Strong Rental Market
A strong rental market makes Manchester a top location for property investors. There are several reasons why Manchester has a thriving rental market:
Property Investment in
Manchester
A hotspot for property investors.
A hotspot for property investors
Manchester is a hotspot for property investors due to its reputation, strong outlook, and growing economy. If you are in search of affordable and profitable property for sale in Manchester, Property Geeks can help you make a wise property investment in Manchester. Multiple factors make Manchester an attractive property investment destination:
Growing Demand on Rent
Manchester is a city full of young people who are more likely to rent rather than own property. Many young professionals come to Manchester to seek career opportunities or education. Manchester’s student population is almost 100,000. Therefore,Manchester is the perfect destination for buy-to-let property investment. Manchester also offers various opportunities for investors interested in student accommodations. Manchester has an amazing reputation as a student city; hence we can only predict the increasing number of local as well as international students coming to Manchester. The graduate retention rate is 51% which means that most of the graduates choose to stay in the city and build their career in Manchester.
High Rental Yields
Manchester’s rental market offers rental yields up to 7.98%. On average, rental yields in Manchester can be around 5.5-7%, based on the location of the property. This indicator is above average in the whole UK and it even tops London, where rental yields are around 4%. The growing demand for rent and temporary accommodations have led to a high return on investment. This promising tendency is attracting more and more property investments in Manchester.
Affordable and Growing Prices
If you are intending to buy a property for sale in Manchester, buying a property in Manchester is still cheaper than the UK average, the property prices are regularly growing. This growth is only a positive sign for the investors. Despite the COVID-19 pandemic, in 2020 property sale prices have increased by 5.7% according to the Financial Times. This trend is a hopeful sign for all the investors who are considering investing in Manchester’s property market.
Manchester – Second-Largest Economic Hub
Manchester is home to many international as well as local companies. Manchester is ranked as the best location for the company’s new headquarters by Cushman &Wakefield – international property experts. Since Manchester is centrally located and very well connected with the rest of the country, many European businesses choose the city as their central location. Over 60 banks are operating in Manchester and 40 of them are owned by international enterprises. Additionally, Manchester is a distribution hub for companies such as Adidas, Procter & Gamble, and Kellogg’s. The location as well as the city’s ambition to become more internationally recognized have turned Manchester into a strong economic hub. All this economic strength that is gathered in Manchester makes the city responsible for 10% of employment in the UK.
Manchester has been an international city for quite some time. The international reputation of Manchester is created by various multinational companies that operate in the city as well as many events that have taken place in Manchester over the years. Manchester has hosted the Common Wealth Games, the Rugby World Cup, the UEFA Champions League Final, and various other sports events that have brought many international tourists to the city. To contribute to Manchester’s internalization, there have been made sizable Investments in Manchester Airport city. The airport will connect the city to the rest of the world better. The new terminal will create more destinations and bring more international investments to Manchester. Manchester is an international city and while London’s economy has struggled noticeably after Brexit, Manchester has been able to overcome obstacles and continue its growth. This can only be a result of Manchester’s growing economy, steady development, and increase in international investments.
Manchester - International city
Manchester has been an international city for quite some time. The international reputation of Manchester is created by various multinational companies that operate in the city as well as many events that have taken place in Manchester over the years. Manchester has hosted the Commonwealth Games, the Rugby WorldCup, the UEFA Champions League Final, and various other sports events that have brought many international tourists to the city. To contribute to Manchester’s internalization, there have been made sizable Investments in Manchester Airport city. The airport will connect the city to the restof the world better. New terminal will create more destinations and bring more international investments to Manchester. Manchester is an international city and while London’s economy has strugglednoticeably after Brexit, Manchester has been able to overcome obstacles and continue its growth. This can only be a result of Manchester’s growing economy, steady development, and increase in international investments.
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