Manchester Property Investments

Property Investment in Manchester: Ensuring Reliable Returns

As an investor aiming for healthy returns, you might want to look north to one of the UK’s fastest-growing cities. Manchester, a long-standing economic powerhouse, is undergoing a renaissance that makes it an ideal location for property investment. With a thriving economy, a growing population and urban regeneration revitalising the city, Manchester presents strong fundamentals for substantial and sustained property price growth.

The indicators for property investment in Manchester are promising, pointing to ongoing prosperity. As the city evolves, areas that were once marked by post-industrial decline are now among the UK’s most vibrant and liveable neighbourhoods. For investors seeking stability and value, Manchester is worth considering as a future-focused city with returns to match.

Manchester’s property market holds significant potential for growth and profit. With average property prices on the rise, investors who act now can seize the opportunity for notable capital appreciation. The increase in property values further underscores why now is an excellent time to invest.

Why Manchester is the best choice for property investments?

Manchester stands out as an enticing locale for residence and employment, particularly for young professionals attracted by its promising job opportunities. Boasting the fastest growth outside the capital and spearheading property investment trends, Manchester looks set for a prosperous future.

The city's population is rapidly expanding, capitalising on the influx of individuals opting for a more affordable lifestyle away from London. Currently, Manchester holds the distinction of being the leading rental hotspot in the UK, witnessing a swift escalation in house prices. The demand for buy-to-let properties in Manchester is substantial, accompanied by some of the highest occupancy rates across the UK.

Manchester property investment stats

• 12.9%: House prices in Manchester increased by 12.9% in the 12 months leading up to November 2022 (HM Land Registry, 2023).
• 25.8%: House prices in Manchester are forecasted to increase by an impressive 19.3% during the period from 2023 to 2027 (JLL, 2022). 
• 15.9%: Rents in Manchester are expected to see a 21.6% increase between 2023 and 2027 (JLL, 2022).
• 2.8M: Greater Manchester's population currently stands at over 2.8 million (ONS, 2021).
• In the Big Six Residential Development Report by JLL Residential, Manchester claims the leading position, anticipating a 19.3% increase in sales and a 21.6% rise in rental rates between 2023 and 2027.

Explore prime investment opportunities in Manchester's top areas:

Preston

Preston property investment is a lucrative option, providing a steady stream of rental income. It has become increasingly attractive to investors seeking both stability and growth. With a mix of industries, including manufacturing, technology, and services, Preston attracts a steady influx of students, creating a consistent investment opportunity for all investors.

Ancoats

Ancoats, located in the heart of Manchester, has undergone significant revitalisation, making it a highly sought-after neighbourhood. Recognised by Time Out as the 20th 'coolest place to live in the world'. Ancoats offers a thriving property market with soaring demand, showcasing the success of its regeneration.

New Islington

With a serene marina and proximity to Manchester city centre, New Islington is a rising star in property investment. Boasting new homes and amenities, this neighbourhood has experienced substantial growth, solidifying its status as one of the most desirable places to live and work in the UK.

Deansgate:

Considered one of Manchester's premier regions, Deansgate features iconic landmarks such as the Hilton Hotel and the John Rylands Library. With excellent transport links, vibrant bars, and restaurants, Deansgate has become a leading property hotspot, attracting high tenant demand and offering an ideal investment location.

Salford Quays

Once the site of Manchester Docks, Salford Quays has transformed into a major urban regeneration success. Home to landmarks like The Lowry and MediaCityUK, this area boasts a booming economy and a thriving property market, making it a top choice for investment in the UK.

Manchester Buy-to-Let Property Price Predictions 

Predictions for buy-to-let property in Manchester indicate a promising future for the local housing market.

Industry experts JLL forecast a 6% decline in Manchester property prices for 2023. This is expected to be followed by a 1% rise in 2024, a 4% increase in 2025, and a 5% rise in 2026.

Overall, between 2023 and 2027, JLL anticipates a cumulative property price growth of 8.9% over the next five years.

Similarly, Savills projects regional house price growth predictions by 2027. They report that the North West region, along with Yorkshire and The Humber, is set to experience the highest growth in the UK, with prices expected to rise by 11.7% by 2027. In contrast, London is expected to see a decline of -1.7% in property values.

These figures highlight that the North, particularly Manchester, presents a more promising outlook for property market growth compared to the South, making it a prime area for buy-to-let investment.

Regeneration: Transforming Manchester Into A Northern Powerhouse

Due to the rapid population growth, Manchester City Council has made significant investments in infrastructure and amenities to meet demand and stimulate investment in the city. 

Voted 'the best city to live in the UK' on multiple occasions, Manchester offers exceptional transport links and connectivity for its swiftly growing workforce.

New Housing Developments

Large-scale residential projects are underway throughout Manchester. For instance, API Global has several regeneration developments, drawing investors to the area.

Improved Transportation

Manchester boasts the country's largest tram network, Metrolink, which is currently undergoing a £1 billion expansion to enhance city connectivity. Major rail projects like HS2 and Northern Powerhouse Rail will reduce travel times between Manchester and London, further enhancing the city's appeal for residents and businesses. Additionally, Manchester Airport, the North's global gateway, serves an impressive 199 destinations.

With a surging population, new residential and commercial developments, enhanced infrastructure, and a robust economy, Manchester is realizing its potential as a Northern powerhouse. The city provides property investors with numerous opportunities for solid returns and long-term capital appreciation.

Buy-to-let Property Investment in Manchester

The Manchester property market is experiencing significant growth, presenting unparalleled investment prospects. According to the JLL Big Six Residential Report (March 2023), property prices in the North West region are expected to surge by an impressive 18.8% by 2026, establishing Manchester as a secure and sound investment choice.

The city's strong economic fundamentals are the key drivers behind these optimistic projections. With a 5-year sales forecast of 19.3% and a 5-year rental forecast of 21.6%, investing in Manchester offers a lucrative opportunity not to be overlooked. Additionally, a projected growth rate of 6% for multi-family housing (MFH) by 2030 further underscores the potential for high returns.

Currently, the average house price in Manchester is £255,000, reflecting a notable 15% increase from the previous year. This rise in value translates to a substantial price boost of £34,900. These figures highlight the strength and growth potential of the Manchester property market, making it an attractive destination for investors seeking robust returns.

Why choose Orlando Reid for Property Investment in Manchester?

Orlando Reid has luxury offices located in the financial district of Spinningfields, in the heart of Manchester City Centre. Please pop into Quay Street Offices to discuss your Manchester property investment ideas.

Our Manchester estate agents have thorough local knowledge in Manchester property investments to walk you through your home buying or selling process. On the other hand, if you’re looking to rent property, our Manchester Estate Agents are glad to assist you.

We cover Manchester City Centre and the surrounding areas. If you are looking for off-plan properties or new build homes in Manchester contact our Manchester property investment experts today at 0161 676 0099

Manchester Postcode We Cover:

M1