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Having been active in the Manchester property market since 2015, Surrenden Invest has seen the city flourishing as a result of an influx of both modern renters and residential property investors. Now, it seems that we are not alone in recognising Manchester’s excellent potential. According to the Economic Intelligence Unit’s 2018 Global Liveability Index, Manchester has become the UK’s most liveable city.
Rising 16 places up the index to 35th, and leap-frogging London on the way, Manchester has ensured that the North of England is firmly on the map when it comes to global living standards. Along with Paris, Manchester was highlighted as recording the biggest improvement over the past year, both in terms of its overall score and its stability rating.
As a global business centre, Manchester offers myriad employment opportunities, both to workers and to entrepreneurs looking to launch their own start-up ventures. The city also has a rich cultural offering, from the Royal Exchange Theatre’s Hamlet and the country’s top arts centre to the “most intriguing art gallery” (the Whitworth Gallery) and some of the best libraries in England. Rough Guides highlighted all of these factors and more in June 2018 when it flagged up Manchester as the UK’s new cultural hotspot. Of course, there is also a rich musical heritage in Manchester, with contemporary residents enjoying a huge variety of live music.
For property investors, the city’s economic opportunities are too exciting to ignore. Regeneration work is delivering a booming city centre lifestyle, with well-located residential properties much in demand by private renters. The buy to let sector is responding, with developments such as Middlewood Plaza capturing investors’ imaginations.
In the heart of the £1 billion Middlewood Locks regeneration corridor, just 10 minutes from the city centre, the apartments, townhouses and duplexes offer stylish living with superb facilities, from the inclusion of smart technology as standard to the luxurious private roof terrace. In-vestment in the capital quality residences starts from £153,000, with 5.0% net yield.
Offering the ‘big city buzz’ but with a friendly atmosphere and superb transport connections, Manchester’s rise to glory in the Global Liveability Index is easy to comprehend. With property price rises of 30.25% over the past five years (according to Zoopla), so too is its attraction to investors with a keen eye for profitability.
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