Manchester is continuing to prove itself as a top global city

 

Manchester was recently named one of the top cities in the world. As an attractive place to live and work in, the city’s property market is also seeing strong prospects for the future.

There is rising appeal and demand to live and work in Manchester. The city has beat out London as one of the top cities in the world. In a survey of 27,000 city dwellers by Time Out, Manchester was named the third best city in the world.

The Northern Powerhouse city was voted top for creativity, community spirit, friendliness and nightlife. In the index, it’s the top city in the UK and is only behind San Francisco and Amsterdam.

On a number of occasions, Manchester has been named the most liveable city in the UK. With a range of cultural offerings and new developments and investment, the city has become more and more appealing to live in.

Additionally, Manchester was ranked the best city for business in Europe last year. The city is also among the top locations for startups. This further shows the appeal of the thriving city on a global scale.

Strong house price growth

Manchester’s property market has remained particularly resilient due to the uncertainty caused by COVID-19 and Brexit. The sector will likely see additional growth throughout the coming years.

In Zoopla’s 20-city House Price Index, Manchester is home to the second strongest house price growth in the past year with a 7.7% rise. The average price of property is £193,900 there, which is still well below the £234,000 UK average.

National estate agency Savills has forecast the north-west of England to finish 2021 with a 10.5% rise in house prices. In the five years to 2025, house prices are predicted to rise by an impressive 28%. And Manchester is expected to be a part of this house price growth.

Growing rental demand

Rental demand is also strong across the north-west, and this includes Manchester. The latest data from ARLA Propertymark revealed the wider region saw the highest average number of new prospective tenants registered per estate agency with 166 in July. This is well above the average of 102.

On top of that, the north-west also saw the largest month-on-month fall in void periods in August, according to Goodlord. The average void period in the region dropped by 10% from 20 days in July to 18 in August. This further shows the rising demand in the city and region’s property market.

Rental demand will likely rise in the coming years as more people and businesses are moving to Manchester. Together, these factors make it a great city for property investment.

BuyAssociation has a range of investment opportunities available in Manchester. Sign up for first access to our best deals, and get in touch for more information.

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

UK Rental growth doubles

Manchester is continuing to prove itself as a top global city

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.