The city of Manchester is one of the best places to invest in Europe.
With a student population of over 100,000 and a rapidly expanding group of young professionals, Manchester property investment provides real estate investors with an opportunity like no other.
1. Manchester Is the King of Capital Growth
For most investors, long-term house price growth is one of the most vital criteria of a successful investment.
And Manchester offers higher capital growth potential than anywhere in the UK.
Over the last 20 years, Manchester property prices have increased by a staggering 289.42% – higher than any other major UK city.
Predictions in place from JLL are suggesting Manchester prices could soar by an additional 3% in 2023 alone, making now the perfect time to invest before prices get even higher.
2. Massive Rental Demand Stemming From Undersupply
Manchester has recorded one of the highest rental demands in the UK.
A report from Zoopla in 2020 found that current rental market demand in Manchester outweighs supply by 5:1.
This increased even higher in 2021, with Urbanbubble recording that Manchester had its lowest ever rental market supply, with less than 500 available apartments.
This poses a huge opportunity for investors in 2023, with tenancy almost guaranteed if you provide properties with the right facilities needed to capture the attention of Manchester tenants.
3. A Huge Young Population to Target
Young people are the lifeblood of a rental market, with those aged between 18-34 typically the most likely age group to rent.
Excitingly for investors in the Manchester property market, the city has one of the youngest populations in the UK.
With an average age of 33, around 37% of the city is aged 18-34, providing a huge supply of available tenants waiting for quality apartments.
This is what makes apartments to buy in Manchester city centre such a hot commodity, with the ability to make sizeable regular rental returns from a consistent supply of tenants.