Manchester Investment Property
Manchester is one of the most talked about areas in the UK at the moment, as it has been targeted for devolution and has been deemed as a key player in the Northern Powerhouse scheme. Of the 8 boroughs and two cities of the Greater Manchester area, it is Manchester which has shot to prominence on a global scale over the past few years. But what so desirable about property for sale in Manchester?
Repeatedly awarded titles such as “buy-to-let hotspot” or “best place to live”, Manchester is a city second to none. It has everything and anything on offer for its population no matter their interests, budgets or personalities. Not only is it home to world renowned football clubs Manchester United and Manchester City, but it also has a vast array of first-class restaurants, trendy bars, quirky cafes, excellent shopping facilities, superb museums and a variety of concert venues.
Thanks to its economic strength and national importance, Manchester is booming. Businesses and people alike are increasingly realising the city’s potential as a place to live, work and play, leading to rental properties in Manchester being massively sought-after.
With the relocation of both the BBC and ITV to Salford’s MediaCityUK (one of the leading digital industry hubs in Europe), the city has experienced a dramatic increase in business activity and migration. This has led to a rise in value of properties and rental accommodation. In return, this means that the buy-to-let market here is thriving, as the area is seeingrising property and rental prices, in addition to average yields of up to 8%.
With the growing development of the Northern Powerhouse, the city looks set for a continued period of growth, making now a great time to consider investing in property for sale in Manchester.