Manchester investment continues to boost the buy-to-let market

Manchester investment continues to boost the buy-to-let market

Despite the political and economic uncertainty surrounding Brexit, the property market in Manchester and northern England continues to deny the naysayers in terms of domestic and international investment. With HS2 ‘s route being finalised recently in the city and Northern Powerhouse still grabbing headlines, house prices and rental values have risen across many northern regions, with the North West and especially Manchester at the front of the queue.

 

The latest cities report from Hometrack has recently revealed that Manchester house prices have risen by an average 6.8% compared to this time last year. There’s no doubt that Manchester seems to attract the most attention compared to other regional cities in the UK. The fact that there is a high presence of FTSE 100 companies in the city, together with nearby Salford being the home of BBC Media City has firmly put the city on the map for investors. Combine this with significant expansions to the airport and Metrolink tram system, you can see that Manchester is doing all it can to raise its profile.

 

Of course, HS2 will be a major factor as well. Talking about the recent finalisation of the HS2 route, Secretary of State for Transport Chris Grayling said: “Manchester’s brilliant businesses, shops and creative community have propelled the city from strength to strength. HS2 will give it a chance to prosper still further. The new links to the West Midlands and London will increase productivity and generate new business opportunities.”

 

All the above factors attract thousands of young professionals to the city and with approximately 100,000 students studying in Manchester as well, demand for buy-to-let properties are at record levels.

 

If you’re an investor looking for Manchester buy-to-let opportunities, contact us now. There’s plenty to talk to you about.