Manchester has always been a bustling city filled with life, but the population is declining. This may be due to Manchester’s high cost of living. If you’re looking for an opportunity to start investing in this area, then now might be your chance. There are many Manchester apartments available for sale or rent and it seems like prices will only go up as more people move out of the area.
As one of the best cities in Great Britain, Manchester has quickly become an investors favourite. With property prices well below average and a rental yield of 5%. It’s no surprise that this area continues to cement itself as one of England’s top destinations for finding great properties with tenants looking at least 10% higher elsewhere.
Among the reasons to invest in Manchester apartments this 2022 are:
- Become a part of the city’s economic boom.
With a population of more than 2.7 million people and an economy bigger than Wales, Northern Island collectively form the key player in northern England’s booming region known as The Powerhouse which has been compared with London for its economic prowess
The Manchester based cluster encompasses some leading cities like Liverpool (also part of Britain’s fastest growing urban areas), Sheffield or Bolton alongside other smaller towns that together specialize specifically on manufacturing products such cars where skilled workers are needed but also food processing factories employing low skill laborers.
- Growing demand for rentals.
The influx of businesses fuel job growth, new market opportunities and support start-ups in Manchester. As a result of this plethora of opportunity in the city Manchester is an attractive place for young professionals to invest their money on real estate property investments especially those targeting renters looking at rental demographics that are growing year by year due to higher demand than supply within our current economic climate.
This only means more and more people are moving to the city to either work or study. Investing in Manchester apartments can then address their demand for housing, through rentals or long-term lease.
- Continuously growing house sale prices.
While many areas across Britain saw a downturn in property prices, Manchester was one place where you could still find attractive deals. The market is often seen as the motor of growth for other cities and towns because it provides jobs with such high salaries while also being an area that offers opportunities outside London or southern England’s coasts – which have been mostly developed already.
The last decade has shown just how strong this city’s real estate sector really is: during a time when most regions were feeling uncertain about their economic stability, Manchester had no problem continuing its upwards trajectory thanks largely to developments happening all around town.
- It remains a city that provides the best quality of life in the UK.
The people of the UK have been voting for their favourite city to live in for many years. Manchester takes top honours as being named one of Britain’s greatest cities, ranking 38th worldwide and 4th among European Union member states!
The region offers healthcare services (top ranked), education opportunities like no other place on earth can provide you with – from nursery schools up through degree-granting colleges–and its close enough proximity makes traveling abroad easy too when family visits or vacation time is over.
References:
https://www.trackcapital.co.uk/news-articles/manchester-a-property-market-forecast-for-2021-2022/