Manchester Investment Guide
Want the latest on Machester Property Investment? Check out our 2024 guide for the latest stats and insights!
Investing in Manchester Property
Offering a growing business scene, thriving student population, vibrant culture, and exciting prospects, Manchester is the ultimate place to live, work, and invest.
There are so many reasons why this northern city is considered a top UK property investment location.
Acting as the largest regional economy outside of London and growing two times faster than the capital since 2014, Manchester is one of the most important regeneration success stories of the 21st century.
It has been utterly transformed over the decades with vast levels of investment. Regeneration hotspot areas like Greengate Manchester are attracting many people to the city and encouraging investment in exciting newer developments like the Embankment Exchange.
Those interested in Manchester property investment can expect some of the most impressive rental yields throughout the whole of the UK.
You can expect affordable property prices and fantastic prospects when it comes to capital growth, too.
Pair this with the fact that more people are moving up to Manchester from London in recent years, and it is clear why there’s such a high demand for quality property in the city.
The city as a whole is on the rise, and the time to invest in Manchester has never been more apparent.
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Manchester Property Investment in 2024
A Booming Property Market
It is evident from the Manchester skyline that the region’s property market is booming.
Over recent years, Manchester has evolved into one of Europe’s best digital and technology sectors.
This is why large companies such as the Co-Op Group, BBC and Kellogg’s all reside here, which has helped grow Manchester’s reputation as one of the youngest UK cities.
Almost 70% of the employment in the city centre region is in the knowledge-intensive industries, making it incredibly accessible for young professionals looking for opportunity.
Manchester has multiple expanding regeneration schemes throughout the city, allowing people to see the real beauty in places that were once forgotten and neglected.
There is a social scene full of start-up entrepreneurs, founders, and dreamers hoping for success.
However, while the opportunity is vast and world-class leisure facilities are available, property prices remain lower than in the capital city.
For these reasons, Manchester and locations like Liverpool are widely considered the best investment property UK hotspot in 2024.
Manchester is home to some of the most prestigious universities and big names in the business scene, boasting some of the country’s highest student retention rates at 51%- second only to London.
According to the UK House Price Index, the average price stood at just £214,010 in early 2022, a 4.56% rise compared to 2021.
As of September 2023, this figure reached a total of £243,985 – an increase of 14%.
House prices in the North West region have been predicted to increase by an impressive 20.2% by 2027.
But it’s not just house prices rocketing upwards; rental prices are also rising in the North West.
Homelet found that the average rental value was 9.1% higher in November 2023 than in 2022.
This means any investor who takes the plunge now would see high rental yields and capital appreciation in years to come.
A Thriving Nightlife and Student Scene
As well as accessible transport links to different cities across the country, Manchester also offers a range of new bars, restaurants, and shops that residents can enjoy.
Not only this, but universities in Manchester take on more students every year.
With a student population of over 96,200, Manchester is one of the biggest student cities in Europe.
The city also boasts a substantial international student population, with 17,500 students hailing from overseas.
The increasing number of fresh-faced professionals entering the Manchester scene every year continues to expand the already prosperous economy.
Investors will find Manchester is a place of wealth, culture, and history, with a consistent demand for new properties and developments in the city centre and the outskirts.
Consequently, as a Manchester property investor, success is easily within grasp.
In our Manchester property investment guide, you’ll find out more facts and figures about the city’s property market, along with information on regeneration projects and the overall economy.
If you’re keen to learn more about buy-to-let investment in Manchester, read our up-to-date buy-to-let news and our Manchester off-plan guide.
For information on other top UK cities for investments, take a look at our area guides.
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I can honestly say they have put my mind at rest from day one answering all my questions I had , true professionals, I am not experienced in buying off plan or for a rental income but I have to say the process has been smooth from sales to Chloe in client care and now I’m handed over to the final stage for the site visits
I feel very relaxed and happy with how amazing the team have been. I I can’t wait now to see the end built ! Thanks 🙏
I have had the pleasure of experiencing exceptional customer service from RWinvest. Adam and Michelle were remarkable and were exceedingly supportive in facilitating the acquisition of two properties in Liverpool, at "The Gateway." Their guidance was instrumental in the purchase of the properties and I express my utmost satisfaction with their assistance, and I am inclined to not only endorse but also consider any property advertised by RWinvest.
I am very happy and satisfied with RWinvest. Their team was always responsive, supportive and friendly throughout my investment process. Thomas from RWinvest team was especially very supportive and he made sure that I have all the necessary information at the right time. He helped me with all my queries, and helped me to complete my investment process smoothly and with peace of mind.