Manchester Investment location
But to let property investment with high demand and capital growth
Why invest
Manchester has benefitted from huge inward investment, on a local and international level over the last 20 years, turning it into a highly sought-after investment location for private, institutional and international investors. Manchester's appeal as an investment destination extends far beyond its local property market fundamentals.
£7.3 billion investment
As a key player in the Northern Powerhouse it is set to see a growth rate of £2.3 billion in its GVA (gross value added) between 2023 and 2027.
Manchester is experiencing unprecedented growth in its digital and creative sectors, with MediaCityUK leading a £5 billion technology ecosystem.
The city's robust educational sector, hosting around 100,000 students across five universities, combines with its thriving employment market - projected to grow 1.7% annually until 2027 - to create sustained rental demand.
Manchester significantly also benefits from a major international airport, the largest airport in the UK outside of London, helping to attract international investors, international students and international businesses.
Manchester significantly also benefits from a major international airport, the largest airport in the UK outside of London, helping to attract international investors, international students and international businesses.
Manchester is one of the fastest growing cities in the UK.
Major regeneration
This demographic strength is evidenced in our population data, showing significant growth of up to 18% in key areas like Swinton. When coupled with major regeneration projects like the Northern Gateway, a massive regeneration of the city including 15,000 homes and extensive transport infrastructure, public parks and schools.
Property Values
Manchester property prices have risen sharply over the last decade but there are still good value property investment opportunities. Average house prices in Manchester are only around two-thirds of those in the south of England.
Across Manchester, the average property price is currently around £255,835 according to H M Land Registry. This compares to the average house price in the south of England of around £370,000.
Rental Demand
Manchester has a varied property letting market. Landlords can let to locals, students and people who come to work in Manchester.
There’s a good short-term letting and serviced accommodation market in Manchester city centre.
Rents depend on the type of property and location. Figures from https://www.home.co.uk/ average monthly rent across Manchester is £1,598.
Home.co.uk figures say that average monthly rents for different types of houses or apartments across Manchester are currently: £1140 PCM for a one-bed property, £1504 PCM for a two-bed property, £1,928 PCM for a three-bed property, £1,928 PCM for a four-bed property and £2,723 PCM for a five-bed property. Manchester's property yields based on a long let are up to 6.3% on average.
Property Investment in Manchester - At a glance
Population: 551,900 approximately - Source 2021 Census.
Average House Price: £257,000 - Source ONS.
A local Economy Worth: £28 billion - Source Varbes.
A 70% Graduate Retention Rate.
House price trends vary across Greater Manchester, with some areas experiencing faster growth than others. However, the overall trend for Manchester has been upward over the long term. Manchester offers opportunities for a range of property investments. City centre apartments and inner city terraces and flats show strong demand.
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