House for sale in Manchester

With £8.2 billion of investment in the last 10 years, Manchester has topped the regional property league, as the supply of house for sale in Manchester is still far below the demand, investing property in Manchester is seen as the best asset to own in the current global economic uncertainty. Manchester is the city outside London which has attracted the highest level of property investment over the last decade ahead of Birmingham (£6.5 billion) and Glasgow (£5.3 billion).

Key factors behind the city's success are civic leadership, infrastructure, quality of life and talent in growing sectors. The other most important factor is the location of Manchester where it is the fastest growing regional capital in UK and world renowned for sport and culture besides the city's growing economy, large student population, and varied transport link. House for sale in Manchester has attracted the local especially Londoners where price has surge above £500,000 on average as well as overseas investor from Middle East, China, Hong Kong to Singapore.

History and future of house for sale in Manchester

Over the last 10 years, Manchester has established itself as major European city of commerce attracting investment from all over the world. The city boasts unrivalled transport infrastructure, world renowned universities and cultural and sporting facilities which are the envy of the rest of UK.

Manchester is set for an exciting time in the years ahead which can only be further strengthened by the recent announcement of the Northern Economic Powerhouse and Manchester is selected to be the leader.

House for sale in Manchester will be in high demand at least for the next decade mainly drive by the investments where it will create more jobs and attract more people and talent to the city. Huge infrastructure project, High Speed Rail 2 is on the planning by the government where it involved investment from China as well.

Supply and demand of house for sale in Manchester

Number of office workers in Greater Manchester is set to grow by around 36,000 by 2025 and the population is expected to rise by 65,000 over the next 10 years. The expected population increase will require 9,650 new homes a year and the current delivery of house for sale in Manchester is around 5,100 which is about 47% shortage annually.

With the chronic supply shortage happened in Manchester, it creates investment opportunity where investor can expect high rental yield, up to 7.98% according to HSBC survey. Manchester property investor is enjoying the best rental yield across UK and HSBC has identified Manchester as the best UK buy to let hotspot. In addition, Manchester property investor also can expect high capital appreciation like what has happened to London several years ago.