Manchester property market is booming as house prices in Manchester rise faster than anywhere else in the UK. Growing by 34% between July 2014 and July 2017 compared to the national average of 30%. Annual returns were also recorded of between 11% and 20% in Manchester and Salford in these three years. Further showing the strength of the Manchester property market.
Good Investor Market
Manchester has an especially active investor market. More than 52% of all housing stock in the city is in the private sector. But it’s not only house prices that are rising. Set to increase faster than the UK average is Manchester’s population. Consequently creating great investment opportunities in the city’s growing rental sector.
Growing Business Centre
There are now a large number of FTSE 100 companies in Manchester. They have helped create a varied and productive workforce in the city. With ever more global businesses choosing to set up base in Manchester, it’s no wonder the region’s economy is growing.
Click here to learn 5 reasons as to why you should invest in Manchester’s rental market.