If this is the question you have been asking, then you have come to the right place. In this guide we look at best areas to buy in Manchester, property prices, trends and predictions for the city as well as rental market analysis and much more, so whether you want to invest in a Manchester property or just buy a personal property in the city, this guide will help you make the best informed decision. We look at why Manchester has become a popular choice for people who are looking to move as well as property prices for buyers and renters and this should help you make your decision. At this point a call with Liverpool investment consultant at Mason Verdi would guide you better on what property to go for. Click here to Know about Why invest in Liverpool!
World class amenities and city living
An international airport, good connectivity to all cities, famously amazing shopping facilities, great nightlife, some of the biggest names in restaurants and bars, multicultural demographic and thriving business scene are some of the reasons why Manchester has been voted the best city to live in UK on more than one occasions. So many people head to Manchester for reasons such as music festivals, international parties, exhibitions and sports. Manchester is also going through major regeneration which helps its appeal even more.
Price growth…
The north west in general has had the highest growth rate over the last 10 years and Liverpool has topped this list with over 45% growth in this period. In the period of 3 years this city has had a growth of over 26% and property prices in Liverpool are showing no sign of slowing down.
Strong rental demand
The UK has seen a record breaking number in rent arrears, but despite that, Manchester rent prices have been increased over the pandemic and is showing no sign of stopping anytime soon. According to Zoopla, average rent in Manchester is £1200 which is around £200 more than the UK average. Rental prices in Manchester have seen a rise of just under 10% over the last year and this is predicted to increase even more over the coming years.
Capital growth
Over the last year the UK property prices have increased by 13.8% and if we compare that to Manchester (19.2%) we realise that Manchester would have a better chance of more of an increase in the coming years. For the reasons mentioned earlier such as amenities, business, job prospects, connectivity, sports and culture, this city is the go to for anyone who is looking to move and seek a permanent city to live in and therefore the property prices have increased over the last 10 years and outperformed other cities in the UK and the predictions are, that it will continue to do so over the coming years.
For a no obligation free consultation, inquire through our website and a member of our team will contact you to discuss the matter further.
What are the common property investment mistakes investors make in today buy to let UK property market. View here – https://youtu.be/Zw7Q21qFIrQ.
Mason Verdi is one of the fastest growing, property development & investment companies in the North-West UK. This company started life as sales agents and over the years has evolved into two arms of development and sales. Mason Verdi is a Liverpool based Property developer with track record in development in Liverpool and Manchester, northwest UK.
