Apartments in Manchester city centre

Investment return of apartments in Manchester city centre

The most attractive factor why invest in Manchester is simply a matter of the high investment return. In 2015, analysis by HSBC showed yield of almost 8% (7.98%) which was higher than any other UK city. The rental yield growth is also impressive, averaging at 6.02% since 2010 compare to national average of just 4.1%.

Capital appreciation of Manchester property is also impressive. The property price in Manchester is the one of only two Northern cities so far which have exceeded pre-crisis prices. The property prices growth in Manchester shows no sign of slowing down.

Manchester is the city that is entering new round of significant process of growth. Channel of investment from government and private corporation are lining up with Manchester being the leader of Northern Powerhouse Economy. Investment in infrastructure, property, business development should be significant over the coming years and this is attracting a lot of investment into the city of Manchester.

Apartments in Manchester city centre prices is projected for 26-30% growth within the next 4 years. The rental price is also expected to grown by 9% in 2016. The attractive potential is attracting international buyer that has so far only invested in London.

Population in Manchester is growing at impressive rate, the population increase by 19% between 2001 to 2011 and now is growing at three times of the national average rate. More people is moving to Manchester to live, work, and study, this matches with the UK decentralization program to balance the economic growth away from London. Currently, Manchester is the home to 80 of FTSE 100 companies, 50 international banks and over 600 major overseas companies have presence in the city.

Manchester is facing significant undersupply problem when it comes to residential property. Despite the number of major construction projects in the city, rapid population growth means the gap is unlikely to close anytime soon and demand is therefore expected to remain high.

In addition to the attractive investment return, great future potential, and chronic undersupply housing problem, The population in Manchester is rather young and energetic people which create strong rental market and high demand of lettings. For expatriates who are coming to work and live in Manchester are usually looking for renting apartments in Manchester city centre due to the convenience to the workplace and lifestyle living.