With rising property prices and excellent rental yields, Manchester’s housing market has shown its strength and tenacity year after year. And a Manchester property investment has once again proven its worth as Manchester is named a “growth city” by global real estate experts Barings Real Estate.
City Centre Investment
Showing real confidence in the city, Barings Real Estate are making good on their words by continuing to expand their investment into Manchester city centre.
They have already made their presence known in the city. They led the project for a new 18,000 sq ft office development in St Peter’s Square named ‘Landmark’.
Managing Director of Barings Real Estate, Ian Mayhew, noted how Manchester’s commercial property sector has remained resilient throughout the covid-19 pandemic. He said their expansion into Manchester city centre “demonstrates that Manchester is a growth city.”
Mayhew also praised Manchester’s ability to attract and retain students and young professionals. Describing Manchester as a “magnet” for such people. He said, “The population is growing, it’s got a talent pool coming through from world-class universities and education systems.”
A rising population is a key part of creating a good property market. Strong demand keeps rents buoyant and capital growth strong, leading to great opportunities for those making a Manchester property investment.
And this hasn’t been missed by Mayhew either. He praised the city’s resilience and its position as a strong investment city. His words are supported by recent findings that Manchester is one of the UK’s best places for buy-to-let investments.
Barings Real Estate aren’t the only international investors who realise the advantages of a Manchester property investment.
Recent findings show how increasing numbers of international investors are looking to Manchester’s property market. In particular, Middle Eastern and Asian investors are benefiting from the city’s relatively low property prices and excellent returns.
Pent-up demand due to the coronavirus pandemic and the weakness of the pound are also attracting foreign investors to Manchester. And this demand is expected to continue for at least the rest of 2021.
A Bright Future
And Manchester’s fortunes look bright beyond 2021 too. The city’s population continues to grow at a speed that housing supply cannot match. Therefore by 2025 rental prices in Manchester are likely to have grown by 12.5%.
Such rapidly increasing rental demand and price growth mean a Manchester property investment could be a great addition to any buy-to-let portfolio.
Take advantage of Manchester’s strong growth by making a Manchester property investment. To find out more about property investments in Manchester, contact North Property Group today.