Any UK investor knows Manchester is topping the charts when it comes to buy-to-let property investing. Manchester’s growing population, robust economy and diverse culture make it a bucket list addition to any property portfolio. Read on if you want to find out why you should invest in Manchester’s residential property is a fantastic option right now:
Why Choose Manchester?
Manchester City Centre has become one of the United Kingdom’s prime locations for investors. Invest in Manchester for its strong property market is offering investors extremely attractive rental yields and with a capital growth of 3.5% per annum, Manchester is your place to invest if you wish to make big returns from a thriving rental market.
As the capital of the North, the city offers high-quality educational establishments, a variety of businesses and excellent transport links. A recent survey found that 35% of people who graduate from a Manchester University stay in the city for employment. Young professionals are appealed to the ‘instragrammable’ lifestyle, due to Manchester’s vibrant nightlife and upcoming hub for technology innovation.
In addition to the arrival of new businesses and residents, Manchester is also growing out to be a massive international gateway – well connected by road, rail and air. The government even announced a £1 bn investment, to double the current size of Manchester International Airport.
Property Market Forecast
The UK Government has invested in multiple projects to restore Manchester as the powerhouse in the North of England. This area can now compete with the popularity of London and the South in different fields. Media businesses, as well as other industries such as financial services, engineering and technology, have been growing exponentially due to regeneration initiatives by the Government.
As one of the most consistently high performing cities in years gone by, the growth potential and rental market are only set to surge upwards. Due to the influx of FTSE 100 companies setting up shop in the city’s innovative North Manchester business and technology district (also known as NOMA), in conjunction with the plans for HS2 running directly through Manchester, the local economy will be thriving for many more years to come.
For all the reasons explained above, Manchester is popular with young professionals, now finding their way to the North. This pool of young talent need apartments and houses to stay in, preferably new and luxurious. The rental market is clearly soaring, and so are the potential yields, often higher than offered in London. Experts estimate that if the population keeps on growing at the same pace, so Manchester will have 1,500 more families than houses in ten years’ time. It goes without saying now is an excellent time for property developers to create new homes in the city.
Invest In Residential Property
Buy-to-let or residential properties are still a great investment for mid-to-long-term plans. Sure, being a landlord isn’t for everyone and the housing market tends to fluctuate, yet real estate will always be a solid investment and a way to increase your cash flow. Especially in a property market that is bound to flourish for years to come such as Manchester.
Real estate consistently increases in value over time and outperforms other investments. With residential property you need patience, luckily it isn’t as vulnerable to short-term fluctuations as the stock market. And obviously, the tax benefits for investment properties are well worth looking into. Basically, it’s always a good time to buy real estate.
Ancoats, Manchester
Ancoats is an up and coming residential area in Manchester’s innovative business and technology district (NOMA). Just a 5-minute journey on the tram separates Ancoats from Manchester Piccadilly and Manchester Victoria Stations and it’s also home to some of the city’s trendiest bars and restaurants. Already, Ancoats was voted in the top 10 trendiest places to live in the UK, appealing mostly to the young-professional demographic.
NOMA will provide over 2.5 million square feet of brand new and renovated office spaces, alongside hotels, retail and leisure spaces for an urban city lifestyle. Providing over 5,500 jobs of which over 600 highly skilled roles, this area will certainly provide a massive boost to the local economy of Manchester and a much-desired area to live in.
Our latest investment opportunity is situated in the heart of Ancoats, called Ancoats Gardens. The building itself will contain a multi-story gym, rooftop gardens, underground parking and luxury apartments built by Beech Holdings, the North West’s most renowned property developer. Each apartment regardless of whether it’s a 1 Bed, or 2 Bed or 3 Bed, has been built to an exceptional standard. They are spacious, modern living spaces, perfect for young professionals who are keen to enjoy a city-centre lifestyle.
To invest in Manchester please get in touch to speak to one of our experts, contact@advantageinvestment.co.uk.
