years, reaching a 15.6% annual change in the past 12 months. Though the rate of growth is expected to slow in 2024, this presents a great opportunity to get into the Manchester Property market.
Manchester has grown significantly over the past two decades. This is due to large scale government investment seeking to level up the North of England economically. As a result, the employment and tourism markets are booming and many people are looking to live, rent and stay in the heart of Manchester.
The average house price in Manchester now stands at £241,956. This is an increase of £67,833 since 2020 where the average house price in Manchester was £174,073.
While the UK rental yield average sits at around 4.71%, Manchester continues to exceed this with gross rental yields reaching up to 9.7% in key areas of the city.
If you’re ready to benefit from Manchester’s robust rental yields, strong capital growth and extensive buy-to-let opportunities, take a look at some of our key property investments in Manchester or speak to a member of our investment team by contacting us directly on +44(0)203 819 7366
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.
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