Investment Guide Manchester 2021
M
anchester is one of the UK’s top investment
hotspots, it offers investors the opportunity to own a property in an established location that has strong credentials whilst maintaining high yields and exciting prospects for capital growth. With a proven track record, Manchester is deemed to be one of the most reliable locations for investors looking outside of London.
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Why Manchester?
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Population W
hen considering whether a location offers strong
prospects for buy to let
The city’s population is expected to grow by over 10% or around 56,000 by 2034.
investment one of the top factors is the population – is it growing?
The population growth is
If yes, why is it growing and is it
supported by a number of factors
likely to continue to grow?
such as the growing economy and continued regeneration.
Manchester is England’s fastest growing city - the population grew
The demand for housing in
by almost 30% over the last 20
Manchester outstrips the supply
years; in 1991 the city’s
of properties available to rent and
population stood at 432,700, the
the number of properties being
latest figures show it to be
built each year is not enough to
550,000.
meet the growing population. For investors, this ensures that there
Over half the population (55.9%)
will be strong demand for
are aged between 18-49 years and
property in Manchester.
the city has an average age of around 36 years making Manchester’s population one of the youngest in the country. 6
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Economy M
anchester’s economy has seen staggering growth over
With continued growth forecasts are for around 3,000 jobs to be
recent years and has often grown
created each year over the next
faster than the overall pace of
15 years.
economic growth across the UK. The wider metropolitan economy
Several large companies have
is the second largest in the UK.
their national head office in Manchester such as Gazprom and
Manchester’s economy is worth
The Co-operative Group. Google
£62.8 billion (GVA), and continues
have an office in Manchester, the
on an upward trajectory. The city
only office Google has in the UK
is an established place to do
outside of London. KPMG have a
business and attracts new
regional office in the city centre
companies each year based on the
and Kellogg’s have their national
high-quality talent pool.
head office and factory at Trafford Park.
Manchester offers businesses up to 40% lower operating costs
MediaCityUK is in neighbouring
when compared to London, many
Salford and is home to the BBC
of the UK’s leading public
and ITV along with many other
companies have a presence
media, digital and
in the city.
creative companies.
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Infrastructure M
anchester has impressive
Manchester also has two of the
transport infrastructure in
busiest airports in the UK. Manchester
place and planned projects are set
Airport is the third busiest in the UK
to only improve its connectivity.
and is currently undergoing a £1bn programme of improvements due to
The main train station,
be completed in 2024 that will
Manchester Piccadilly, has seen
significantly increase capacity.
considerable overhaul and improvement, largely due to the
Locally, Manchester has the Metrolink
expected arrival of HS2 which will
tram network on which around 40
reduce the journey time from
million passenger journeys are made
Manchester to London to
each year. It also has one of the most
just 1 hour.
extensive bus networks outside of London on which around 220 million
By road, Manchester is very well
passenger journeys are made annually.
connected. The M60 circles the city, the M6 runs south to
Manchester offers businesses and
Birmingham, the M56, M61, M62
residents access to excellent transport
and M66 are all nearby connecting
infrastructure both locally and in and
to the UK’s wider
out of the area.
motorway network. 10
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Education T
here are several universities within the
Greater Manchester area, with over 100,000 students enrolled and each year they produce around 36,000 high quality graduates. The universities within the city of Manchester are highly regarded, the city is an important learning hub. The University of Manchester is the largest noncollegiate university in the UK. Within the city centre, the area surrounding Oxford Road is the largest urban higher education precinct in Europe.
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Quality of life M
anchester has been crowned
who’ve graduated from a
the best place to live
university in the area and choose
several times over the
to call the city home.
past decade. A lively city that’s brimming with The Economist has named
character, Manchester boasts a
Manchester as the most liveable
rich and diverse culture.
city in the UK, beating London,
Architecture, music, art, shopping,
Liverpool, Birmingham and Leeds,
theatre and premier league
many times over.
football – Manchester has something for everyone.
Manchester has a young population and is known for the high retention levels of students 14
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Regeneration T
here has been
brownfield sites and
considerable
improvements to the
regeneration in Manchester,
transport networks across
developments such as
Greater Manchester.
MediaCity and Spinningfields in the 2000s changed the city
Despite delays to plans in
dramatically and there’s no
2020 due to the pandemic,
sign of the improvements
activity is beginning to pick
slowing down with many
up once more with several
projects in motion and others
regeneration projects. The
in the pipeline soon to come
University of Manchester is
to fruition.
set to take the next steps towards the development of a
The local authority has set
new 4m sq ft scheme. There
out their ambitions for the
is also set to be a revamp of
future which are to include
Piccadilly Gardens, a park
continued development of
right in the centre of the city.
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Property prices 18
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N
ot only has Manchester seen incredible price growth in
Though property prices are expected to barely change in
recent years but the projections
2021 the forecast for
for the future are impressive.
thereafter is positive,
Average property prices in
especially for Manchester.
Manchester have risen by 51.6%
Global real estate agent
over the past 10 years according
Savills has predicted that the
to Zoopla.
North West region of the UK will see prices grow by as
There are a number of factors set
much as 27.3% over the next
to support continued price growth
5 years. In comparison they
including regeneration,
forecast London property
improvements to infrastructure,
prices to increase by just
the growing economy and
12,7% over the same period
increasing population pushing
of time.
demand for housing higher whilst the market is severely undersupplied.
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Rental market
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S
upported by strong demand from students and that so
many choose to stay in Manchester once they’ve graduated, together with the steady stream of those who relocate to the city year on year, Manchester’s rental market is showing no signs of slowing down. The latest predictions from Jones Lang LaSalle forecast rental values to increase by around 3% each year for the next 5 years, far stronger figures than the real estate giant have predicted for London and South East regions.
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A
s one of the UK’s most established property
market’s outside of London Manchester presents investors with a new safe haven whilst it also has considerable potential for future growth. If you’d like to discuss investing in Manchester in greater detail please do contact us.
Invest in Manchester 26
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