Image: Marketing Manchester
Manchester’s landscape and skyline are constantly evolving as new projects are changing the region. Skyscrapers are dominating the skyline as ambitious regeneration plans are set to transform the city dramatically. Through revival comes a new-found love for the city, not only amongst the people of Manchester but for tourists from around the world and property investors that see masses of opportunity.
A combination of world class educational facilities, a bustling nightlife and thriving shopping districts, with a well renowned financial district which draws in professionals from around the UK, solidifies Manchester as a vital global city.
Further advancements to existing transport infrastructure make Manchester an obvious choice for property investment as well as creating a good option for anyone looking for a stable place to invest. The introduction of HS2, Manchester’s new high-speed rail aims to strengthen transport facilities across the city and is already leading to an increasing demand for property, both from those living in neighbouring regions, cross country and overseas.
Over the last decade, Manchester has witnessed an injection of over £8.2 billion worth of investment, helping to establish the city as a leading economic and cultural hotspot outside of the capital. London’s property market is dwindling significantly, leading to a mass exodus as people move up North in search of lucrative property investments. Manchester offers excellent growth potential, particularly as the city is benefiting from being a major player in the government’s Northern Powerhouse initiative.
As Manchester is gaining momentum as being one of the most desirable places to live, work and invest, the city offers an abundance of potential for the forthcoming years. The thriving city centre is catching the attention of savvy property investors as there is a growing demand for luxury apartments. Manchester is quickly becoming a commercial hub as well as a city for business, therefore a new standard of living aims to accommodate the new influx of graduates and young professionals perfectly. From 2011 to 2017, the population increase was 4.6% as the current population currently sits around 532,000.
Although Manchester city centre is becoming a melting pot for investment, it is important not to disregard the potential of the suburbs, which can often see you getting more for your money. Suburban life creates imagery of rural areas set back from the main bustle of the city centre. In theory, you are not wrong, and when you begin to unpick the advantages of investing in these locations you will understand how prosperous it can be.
Suburbs such as Ancoats, Castlefield and Salford Quays are sitting on the outskirts of Manchester city centre and often offer a more affordable way of living, particularly for the 100,000 plus students calling Manchester home. RW Invest, property investment specialists, are a renowned company that perform thorough due diligence on all their investment opportunities. RW Invest source properties in the most convenient locations and offer would-be buy to let investors high-end, luxury developments below market value.
Manchester property presents some of the best rental yields in the country alongside strong capital appreciation which has grown by over 7.5% in the past year compared to the UK average of 4.6%. The Northern Powerhouse initiative runs central to Manchester and is a scheme central to bolstering the city’s economy, providing a fantastic opportunity for investment. If you are thinking of investing in property, Manchester is booming, and the market is always getting stronger.