Manchester is one of the UK’s stand-out locations for buy-to-let property investment offering high rates of capital growth and exceptional rental yields. It benefits from a strong local economy, high population growth, and all-round appeal as a place to live.
Manchester really does offer something to all residents and visitors. From walks in the peaceful and idyllic countryside to all-night dancing in local clubs, and everything in between, Manchester is a perfect lifestyle city. In fact, it was named as the most desirable UK city in which to live in the 2015 Global Liveability Ranking.
Fast-growing population
Manchester’s population is growing rapidly, and faster than the national average. It also benefits from a large student population, with around 20,000 deciding to remain in Manchester after graduating each year. Helped by this high proportion of graduates remaining after their studies, Manchester’s population is one of the youngest in the country, with around 60% living in the city aged between the 25 and 30. The city centre population is forecast to grow by 125,000 by 2025, a number that will put severe pressure on the ability of the local authority and house builders to keep pace with demand for new homes.
Economy
The area of Greater Manchester make the largest city region economy outside London, with a gross value added (GVA) of £62.8bn.
Many of the UK’s leading public companies are located in Manchester. The BBC has moved here, and Manchester’s financial and professional services sector is booming. MediaCityUK is engaging creative, digital and media start-ups and established companies. The life sciences and health sector is incredibly strong, serviced with a steady stream of exceptionally qualified young people qualifying from the region’s universities, including the University of Manchester, one of the elites Russel Group universities. In total, 70,000 new jobs are forecast by 2026.