- Average of 8% house price growth
- Average house price is £185,700
- Average rent of a one bedroom in the city center in January 2022 was £758
- Rental yield in the M14 postcode is 11.25%
- Manchester has developed into a vibrant city attracting professionals and students alike
- Strong demand for property
- University city
Manchester has two of the UK’s leading universities, Manchester Metropolitan University and the University of Manchester. It is home to more than 100,000 students. The demand for housing in Manchester is driven by the large number of students who study at the city’s universities. Manchester has a number of real estate developments that cater to the needs of students, including purpose-built student accommodation. The demand for student housing in Manchester is having an impact on the city’s residential property market, with prices rising in recent years.
Vibrant city
The city has a lively and vibrant atmosphere, with a huge range of bars, clubs, and restaurants to choose from, making Manchester an attractive city for students and young professionals.
Capital of the North
Manchester has long been considered the capital of the north. The city is home to a number of major media organizations, including the BBC and ITV. In recent years, Manchester has undergone a regeneration project, which has seen the city become cleaner and more vibrant.
Employment opportunities
Manchester has undergone a remarkable regeneration in recent years, transforming itself from a gritty industrial city into a vibrant cultural hub. This transformation has attracted businesses to locate themselves in Manchester, leading to plenty of opportunities for employment. In fact, Manchester has seen an 84% growth in employment from 2002 to 2015. This leads to good quality tenants who pay their rent on time, which is good news for landlords.
These factors are all reflected in the housing market. House prices in Manchester have been rising around 8% a year for the past few years, and the average price of a house is now £185,700. Despite this increase, Manchester is still an affordable city to live in. There are a variety of different types of housing available, and it is possible to find properties to suit all budgets. Whether you are looking for a starter home or a luxurious penthouse, Manchester has something to offer.
Check out our developments in Manchester which offer an attractive yield and investment opportunity.
About the Author
Sophia, who is Head of Property Investments at CI-Associates, draws upon her wealth of experience in investment strategy, property economics, and sales to offer clients valuable insights on a daily basis. Fluent in both Spanish and English, Sophia is dedicated to educating Ci-Associates’ clients on the key factors that drive successful property investments and how to sustain high performance over time. Whilst providing accurate and dependable market analysis and insights, Sophia specializes in assisting overseas investors in optimizing their property investments.
