Why buy a property in Manchester?

Manchester is a particularly popular city for investors to buy because of its thriving economy, low prices.

Most rentals in Manchester give some of the highest returns to rent in the country and in the last two years Manchester has been identified as the UK's best place for real estate investment -

Peer-to-peer lender Kuflink (like our second hand) recently looked at the average rental yield in 50 major cities across the UK and found that Manchester properties are leading in searches and provide an average rental yield of 6%.

As one of the most attractive cities in the UK to live in, Manchester has high employment prospects, a first-rate quality of life and a vibrant social scene.

The city now houses more than 100,000 students and thousands of young professionals. Many of those living in this area of England, more than anywhere else, are aged 25-30. It is therefore an attractive proposition for property investors.

Today, a new BBC Media City can already be seen on the main tram to MetroLink, the expansion of the local airport to allow easy access for arrivals and departures to a greater number of travelers and those working in large companies that have relocated their center to Manchester. The city has countless trendy residences in up-to-date architecture and new design language. In addition, the City of Manchester is at the center of the Northern Power Building plans in the Kingdom.

The average house price in Manchester is currently around ￡ 152,000, but like most places in the world, as you may know, there are regional variations across Manchester. The most expensive homes are in the city center, but Manchester's capital growth is being led and supported by a robust local economy that is expanding the good real estate areas to the surrounding rings as well. So you can find many and worthwhile real estate options in Manchester that can suit everyone.

So if it's England, why not Manchester and London?

Manchester was previously considered an exceptional choice for investor acquisition, with many choosing London because of its high growth potential and high returns. Several years later, those decades-old experienced investors saw that London did not offer the same "golden" opportunities it once did. For each investor, the key metric to look at is supply versus demand.

London has, and will always be a supply issue, however, demand is now diminishing as more and more people choose to live outside the city and travel, in search of a better quality of life. This has left London open to poor (and in some cases negative) growth, reducing yields and, to put it bluntly, not an attractive place for any smart investor to park their money.

Another reason stems from the fact that there is a lucrative price ceiling for a person buying a property for the first time. The average salary in London is ￡ 34,473 (CITYAM) with average property prices of - ￡ 658,920 (ZOOPLA) - so in a really quick calculation, most people living in London will never be able to buy a property. People are looking to buy property worth their pocket, in another big city as an alternative to London. Manchester is at the top of the list. And if we refer to a return on property, London house prices have risen only an average of just 0.1% over the past two years. So maybe London has a bridge, a palace and a queen. But those of you looking to secure a rising income, London is not waiting for no.