Investing in Property
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Property Investments in Manchester
Property investment in Manchester continues to boom, bringing lucrative returns for the many investors that have set their sights northwards. With housing demand high and the city exceeding national growth forecasts, Manchester is one of the most promising locations to start (or advance) your investment journey.
Why is Property Investment in Manchester so compelling?
Manchester is a fantastic city and one with much to offer for a sharp investor. Greater Manchester is made up of two cities – Salford and the city of Manchester itself. Size-wise, Manchester stretches across approximately 44 square miles, with the Greater Manchester metropolitan county being the second-largest urban area in the UK (after London), featuring a huge surface area of 493 square miles.
Manchester is an Affordable City
Whilst purchasing property in Manchester city centre might be a little more expensive than other areas of Greater Manchester, it’s still a lot more affordable than it would be to buy the equivalent property in London or the South East.
Excellent Transport Links
Manchester is conveniently close to several other major urban areas, including Liverpool, Sheffield and Leeds, and features an excellent transport infrastructure for getting out and about.
Manchester Is an Industrial Hub
Manchester is part of the ‘Northern Powerhouse’ and was the world’s first industrial city, being a centre of the textile industry during the industrial revolution. The city has undergone a huge regeneration scheme over the past few decades, making many business opportunities available for those who know how to take advantage of them.
Manchester is a regional base for many companies and organisations, including: Barclays, The Co-operative Group, The Guardian Media Group, Kellogg’s, Marks and Spencer, Warburtons.
A Wealth of Cultural and Entertainment Attractions
Central Manchester is home to many attractions, including: Several art galleries, The National Football Museum, The Science & Industry Museum, The Imperial War Museum and The John Rylands Library.
Two of the most famous football teams in the world also play here – Manchester City at the Etihad Stadium and Manchester United at Old Trafford.
The Manchester rave scene started in the city in the early 90s, with other important musical icons from the area including The Smiths, The Stone Roses, Oasis, Elbow and Take That, among others. Some of the fantastic music venues in the city include Manchester Arena, the Ritz, the Albert Hall, the Academy and the Apollo. There’s also a thriving theatre and literature scene, with the city being declared a UNESCO City of Literature in 2017.
The Housing Market in Manchester
One of the most important things you need to research before deciding to invest in Manchester is the current state of the housing market.
The property market can change rapidly depending on the current economy and recent world events, so it’s not always easy to predict what’s going to happen in the future. However, a city with fantastic economic growth like Manchester shows great potential for those wanting to invest in it.
Rising House Prices
The average house price in the city over the last year was £286,937. The most common form of property sold was semi-detached houses, which sold for a higher average price of £307,146 – terraced houses tend to go for a slightly cheaper price.
High Rental Demand to Accommodate Manchester’s Busy Student Population
As we’ve already seen above, business is booming in Manchester, with many people now flocking to the city from London, creating a greater demand for property.
Among those flocking to the city is the bustling student population – in fact, one of the largest in the UK. The student population is a major demographic contributing to why Manchester’s buy-to-let property market is soaring.
There are three major universities in Manchester:
Manchester University
Manchester Metropolitan University
The Royal Northern College of Music
Our Investment Properties in Manchester
At Brite Developments, we currently have a stunning investment opportunity for you (with future projects coming very soon!).
Vision is an outstanding new city centre development located in the Deansgate Locks area of Manchester. The design of this fantastic building ensures you’ll never be lost, standing out as part of the Manchester city centre skyline.
The Vision skyscraper cluster – endearingly nicknamed ‘Manc-hattan’ by the locals – features:
Several luxury apartments set across 37 stories
A choice of either 1 or 2 bedroom apartments
Luxury amenities, including a gym, private cinema room and a yoga studio
A concierge
Secure Lucrative Property Investment in Manchester with Brite Developments
If you’re a property developer or investor interested in investing in Manchester and its surroundings, then we’re here to help! At Brite Developments, we know the city property markets incredibly well, having decades of experience in the property sector.
