Manchester New Builds
New Build Manchester Investments
Manchester is a thriving UK city that boasts one of the most attractive city centre investment markets in Britain. One investment area in which Manchester is known for is its off-plan market, with the variety of new builds Manchester offers bringing plenty of potential to savvy investors. City centre living and ongoing regeneration projects have been pivotal to the success of new build Manchester investments. Together with a thriving student market and limited housing supply, demand for stylish and modern new builds in Manchester has escalated. In this guide, we look at the reasons why Manchester new builds are so popular in the investment world, and why you should consider a new build Manchester investment of your own. Keep reading to find out more.
Why invest in New Build Property in Manchester?
Demand for New Builds in Manchester from Students and Young Professionals
Emerging as the North of England’s cultural and entertainment hub, many tech companies are now relocating to this bustling city, boosting the economy and skyrocketing its population by 26% with employment forecasted to increase by a further 4.3% over the next five years. Because of the city’s booming business scene, many young professionals and graduates are choosing to live and work in Manchester, and boosting the demand for new builds in Manchester. A steady continuum of young professionals are seeking new build Manchester opportunities located in an urban environment – the city centre. Boosted by the Northern Powerhouse initiative, connectivity across Manchester is exceeding all expectations.
For investors seeking a lucrative new build opportunity in Manchester, it is the student population that remains a key driving force behind the city. Spread across four universities is a student population in excess of 85,000, a vital component when it comes to buy to let Manchester new builds. The rapidly transforming city has the highest retention rate of students after London, with an immense figure of 50% choosing to remain in the city after they graduate. Similarly, 6 in 10 Manchester-born students who move away to study return to their home turf of Manchester upon completion.
High Growth from the New Builds Manchester Offers
Manchester has seen the fastest growth in England and Wales, surpassing that of London, with its population increasing by a total of 149% and a job growth of 84% over a 13 year period. New build properties are developed to be in keeping with this progressively saturated market. House price growth in Manchester is among the highest in the country, with an expected rise of 24% by 2024 for property prices in the North West region.
The opportunities for new builds Manchester offers are increasing in popularity due to a competitive off-plan price, making this a more prosperous and modern strategy for individuals hoping to secure a prosperous investment thanks to high capital appreciation – even before the completion date. Over the duration of owning a new build in Manchester, investors can start to see a stable increase in value on the property before the unit is even tenanted.
Choose RWinvest For Your New Build Manchester Investment
Explore our site to discover our very latest residential and student property investment opportunities in Manchester. We have a range of luxury Manchester property investments for sale, with excellent growth prospects and high rental yields. Alternatively, contact RWinvest directly, and we’ll be more than happy to provide you with full details.
We are one of the leading Manchester property investment companies, with a choice of fantastic new builds for Manchester investors to choose from. Whether you’re interested in Manchester property investments or Liverpool investment properties, our experts will be more than happy to offer insight into the best buy to let areas as well as provide floor plans and detailed financial breakdowns for all our properties.