Category: Manchester

JLL: Annual investment in UK real estate reaches £10bn

JLL recently published their latest UK Residential Forecasts Report (Q4 2022). Crediting the UK’s chronic housing shortfall as a key driver for the property market’s continued strength and resilience, JLL forecasts that there will be a national shortfall of 610,000 homes over the next five years alone – up from their previous prediction for an already stark shortfall of 500,000. The report also provides a strong insight into the UK’s rental market, forecasting Manchester and Birmingham as leading UK cities for property price and rental growth over the next five...

Manchester rents soar as supply reaches a new low

Urbanbubble just published their Q3 report on Manchester’s rental market, revealing record high demand and record low supply of available property. This supply and demand imbalance is driving rental prices to record levels, with two-bedroom apartments up almost 21% annually. Read this blog for a headline summary or listen to our exclusive podcast on Spotify, Apple Podcasts or Google Podcasts with Urbanbubble’s Ed Howe for unheard insights, key drivers, and future market predictions. Available rental properties in Manchester fell to an all-time low last quarter, with just 360 vacant properties...

11 things to do in Manchester’s Northern Quarter & Ancoats

Whilst glistening skyscrapers and countless cranes represent a ‘new’ Manchester, it only takes a walk around the Northern Quarter to see – and indeed feel – an unmistakably Mancunian sense of pride in its industrial past. A popular hotspot for creatives, young professionals, and post-graduates to live and work, the Northern Quarter is no longer ‘up and coming’, it’s officially the here and now. Self-named ‘NQ’, the district built its reputation on a love for independent businesses, incredible food, world-class nightlife, and one thing you can’t ignore – street art...

Why Manchester is Such a High-Demand Location for Investors and Tenants

Once an integral part of Britain’s Industrial Revolution, Manchester remains one of the UK’s most important and fastest-growing cities. Performing exceptionally well this year despite challenging global circumstances, Q1 2021 saw a 34% rise in the number of properties being let in Manchester compared to the same period in 2018 and 2019, as reported in Urbanbubble’s Manchester Quarterly Report. Manchester continues to drive strong returns for investors in the form of long-term capital growth and strong rental yields. But what are the key factors to the success of one of...

Manchester a “Growth City” Says Global Real Estate Manager

Managing Director of Barings Real Estate also calls Manchester a "magnet" for attracting students and workers as his company plans expansion in the city. Summary: The resilience of Manchester’s investment market and location has been praised by the head of global real estate manager Barings Ian Mayhew called Manchester a “growth” city, predicting a prosperous post-pandemic recovery unlike other key investment cities Mayhew also highlighted the North West city’s ability to attract and retain students and new workers as a strong indicator of continued growth   The future continues to...

Property Market Activity in the UK Remains High – RICS

August 2020 saw another month of uplifts in buyer inquiries and transactions, as the UK property market continued to rebound following months in lockdown. Summary: Data from the Royal Institution of Chartered Surveyors (RICS) shows that activity in the UK property market in August continued to remain high 63% of surveyors reported a rise in interest in residential property over the month, with 61% also reporting an increase in sales The research also found a greater demand for properties with gardens and access to outdoor space following life in lockdown...

UK Property Prices Reach “New All-Time High” – Nationwide

Rapid growth in recent months saw UK property prices in August record their highest monthly rise for 16 years, underlining the sector's resilience. Summary: Average property prices in the UK have reached a new “all-time high” after their highest monthly increase for 16 years in August 2020 Lender Nationwide attributes “pent-up demand” and “behavioural shifts” following lockdown as key drivers behind recent market activity Select Property Group recorded strong global investor demand for UK property in August, particularly from buyers in the Middle East and Hong Kong   Is this...

New UK Rental Market Report Highlights Regional Differences

"A two-speed rental market is emerging" in the UK, as growth and demand falls in London but rises in most regional cities across the country. Summary: New data from Britain’s rental property market shows significant differences for investments in London and the rest of the UK The average rental growth figure for the UK nationally doubles when you exclude the losses suffered in the country’s capital over the last 12 months Demand for rental property continues to outstrip supply in key regional cities such as Manchester   “A two-speed rental...