If you are considering investing in residential buy to let, student property, or even commercial property then taking a more detailed look at Manchester property investment opportunities and what the wider Salford and Greater Manchester metropolitan areas have to offer could be just what you’ve been searching for.
If you are unfamiliar with the city itself and wider region, the city of Manchester is one of the northern economic powerhouses with historic roots set in the industrial revolution. Located in North-West England it is one of the largest English cities with a population of over 500,000. The metropolitan county of Greater Manchester is the UK’s second largest urban area, with a population of over 2.5 million people.
Manchester Property Investment
With two of England’s top football Premier League teams, the city of Manchester has also reached the Premier League heights as far as property investment is concerned.
The opportunities for property investment in Manchester on the buy-to-let, student accommodation and commercial property levels are becoming increasingly attractive for both private and corporate investors.
The reasons for this state of affairs are many and varied, but the undeniable truth is that Manchester has well and truly cemented its place as one of the United Kingdom’s most vibrant, thriving cities, with its population growing by about a fifth during the last decade.
Manchester… The Largest University Campus in Europe
Many property experts consider the city of Manchester to be the commercial and cultural capital of the North of England, and a study of facts and figures makes it very difficult to argue with this assessment.
For example, statistics tell us that Manchester is the third most visited city in the UK, it attracts on average 100,000 domestic and international students each year to what is considered to be the largest university campus in Europe, it is a pioneer in a whole range of spheres, including technology, research, engineering and computing to name but a few.
Were you aware that the atom was first split in Manchester and that the first modern computer was built there?
Or that in the Beetham Tower (also known as the Hilton Tower) it now has the tallest building, stretching to a height of 168m, in the UK outside London?
Or that more than 20 Nobel Prize winners have come from Manchester?
Strategic Location & Excellent Transport Links
Manchester benefits greatly from its location of strategic significance, lying as it does within an hour’s flight of London and only a couple of hours away from most European capitals.
Manchester is also served by some of the country’s main motorway links, and has a spider’s web of extensive rail network links that link Manchester to the rest of the UK.
To put some meat on those bare bones consider the following facts:
Investment Property in Manchester
If you are seriously considering Manchester property investment opportunities then you should also know that the city boasts a plethora of cultural, shopping, sporting and heritage attractions which act like a magnet to potential visitors from both home and abroad.
Is it any wonder therefore, that the Manchester property rental market throughout the city is now struggling to keep up with demand.
The property rental market is a thriving and much sought-after alternative to home ownership, particularly in the most desirable areas of Manchester and its surrounding suburbs.
Vibrant, Culturally Diverse & Fast Growing Environment
Manchester views with delight the fact that many younger people are being attracted to live in the city, many of them highly skilled graduates looking to kick-start their careers, but many others travelling from all over the country to study and work in a vibrant, fast growing, thriving environment.
The large number of students at local universities including the University of Manchester, Manchester Metropolitan and the University of Salford continue to create a healthy demand for good quality student property and buy to let rental property.
Additionally, with the development of the new city centre business district at Spinningfields, the opening of MediaCityUK at Salford Quays, including the relocation of the BBC and ITV all help to ensure that students and professionals alike are moving into the city and the demand for rental property is rising.
Currently, high numbers of well-paid professionals and domestic and international students living in the city sustain the rental markets in Manchester, Salford and the wider Greater Manchester areas.
Well Planned City Regeneration
The city’s regeneration efforts over the past 10 years have transformed the city into an extremely attractive place to both live and work.
Add to this the prediction that the city’s population is expected to increase further and the potential for property investment becomes even more starkly and excitingly outlined.
Manchester… The Northern Economic Powerhouse
Did you know that Manchester is already the largest economy in the UK outside London?
As the city centre population continues to increase there is even more scope for further growth as multi-national organisations, banks, consulting firms and lawyers recognise the advantages of establishing their headquarters in the city.
Manchester is attracting foreign business too, with more than 2,000 foreign-owned firms being based in the city.
Planners have reacted to the situation by embarking on £4.9 billion of construction over a ten-year period.
More than £1 billion of public and private investment has already been ploughed into new offices, retail and leisure facilities throughout the city.
Manchester property investment opportunities it seems, are endless and the city is certainly living up to the reputation it first earned as the world’s first industrial centre.
Manchester Property Investment Solutions
As a leading independent property and land investment specialists Investment Property Partners offer expert advice and support to clients across our specialist areas of expertise helping them to achieve their investment objectives.
If you are a property investor searching for Manchester property investment opportunities including commercial property, residential buy to let and student accommodation please contact us today to discuss how Investment Property Partners can help you.
More information about Manchester… here →
More information about Manchester property investment, the economy of Manchester, infrastructure and property development initiatives… here →