Manchester is another area with a solid reputation as one of the supreme buy-to-let regions.
With a population predominantly driven by a long history of capital appreciation, property values have increased by around 13% over the last 5 years.
Over 100,000 students are enrolled across Manchester’s 5 universities, producing around 36,000 graduates annually.
More than 60% of North West university graduates are likely to stay in the area to work, with around 46% specifically in Manchester. This means that businesses and landlords alike are typically presented with an expansive pool of graduates to work with.
As property prices in the entire North West region are predicted to increase by 20.2% across the next five years, there would be little surprise if Manchester was the one leading the way.
The city has seen a major transformation in recent years, seeing a significant increase in property prices. Across the last 20 years alone, Manchester has seen one of the most significant price increases in the country, with growth of 221.8%, from £74,092 to £238,461.
Presenting solid competition to London buy-to-let – and sometimes even eclipsing it entirely – Manchester properties are also relatively affordable compared to the capital’s astronomical prices.
A recent report from EY revealed that Manchester’s economy is set to be the third-fastest growing between 2024 and 2026, solidifying its status as a top destination for buy-to-let going forward.
Further Reading: Interested in buy-to-let in Manchester? Our updated overview details the local rental market, residential forecasts and the latest property values!