11 Feb 11.02.2016 Why is Manchester a great place to invest?
11.02.2016 Why is Manchester a great place to invest?
Manchester is undoubtedly one of the hotspots in the property investment market at the moment – and that looks set to continue.
A great combination of affordable properties, strong rental yields and increased desirability of the area makes it an excellent choice for investors. With a total of £8.2b of investment over the last decade, Manchester leads the UK outside of London in property investments. And while the city is already benefitting from a huge range of development schemes, the area is also set for significant investment as a part of the government’s famous Northern Powerhouse plan.
Manchester is an enormously popular destination for students. Across Manchester’s four universities there are more than 100,000 students and thousands more in colleges and other learning institutions – this means it has the largest student population in the country. This creates a very strong demand for lets in the city, especially in areas close to the university campuses including just south of the city centre and in Salford. If you are thinking of investing in buy-to-let properties it can be very smart to buy in areas that are popular for students.