In our latest podcast, which you can watch HERE, our host Kim Jackson, sat down with Jamie Adam, Head of Northern England at Savills.
Throughout the podcast, Kim and Jamie discussed the UK property market, with a specific focus on Manchester and the North. As a senior employee at Savills, a global real estate services provider, Jamie was able to provide valuable insights into the current market that will prove beneficial to our global investor community.
UK property market update
Discussing the UK property market, Jamie explains how UK property continues to remain the go-to investment, with a long history proving UK property investment a stable asset.
Prime city centres have seen a significant uplift in demand, with a supply and demand imbalance attracting global investors.
Global events
With the current economic events, is now a good time to invest in UK property? With many investors questioning the current market, our latest podcast provides valuable industry insights to highlight that now is in fact a window of opportunity for UK property investors holding capital, offering a more stable investment choice to the often volatile stock market.
With interest and mortgage rates predicted to come down, buyer sentiment is expected to increase, therefore supporting the UK property market and increasing property value.
The thriving Manchester market
As Select Property has over two decades of experience in transforming the UK’s skylines, predominantly in Manchester, this podcast delved into the Manchester market and how the Capital of the North is set to grow further.
A recent study by the Savills research team unveiled Manchester’s market has grown a staggering 91% in capital growth over the past 10 years. With rents also soaring by 46%, the incredible demand for Manchester is clear, with the city’s popularity showing no signs of slowing. Attracting attention from global investors, Manchester is well established as the city of choice for property investors.
Manchester’s transformation
Reminiscing on his first drive into Manchester, Jamie shares how only 10 years ago there was only one skyscraper in the city. Now, the skyline has transformed, with multiple sky scrapers for office space, residential areas and leisure suites scattered throughout this vibrant city.
With the tenant pool now considered relatively young, the renters within Manchester are keen to find developments with a range of amenities, such as swimming pools, gyms and shared resident lounges for social gatherings and co-working. This has led to a new generation of city renters, willing to pay a premium to live an exceptional city lifestyle.
Investment Insights Podcast with Select Property
Take a look at our other podcasts here, to hear more valuable investor insights from industry leaders. Our experienced team can assist you in your UK property search, with our global teams working with a large international investor community. Contact us for more information.