Two thirds of property investors think Manchester is the best place to invest

 

An impressive 68% of property investment professionals think Manchester is the best city in the Northern Powerhouse to invest in, as recent research from Lambert Smith Hampton (LSH) revealed.

The study was part of LSH’s 2016 Northern Powerhouse Office Market Report and asked property developers and investors across the country for their thoughts on the region.

https://www.buyassociation.co.uk/2016/10/26/trains-trams-motorways-greater-manchesters-greatest-expansion/

For those who identified Manchester as the best place to invest reasons were plenty; from the wide variety of businesses and huge talent pool to its favourable transport links.

At the same time, however, a bit over one quarter of professionals said that they were impressed with the Northern Powerhouse and its growth potential but were unsure whether the region could ever rival London’s potential.

Matthew Scrimshaw, Head of the North Region at Lambert Smith Hampton, said: “For the Northern Powerhouse to thrive and succeed in the long-term, we still believe that the government’s money should be spent on Northern Powerhouse Rail (HS3). By focussing on connectivity within the region, rather than connecting northern powerhouse cities to the capital, it will prevent the most talented employees from being lost to London, while stimulating our regional economy further.”

The increasing investment interest in Manchester was also reflected in its office accommodation take-up figures. “Of the 941,000 sq ft of new office space which is expected to complete by Q3 2017, 34 per cent of it is already committed and the remaining stock is expected to be absorbed over the next 12 months, if not sooner,” LSH revealed.

Due to the high demand of Mancunian Grade A office space, the report forecast a 6% increase in prime headline rents in the city centre.

https://www.buyassociation.co.uk/2016/10/01/former-chancellor-osborne-chair-northern-powerhouse-partnership/

Furthermore, the research identified Salford as one of the bigger, if not the biggest, coworking hub in the Northern Powerhouse, naming the growing popularity of its Tomorrow Building and Greenhouse side as the main reasons.

Abid Jaffry, head of northern capital markets for Lambert Smith Hampton commented on the research results: “Since the recent referendum we have seen, rather unsurprisingly, that institutional investment has dropped off, but the baton has very much been picked up by overseas investors. They have been acquiring across the Northern Powerhouse and continue to do so.”

Overseas investment has not just been directed at the prime end of the market but at a diverse range of opportunities from asset management to defensive plays.”

“Manchester remains a key driving force with the larger lot sizes but large scale buys in key cities such as Newcastle and Sheffield are becoming much more commonplace and demonstrate a broadening of appeal in the Northern Powerhouse“

Highgrove Mews

High Net Yield Freehold Houses

  • Commutable to London (27 mins to central Paddington station)
  • Rental demand extremely strong with large industry presence in Reading
  • Freehold with 4% net yield

£284,955 - £457,000

St Petersgate – Stockport Manchester

New Launch - Stockport Manchester, apartments from £160,000

  • Discounted launch prices from £160,000
  • Excellent transport links with 3 trains per hour to London Euston and only 9 mins journey to Manchester Piccadilly
  • Experienced development team

Assured Rent Housing Association Leases

Assured Rent Housing Association Leases

  • Assured rent & no rental voids
  • Tenant damage cover & newly refurbished inline with requirements of a corporate sitting tenant
  • Free property and lettings management

From £62,000

Emerging Birmingham Commuter Town With Properties From Just £104,000

The emerging Birmingham commuter town where properties are selling in an average of just 24 days

  • A collection of 62 two bedroom apartments and 28 one bedroom apartments.
  • DE14 is one of the fastest selling postcodes in the West Midlands.
  • 23 minute train journey into Birmingham New Street Station.

Properties from £104,000

Mill, Stockport

The Northwest's emerging property hotspot

  • Discounted off-plan 2-bed prices from £162,000
  • Completion date - Q4 2021
  • Rental yields - 6% plus

Discounted off-plan 2-bed prices from £162,000

South Central – Birmingham City Centre Apartments

Highly anticipated 28 storey launch in Birmingham City Centre with an impressive roof garden and communal facilities.

  • 154 units across 28 storeys
  • Residential multi-media community room, gym, roof garden and sky cinema
  • Excellent future connectivity via the metro system to other key transport hubs and locations around the city

from £205,800

ba-

Talk to us

Speak to our UK property experts today: 

+44 (0) 333 123 0320

Open from 9am-6pm GMT

+852 9865 4446

Open from 9am-6pm HKT

Stamp Duty Calculator

.

Unlock members only investment opportunities and full development details. Join now – it’s free, quick and easy.

Login

Not a member? Sign up for free

Two thirds of property investors think Manchester is the best place to invest

Two thirds of property investors think Manchester is the best place to invest

Example

By submitting your details via this online form you agree to be contacted via email/phone/SMS by Direct Marketplace Ltd t/a BuyAssociation in relation to property investment and property developments . We do not share your personal details with third parties.  To view our full Privacy Policy click here.