Let us introduce you to Downtown - a prestigious new residential development located next to the historic quarter of Castlefield on the banks of the River Irwell.
Inspired by Manhattan’s unique skyline, Downtown is a new ‘hotel-style’ development that is set to get Manchester’s legion of young professionals chomping at the bit to sign a rental lease. It’s host of hotel-style services such as a concierge, media room, rooftop terrace, al fresco seating areas and onsite gymnasium and spa, ticks all the boxes for the aspirational Manchester audience that it is sure to attract.
With a population of 2.5 million and a workforce of 1.2 million Manchester is on top of its game when it comes to business development and, outside of London, it now has the UK’s largest economy. Attracting thousands of buy-to-let investors from both home and overseas, Manchester has always been a magnet for drawing in serious amounts of investment and is now considered one of the most mature property investment markets in the world.
Downtown is a high profile addition to Manchester’s thriving property scene and demand is expected to be high.
Why Manchester is a magnet for investment
The extensive regeneration programme that has taken place in Manchester has transformed the city and made it the vibrant metropolis it is today. With a superb reputation for financial services, computing, engineering, research, broadcasting and communications, many young people move to Manchester to seek employment and improve their standard of living.
Over the last 10 years, the number of 20 to 30 year olds living in Manchester has almost doubled and the population growth that the city has experienced is now 3 times the national average.
Manchester can also boast the UK and Europe’s largest university campus with over 85,000 domestic and international students, many of which stay in the city after graduation to find employment and enjoy all that Manchester has to offer.
In the Global Liveability Survey carried out in 2015 Manchester was once again ranked as the UK’s most liveable city. The survey, which is complied by the Economist Intelligence Unit, rates world cities out of 100 in the areas of health care, education, stability, culture and environment and infrastructure. Manchester beat all other UK cities to be rated the highest, and also beat places such as London, Rome and New York!
Manchester – the number one buy-to-let location
Manchester has been earmarked as the primary city in the UK’s Northern Powerhouse plans. With its ability to attract people from far and wide to live and work in the city, the city centre itself is now populated with high numbers of young professionals and students. This is why Manchester is regarded as the number one buy-to-let location.
In Manchester we are seeing a perfect storm of high student numbers, the highest percentage of 20 to 34 year olds in the UK and an undersupply of housing which is causing the rental market to boom. So, if you’re a buy-to-let property investor, Manchester is the place to be.
Good news for buy-to-let investors
As part of the Northern Powerhouse plans, Manchester is set to be the first UK city outside of the capital to have an elected mayor. This should facilitate more freedoms regarding the property infrastructure of the city, spelling good news for buy-to-let investors.
Manchester is already regarded as one of the top property investment markets in Europe and by giving the city more choice in the decisions that affect the city, Manchester should continue to attract significant investment from both home and overseas investors.
The perfect buy-to-let investment hotspot
Manchester has firmly put itself on the map as a city that’s a great place to work, rest and play for young professionals and students, creating the perfect buy-to-let investment hotspot.
The strong rental demand in Manchester is attracting investors far and wide so if you’re looking to enter the buy-to-let property investment market and looking for a prime location to start your portfolio then Downtown is the perfect choice.
Register your interest in Downtown now
Downtown is taking the quality and level of service offering of apartments in Manchester to another level. It’s prime location and excellent facilities make this development one of the most attractive in the north west.
Opportunities to invest in iconic developments such as Downtown tend to be grabbed quickly so we would urge you to register your interest now if you want a piece of the action.
Contact Barrows & Forrester now on 0333 3001 888 to find out how you can secure an investment in this prized development.