Apartments with a more high-quality and luxury edge are amongst some of the most popular types of property for young professionals. Manchester investment opportunities at RW Invest include luxury apartments like Caxton Hall apartments located in Manchester city centre, with impressive guaranteed rental yields of 9% for two years.
But it isn’t just young professionals that are contributing to the high levels of Manchester’s young people. The student population in Manchester is one of the largest in the UK, with around 85,000 students studying in the cities prestigious institutions. Much like the appeal for those moving from London to work in Manchester, there are plenty of benefits to living in Manchester vs London. The cost of living in Manchester for students is a lot lower than it would be in other UK cities. Not only that, but Manchester has everything a student needs in a city, with a lively nightlife, rich culture, and fantastic shopping and attractions.
International students make up a large portion of Manchester’s student numbers, with the University of Manchester welcoming around 5,135 students, the UK’s largest number, back in 2016. Since a large percentage of overseas students are from more affluent backgrounds, the demand for high-quality purpose-built student accommodation is at an all-time high. Today’s students are spending more to rent accommodation that’s a cut above the rest, refusing to settle for the dingy university halls and shared housing that once dominated the student property market. It is for this reason that student accommodation investment opportunities now include a big focus on more private luxury apartments that are fully furnished and equipped with things like high-speed Wi-Fi and round the clock security and maintenance.