Buy-to-let property investment in Manchester – The right Manchester investment properties for the right investors.
Manchester is the UK’s sixth largest city and second most populous urban area. Buy-to-let property in the city is some of the most sought-after in the country and property prices there rose by 8.9% in 2016 – the second fastest rate in the UK.
Rental property in Manchester is in such demand that the city is one of the top property investment hotspots in the UK. Home price inflation is at its highest rate for 12 years due to an under-supply of homes. Manchester apartment prices have risen by 25.88% over the past five years and over the coming five years, home prices are projected to grow by 26.4%.
Manchester has a buoyant economy, with GVA forecast to grow by 2.8% per year from 2014-24, to over £72 billion. The city’s growing population is expected to exceed 625,000 by 2025. Meanwhile, years of housing undersupply means that the city has 40,000 fewer homes than it needs. With house price inflation at a 12 year high in 2016, it is perfectly positioned as a leading buy-to-let hotspot.