Michigan Towers

Since 2015, house prices in Manchester have increased by 32.5% and are set to grow by another 22.8% by 2022. Average rental yields in Manchester are currently reaching as high as nearly 8% in the M14 and M11 postcodes. Completed in Manchester last year were 27 development schemes, the survey found. The highest level since 2006 and second highest since 1999. This high volume of developments will certainly be of benefit for investors looking for their next property investment in Manchester. With over 8,800 residential units, over 2 million sq. ft. of office space and 400,000 sq. ft. of retail, hotel and leisure space currently in the pipeline, 2020 is looking like a truly ground-breaking year for Manchester’s property market. The residential market leads the way in driving this surge of development work as fast population rises in Manchester have caused a significant increase in demand for living space in the city.