According to a recent report by HSBC, Manchester is the number one buy-to-let location in the UK. With is vibrant economy, affordable property prices and large young professional and student population, it’s not difficult to see why this is the case.
In Manchester we are seeing a perfect storm of high student numbers, the highest percentage of 20 to 34 year olds in the country and an undersupply of housing which is causing the rental market to boom. So, if you’re a property investor, Manchester is certainly the place to be.
Good news for investors
Over the last few months there’s been lot of talk in the media about the Northern Powerhouse effect and when it comes to property investment Manchester has definitely been at the hub of everything that’s been happening. And with Manchester set to be the first UK city outside of the capital to have an elected mayor, this will facilitate more freedoms regarding the property infrastructure of the city, which should spell good news for investors.
Manchester is already one of the most popular investment markets in Europe and it is hoped that by giving the city more choice in the decisions that affect the city, that it will continue to attract significant investment from overseas, especially China and the US.
Rents on the rise
A key factor that is attracting property investors to Manchester is the aforementioned undersupply of property which is pushing rents to an all-time high. Rents have risen by 4% over the last months and this is forecast to continue, leaving investors with excellent high rental yield opportunities as well as superb potential for capital growth.
If you are looking for property investment opportunities in Manchester then you should be acting now to make the most of the current market. Give us a call and we’ll start the ball rolling.