Manchester investment property is the outstanding property market in the Northern Powerhouse region. Manchester has witnessed the biggest house price increases of anywhere in the country this year – and it’s fast becoming a sellers’ market. The surge in growth in Manchester has seen prices up 8.8 per cent on last year – the fastest rise in the UK according to Hometrack, which tracks house price movements across the UK’s 20 biggest cities. Manchester’s property market is experiencing a “feel good” 2017. So say the developers behind a clutch of city schemes, who say the UK’s second city will prosper in the coming year as the Brexit process shakes-up the economy.
Over the next five years, Manchester capital value growth is expected to reach 28.2% as a result of growing demand and supply, a research report by JLL revealed.
House prices in the North West are set to rise 18.1% until 2021, this data comes after a great year for Mancunian residential property as it has already experienced a growth of 16% in capital values in 2016. Rents are also sent to rise by 20.5% by 2021 and JLL expects build to rent developments will soon be the mainstay of new schemes in Manchester and the city will be among the first choices for international investors targeting the UK’s Build to Rent sector. The Manchester property sector now offers some of the best returns in the UK and is at the forefront of the build-to-rent market in the UK regions.
Offering a wide a variety of property investment option including residential, student and commercial property over the last 10 years the city has been almost totally regenerated.