Manchester
A CITY ATTRACTING GLOBAL ATTENTION
Manchester has long been regarded as the UK’s go-to market for buy-to-rent investors who have enjoyed sustained year on year rental and capital growth. Values in the centre of Manchester have nearly doubled since 2008 and rental values have increased year on year by over 6%.
Manchester has risen to global prominence for a number of reasons. The modern, striking architecture of the city has given it a new, dynamic feel, while balancing beautifully with a warm, welcoming population. According to the Economic Intelligence Global Liveability Index, Manchester is the most liveable city, outstripping London, Edinburgh and all other UK cities.
Now, the UK’s second major city Manchester continues to develop at an extraordinary rate, with an ever evolving skyline of unique architectural buildings being testament to this. The Manchester residential property market is booming, and it’s not set to slow down anytime soon.
This significant growth wouldn’t be possible without the influx of professionals seeking convenient rental accommodation in Manchester city centre. In fact, Generation Y (those born in the 80’s and 90’s) makes up 89% of the city ’s population growth, which fuels the growing demand year after year.
As a result of Manchester continued property market growth, London is seeing less and less prominence. Average property prices in the capital decreased by 4.1% in 2019, whilst rental growth dipped to its lowest since October 2010. In contrast, Manchester ’s average property prices increased by 5.5% and rental values increased by 6.5%.
The challenge now for investor is to find pockets of Manchester that are still undervalued and primed for long term rental and capital growth. As the UK’s leading investment consultancy Surrenden Invest have exclusive access to the best buy-to-rent opportunity’s in Manchester.
MANCHESTER MARKET SNAPSHOT
Sales Market
Rental Market
Manchester Portfolio
On Location
Resources
Regeneration
Over the course of the past 20 years, Manchester has been home to some outstanding regeneration successes. The £1.5 billion Spinningfields project is an excellent example of Manchester’s recent regeneration work, as is the new Middlewood Locks neighbourhood next to Salford Central railway station. Meanwhile, the £800 million NOMA project is transforming a 20-acres site into office, retail, leisure and hotel space.
Transport
The HS2 high speed rail network is due to open services to and from Manchester in 2033. As such, the city’s stations are benefitting from substantial expansion work. Manchester Victoria has already undergone redevelopment, at a cost of £48.5 million. Manchester Piccadilly’s transformation is outlined in a ‘once in a century’ vision that will see the entire station rebuilt. Such superb transport connections support Manchester’s position as a top buy to let property UK destination.
Neighbourhood
Manchester is home to vastly diverse neighbourhoods. One of the most sought after is Ancoats, which has been named the hippest place to live in the UK (TravelSupermarket) and the 13th coolest on the planet (TimeOut). The stunning new Middlewood Locks area is also well worthy of attention, with recent regeneration work creating an inviting new urban district.
Yields
Several Manchester postcode areas were some of highest yielding in UK in 2017 and 2018. The city’s large body of private renters and rapidly rising rents mean that property investment companies are giving it their full attention, with the city ranking as one of the best property investment UK options available.
Our commitment to you…
Asset Backed Investment
Strong Sustainable Demand
Off Market Developments
