| Property Type | Average Property Price | Average Rental Price | |
| flats and Maisonettes | £210,000 | £1,050 | |
| Terraced Properties | £236,000 | £1,283 | |
| Semi-Detached Properties | £308,000 | £1,372 | |
| Detached Properties | £437,000 | £1,740 | |
Manchester Has One of the Best Property Markets in the UK
Manchester is thriving, with both public and private investment in the city aiding with regeneration projects and creating a boom in property prices. Off-plan apartments have seen particular growth, especially when located around Manchester’s fantastic city centre.
In fact, according to the UK House Price Index, the average house price in Manchester was £253,061 in October 2024, over £30,000 lower than the national average property price of £292,059.
The city itself is a hub of connectivity, with trams, buses, and cycle lanes to navigate the inner city, and major railway stations and motorways connecting to the rest of the UK.
Manchester airport is also close by and easily accessible by car or public transport, making international travel a breeze.
Thriving Population
Manchester’s population is growing rapidly. The Office of National Statistics reports that from 2011 to 2021, there was a recorded growth of 9.7% over the 10-year period, over 3% higher than the national average.
The latest State of the City report from Manchester City Council projects that the city centre population alone will increase to 100,000 people by 2025. This will push house prices up significantly as demand for homes builds in the area.
Areas like Salford and Greengate are rapidly growing in popularity, with new premium apartment builds in high demand.
Consider getting ahead of the market and locking in an off-plan property today. An off-plan property will put you in a good position to own a top-of-the-line central Manchester apartment while they are more affordable, ready to capitalise on that investment in years to come.
View our off-plan property investment guide
Leading the Way For Business in the UK
Manchester has the second largest economy in the UK and growing rapidly – at twice the rate of London’s economy since 2014.
Manchester city centre, in particular, is home to 10% of all employment in the area, with over 150,000 people working there by 2025. It is also expected to have a local economy worth £6bn a year by the end of 2025.
House Price Boom & High Rental Yields
Despite houses in Manchester being a lot more affordable than the national average, Land Registry data shows the average property price rose by 12.4% – faster than the national average!
High rentals are also a key point for investors in Manchester, with the M14 postcode recorded as having an average rental yield as high as 12%!
High Student Retention Rates
There are several prestigious universities in Manchester, bringing thousands of students to the city.
Current estimates indicate there are over 100,000 students in Manchester, and around 46% stay after they graduate to work. Student property in Manchester is highly sought after.
To learn more about Manchester as a fantastic place to invest, read our Manchester Property Market Report next.
Download the 2025 Manchester Property Market Report
