Property investment in Manchester

Manchester overview

Known as the ‘Capital of the North’, Manchester has seen mass regeneration, global investment and high-profile projects transform the city in recent years. It also has one of the most in demand – and undersupplied – property markets in the UK. Having sold over £800 million worth of Manchester property alone, Select Property are experts in developing, selling and managing the best property investments in the city.
Manchester in numbers
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Property price growth forecast by 2027 (the UK’s highest) – JLL Q1 Report

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Average rents are up by 20.4% year-on-year – Urbanbubble Q4 Report

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Properties are up by an average of 21.8% since the end of 2019 (the UK’s highest) – JLL Q1 Report

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Population of Greater Manchester, rising by twice the national average – Data Commons

Manchester property

Manchester’s property market is one of the most in demand and under supplied markets in the UK. Attracting global investment for its growing population, strong long-term capital growth and high rental yields, Manchester buy-to-let property is one of the greatest success stories in recent UK property investment history.

With one of the fastest growing city-centre economies in Europe, combined with a rapidly expanding population of young professionals, the demand for high quality rental properties in Manchester city centre is at a record high, making Manchester property a great addition to any investor’s portfolio.

Home to elite universities including the University of Manchester and Manchester Metropolitan University, world-famous football clubs including Manchester United, and global multinationals including 80/100 of the Top 100 FTSE companies, JLL forecasts Manchester to see the strongest rental price growth over the next five years as increasing numbers of young professionals are attracted to live and work in the northern city.

Also outperforming the UK’s leading cities for property price growth, Manchester is forecast by JLL to see 19.3% house price growth by 2027.

Manchester Regeneration

Manchester regeneration

Few major cities have seen mass regeneration like Manchester. The most transformative regeneration schemes in Manchester city centre include the £1.5bn Spinningfields project, which gained its reputation as the ‘Canary Wharf of the North’ for its world-class business and leisure offering; MediaCityUK – the biggest television studios in Europe; and Manchester’s creative capital dubbed by Timeout as one of the ‘world’s coolest neighbourhoods 2022’ – the iconic Northern Quarter.

Spinningfields was once a soulless area connecting the key districts of the city centre. Thanks to a major regeneration scheme costing around 1bn, Spinningfields is now a number-one hotspot in the heart of the city, with state-of-the-art offices and the city’s most popular bars and restaurants. A similar story for MediaCityUK in Salford, once a neglected part of Manchester, it’s now a multi-billion-pound project pioneering in the television and arts space. Playing a key role in the ‘North-shoring’ trend of large-scale employers moving out of the capital, MediaCityUK is home to some of the UK’s biggest media companies including the BBC and Granada.

Key infrastructure projects such as the £1bn redevelopment of Manchester Airport and the announcement of government railway HS2 (High-Speed 2) have also played a key role in the recent transformation of the city, both cited as key drivers for house price growth according to JLL. Both Manchester Piccadilly railway station and Manchester Airport will be key stops on the HS2 line connecting the UK’s most important cities – London, Birmingham and Manchester.

As these projects attract renters to live and work in Manchester, residential masterplans are following suit. Areas include the Great Jackson Street Framework, largely responsible for redefining the city’s skyline with glistening residential skyscrapers including Three60, The Blade, Elizabeth Tower and Victoria Residence.  

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Thinking about investing in Manchester property? Discover why Manchester is the investment hotspot you need to be a part of in our property investment guide.

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Manchester Property Investment Guide

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