Manchester is the fastest growing city outside the capital hosting some of the UK’s largest regeneration projects, a huge student population and a strong demand for city centre living.
According to the latest Hometrack UK Cities House Price Index, Manchester is top of the line when it comes to returns on UK property investment.
At nearly seven percent, the city boasts of some of the highest rental yields compared to anywhere else in the UK making it one of the top investment destinations for buy-to-let properties.
Home to world-class universities like University of Manchester, Manchester Metropolitan University, University of Salford to name a few, Manchester has the largest student population with a graduate retention rate of more than 50 percent.
Due to new students arriving year on year, there is virtually no shortage of tenants for landlords to choose from, making student accommodation a highly profitable investment sector.
The city has also seen the highest rate of job creation in the country, with the number of new jobs growing by 84 percent between 1999 and 2015 giving young professionals the freedom and opportunity to experience urban living at an affordable cost.
Benefiting from the recent £1bn investment as part of the government’s Northern Powerhouse Initiative, Manchester is proving itself to be a vibrant, forward thinking metropolis with the most attractive city centre investment market in Britain.
Leading property developer, Alliance Investments rates Manchester as its No. 1 prospect for residential price growth over the next five years.
Ronald Garrett, global sales director of Alliance Investments, said: “City centre living has gained a strong momentum in Manchester over the last few years and, together with an active student market, Alliance has strategically developed properties and student accommodation schemes to suit investors of every type.”
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