Why Manchester is one of the most desirable cities to invest in

April 6, 2023

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Article Summary

Manchester
  • In recent years, the city has seen a surge in demand for housing, driven in part by an influx of young professionals seeking to take advantage of the city's booming economy.

  • Fattal Hotels is the largest chain in Israel, now counting more than 40 sites, multiple of which are in Manchester, and over 10,500 rooms in its portfolio.

  • Manchester's property market is relatively affordable compared to other major UK cities such as London. This means that investors can enter the market at a lower cost, making it more accessible to a wider range of investors.

Manchester is one of the UK’s most lively cities, with many considering it to be the UK’s second capital after London. From its bustling city centre to its rich cultural heritage, Manchester has something for everyone. However, beyond the city’s many attractions, Manchester also offers excellent opportunities for property investment, making it a prime location for those looking to build their property portfolios.

One of the most significant advantages of investing in property in Manchester is the city’s rapidly growing population. In recent years, the city has seen a surge in demand for housing, driven in part by an influx of young professionals seeking to take advantage of the city’s booming economy. As a result, property prices in Manchester have been on the rise, making it a great location for property investors looking to make a profit.

It is not only attractive to first-time investors or those looking to expand their portfolios, Manchester is also an attractive prospect to property tycoons such as David Fattal, who has built his hotel empire from the ground up in Israel, before opening several more branches of his Fattal Hotels in England.

Fattal Hotels is the largest chain in Israel, now counting more than 40 sites and over 10,500 rooms in its portfolio. Included in these numbers are The Midland in Manchester as well as the Leonardo Hotels at Great Ancoats Street and Great Bridgewater Street. The Hotel empire stretches across 30 different towns and cities in the UK however, according to higher ups in his company, plans are underway to grow these numbers, including in Manchester.

Businessmen and property investors alike are beginning to realise the value in investing in property in Manchester, as the city continues its exponential growth in population, property and job opportunities.

Another factor contributing to Manchester’s attractiveness as a property investment destination is the city’s extensive transportation network. Manchester is well-connected to other major UK cities, making it a hub for business and commerce. Additionally, the city’s transport links have improved in recent years, with significant investments being made in public transport infrastructure. This means that residents and investors alike can benefit from quick and easy access to other parts of the country, making Manchester a highly connected city and an attractive location for property investment.

In addition to its transportation infrastructure, Manchester is also home to some of the UK’s top universities, including the University of Manchester and Manchester Metropolitan University. These institutions attract thousands of students to the city each year, many of whom choose to remain in Manchester after graduation, providing a steady demand for rental properties. Furthermore, with many young professionals choosing to live in the city, the demand for quality rental accommodation is expected to continue to rise, making Manchester a highly attractive location for property investors.

Another key advantage of investing in property in Manchester is the city’s vibrant cultural scene. From world-class museums and art galleries to a thriving music and entertainment scene, Manchester offers something for everyone. The city is also home to numerous cultural events throughout the year, including the Manchester International Festival, which attracts visitors from around the world. This rich cultural heritage adds to the city’s appeal as a location for property investment, as it contributes to the overall desirability of the city and helps to drive demand for housing.

Finally, Manchester’s property market is relatively affordable compared to other major UK cities such as London. This means that investors can enter the market at a lower cost, making it more accessible to a wider range of investors. If you were to invest now, you would see high, more rewarding returns than if you waited for later opportunities. Manchester is growing in popularity and stature as a city, and the earlier you get in, the more you will benefit.

In conclusion, Manchester is an excellent location for property investment, offering a strong demand for housing, excellent transportation infrastructure, and a vibrant cultural scene. With the city’s population set to continue to grow, and property prices expected to rise, now is an excellent time to invest in property in Manchester. Whether you are a seasoned property investor or are just getting started, Manchester offers a wealth of opportunities for those looking to build their property portfolio. 

We have a wide range of properties in Manchester available to invest in either off-plan or complete. To hear more about these fantastic investment opportunities, book an appointment with a consultant today. 

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The Bailey

From £249,950

Yield: 13.5%
   In Construction
   Est. Q4 2024
   Lease Length: 250 Years

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