10 Reasons to Invest in Manchester and How We Can Help You
Driving into the city each morning I'm constantly astonished by the rapidly changing skyline full of glass, hope, and ambition. Manchester has been awakened to stand up tall and take our rightful place among the world's other major cities. The Spirit of Manchester is alive and well and the changing face of our city is reflecting our resilience, unity, strength, and solidarity in overcoming challenges.
Our amazing city has experienced phenomenal levels of investment in recent years due to several key factors. Rapid property growth in Manchester can be attributed to increased demand for housing, urban regeneration projects, a thriving economy, and strategic infrastructure developments. Additionally, the city's diverse economy, with strengths in finance, technology, and healthcare, has drawn business and global investment. Manchester's vibrant cultural scene, educational institutions, and improved infrastructure further contribute to its appeal.
Overall, Manchester's strategic positioning as a dynamic and growing urban centre has made it an attractive destination for national and international investment. As the city attracts more businesses and residents, property values have risen, creating a dynamic market.
As a property investor, it's essential to stay updated on local developments and market trends for a more nuanced understanding of Manchester's positive trajectory.
10 Great Reasons to Invest in Manchester
1. Booming Rental Market: Manchester's growing population, coupled with its strong economy and thriving job market, ensures a steady demand for rental properties, offering landlords great investment potential.
2. Rental income potential. The city's thriving economy, diverse job opportunities, and renowned universities contribute to a consistent demand for rental properties.
3. Affordable Entry Points: Compared to some other UK cities, property prices in Manchester may offer more affordable entry points for individuals looking to invest in property.
4. High Rental Yields: Compared to other major UK cities, Manchester offers competitive rental yields, offering landlords attractive returns on their property investments, especially in popular rental areas.
5. Global Recognition: Manchester's international reputation continues to grow, attracting expatriates, internationally sponsored students, and professionals seeking rental accommodation in the city.
6. Student Population: With multiple universities attracting students from around the world, Manchester has a significant student population, creating a lucrative market for student accommodation.
7. Economic Growth: As a key hub for business and innovation, Manchester continues to experience economic growth, attracting professionals and entrepreneurs in need of rental housing, particularly in areas close to business districts such as Manchester Airport and Airport City, North Manchester General, Manchester Royal Infirmary and Salford Royal hospitals, Media City at Salford Quays, the Trafford Centre and Trafford Park.
8. Urban Regeneration Opportunities: Manchester's ongoing urban regeneration projects allow landlords to invest in up-and-coming neighbourhoods, where property values and rental demand are likely to increase over time. Ongoing regeneration projects in areas like Ancoats and New Islington enhance property values and attract tenants seeking modern amenities.
9. Transport Connectivity: Excellent transport links, including tram networks, bus services, and major train stations, make Manchester easily accessible, enhancing the appeal of rental properties located within convenient commuting distance of the city centre and the suburbs.
10. Cultural Attractions: Manchester's vibrant cultural scene, with its museums, galleries, theatres, and entertainment venues, attract residents and tourists alike, contributing to the city's appeal as a desirable place to live and rent property.
11. Diverse Neighbourhoods: From trendy urban districts such as the Northern and Green Quarters to leafy suburban areas like Didsbury and Chorlton, Manchester offers a diverse range of neighbourhoods, catering to different tenant preferences and lifestyles, allowing landlords to target various rental markets.
How can we help?
Firstly (as you can probably tell by our narrative!) we are genuinely enthusiastic and proud of our city, at the core of our business we believe that we are here to serve, drive growth, and help our clients find good solid investments; to provide great quality rental homes for their tenants.
We can be your feet here on the ground so to speak and we can tailor our service to your individual needs. We work with each of our investors on a one-to-one basis, whether they be first-time and new to the market, or experienced investors with larger portfolios. Our services range from property sourcing and arranging refurbs and furniture packs to full letting and tenancy management.
As a starting point, I offer a free 25-minute consultation for new clients.
Connect with me at
sharon@lettingagentproperty.com
https://www.linkedin.com/in/sharon-penaluna-25051228/
or save our number 0161 834 0801 into your Contacts to Call or WhatsApp me.