Manchester Property Investment
National Property Portfolio are specialists in the Manchester Property Investment market, whose relationships with developers, banks and other financial institutions allow us to offer a wide selection of off market investment properties to our client base.
Manchester offers a wealth of property investment opportunities. The buoyant rental market and strong property prices that Manchester has experienced over recent years show no signs of waning as population projections see the number of people living in the city rising by as much as 80,000 in the coming 15 years. This offers a wealth of property investment opportunities.
To compensate for a rise in population growth of more than three times that of the average UK location, it is expected that nearly £5 billion of investment will be made in the next decade to meet the needs of this thriving city.
As the cost of purchasing a property continues to rise, a growing proportion of the population are turning to rental properties to provide them with the high quality accommodation required to match their buoyant lifestyles.
As such, rental properties are now highly sought after in the city with demand outstripping supply at all price points.
However, education continues to be a number one driver of the rental market in Manchester. 100,000 students come to the city every year from all over the globe to take advantage of Europe’s largest campus and the three centres of excellence that the universities provide.
In 2012, the Financial Times highlighted the desperate need for an increase in the level of purpose built halls of residence for the students in Manchester, describing the region as an ‘opportunity market’ for those interested in property investment.
The strong demand for high quality rental properties within Manchester is also enhanced by the fact that 14% of all students will choose Manchester due to the improved earning potential that students who study in this area can command.
An increasing proportion of those who move to the area to study will also decide to remain in the area after their education has finished, further increasing the number of young affluent professionals within the Manchester area demanding high quality, purpose build accommodation that will suit their needs.
Thanks to more than £1 billion of investment in regeneration and new facilities within the area, people from all walks of life are now considering Manchester as the place to be and are demanding the homes to live in. Even the BBC have now moved from their London location and transferred to the Manchester area, showing that the popularity of the site is here to stay.
The Manchester Economy
The Manchester economy is now considered to be the biggest city economy in the UK outside the capital. There are more than 2,000 overseas businesses based in the area providing a hub for a variety of international investments. As more blue chip and financial companies continue to move into the area, the reputation for Manchester as a key business centre continues to grow from strength to strength.
In Greater Manchester alone, the population of 2.6 million provide the area with a workforce of nearly 1.2 million, yet unemployment is estimated at just 2.9%, a far lower rate than that of the UK as a whole. With a significant proportion of well skilled, highly paid jobs available within the area, Manchester is becoming more and more attractive to young, professional individuals who want to make the most of what this city has to offer.