Property investment in Manchester
Manchester property investment
Manchester is one of the best investment hotspots in the UK property market. Known as the ‘Capital of the North’, Manchester has seen mass regeneration, global investment and high-profile projects transform the city in recent years. The city is regularly named amongst the top rental yield locations in the UK, with a yield average of around 5.5% – much higher than the London average of 3.5%.
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Introducing a masterpiece in modern living to Manchester’s creative district, the iconic Northern Quarter. A vibrant neighbourhood of cultural, creative and digital innovation, the Northern Quarter calls for a residential offering to keep pace with the demands of its inhabitants.
- Projected Yield: 6%
- Completion - Q4 2025
- 12% capital growth forecast over construction period
- 477 luxury one, two, and three-bedroom apartments
Property price growth forecast by 2027 (the UK’s highest) – JLL Q1 Report
Average rents are up by 20.4% year-on-year – Urbanbubble Q4 Report
Properties are up by an average of 21.8% since the end of 2019 (the UK’s highest) – JLL Q1 Report
Population of Greater Manchester, rising by twice the national average – Data Commons
Why invest in 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 and a rapidly expanding population of young professionals, the demand for high-quality rental properties in Manchester city centre is at a record high.
Indeed, the Manchester population continues to boom, partly as renters abandon London in favour of a lower cost of living and excellent quality of life. According to the Office for National Statistics, the population increased by over 48,000 from 2011 to 2021, demonstrating a growing appetite for living in the “capital of the north”.
As one of the most sought-after markets in the UK, there are countless reasons to add Manchester property to your portfolio.
Manchester’s Excellent Connectivity Strengthens Its Appeal for Professionals and Businesses
Few major cities have seen mass regeneration like Manchester. Schemes include the £1.5bn Spinningfields project (known as the ‘Canary Wharf of the North’); MediaCityUK – the biggest television studios in Europe; and the iconic Northern Quarter – Manchester’s creative capital dubbed by Time Out as one of the ‘world’s coolest neighbourhoods 2022’.
Key infrastructure projects such as the £1bn redevelopment of Manchester Airport played a key role and were cited as key drivers for house price growth by JLL.
As these projects attract renters to live and work in Manchester, residential master plans 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.
Manchester has always been known as a great city for students, and this reputation has only increased in recent years. The 51% student retention rate is second only to London in the UK, and demonstrates Manchester’s ever-increasing potential for growth.
As more and more students choose to stay in Manchester after graduating, there’s a high demand for quality accommodation. The large international student cohort across institutions including the University of Manchester and Manchester Metropolitan University means there’s also excellent opportunities for rental properties in the city.
In recent years Manchester has seen significant investment in its cultural infrastructure, with notable developments including the £15 million renovation of the Manchester Museum and the opening of Factory International, a new flexible cultural space. Additionally, the Co-op Live, newly opened in 2024, is the UK’s largest indoor arena with a capacity of over 23,000 people.
Manchester is world-renowned for its music and arts scene, offering a vibrant place to live with no shortage of things to do. The city is also home to several world-famous football clubs including Manchester United and Manchester City, and a range of other sports and leisure facilities besides.
A growing population and the appearance of multiple leading companies in the city – including 80/100 of the Top 100 FTSE companies – means there is increasing demand for rental property in Manchester. In fact, 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.
Best areas to invest in Manchester
Northern Quarter
Salford
Salford, particularly around Salford Quays, has undergone significant regeneration. It is home to MediaCityUK, which houses the BBC and ITV, attracting media professionals and students. This area offers excellent rental yields due to the high demand for modern apartments close to work and leisure amenities.
Ancoats
Ancoats is often dubbed as one of the coolest neighbourhoods in Manchester. It has seen extensive redevelopment and now features a mix of modern apartments, cafes, and bars. Close proximity to the city centre and the Northern Quarter makes it highly attractive for renters, leading to strong rental yields.
New Jackson
New Jackson has gone through great regeneration, offering a mix of affordable housing and new modern developments. With its proximity to both Manchester Metropolitan University and the University of Manchester, it’s a popular choice with students and young professionals alike. It is investors-friendly because prices are relatively lower for properties with high potential for rental yields.
Credible developer and investment specialist with over 20 years of experience
End-to-end investment service from consultation through to exit strategy
Market-leading yields in the UK’s prime investment cities
Global offices with multilingual teams so we can understand your bespoke needs
Manchester property investment FAQs
Why should I invest in property in Manchester?
Why should I invest with Select Property in Manchester?
Our bespoke and personalised approach to property development and investment offers a truly end-to-end experience for investors in Manchester. As well as hand picking our locations for developments based on demand and yield potential, we’re proud to have an office in Manchester, keeping our finger on the pulse of this great city.
Once your property investment is complete, our in-house team can manage residential tenants and provide a point of contact at every turn.
What makes the Northern Quarter a good area for property investment?
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