Manchester

Introducing Manchester.

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Manchester has become the UK’s second city thanks to billions of pounds of investment and a forward-thinking attitude that makes it one of the country’s most desirable and popular places to live. Named the 15th best city in the world by Time Out and the most liveable city in the UK by the Economist, Manchester is the place to be and presents a huge opportunity for property investors.

The city’s economy is worth more than £87bn, and the City Council’s new ‘Investing in Success’ economic strategy underlines just how fast Manchester’s economy can grow in the future.

A growing economy coupled with a growing population means both property values and rents in the city are increasing faster than national averages now, and are projected to keep doing so in the future. House prices are predicted to grow by 19.7% and rents by 21.6% in the next four years according to JLL.

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6.6%

Average Yield

£87bn

Greater Manchester GDP

19.7%

Regional Growth (2024 - 2028)

21.6%

Rental Growth (2024 - 2028)

Regional Analysis.

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The fundamental fact about Manchester’s property market is that the population is growing much faster than the national average at the same time as there is an inherent supply and demand imbalance. More than 7,000 people are moving here each year according to the City Council, but fewer than 2,402 new homes were delivered to market last year.

Competition for the best homes, especially city centre properties, has never been higher. Low construction rates in recent years mean that no matter how many properties are completed, it is not enough to keep up with demand.

As a result, both property values and rents in the city are increasing faster than national averages now, and are projected to keep doing so in the future – house prices by 19.7% and rents by 21.6% in the next four years according to JLL. This guide includes everything you need to know about Manchester Investment Property and what makes it such a fantastic property investment location.

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Investment Case: Why Manchester?

  • Manchester recorded the highest GVA growth across the Big Six cities over the last 10 years as the Northern Powerhouse economy grew by 32%. And over the next decade, Manchester is forecast to have the second strongest GVA growth of 23%, only being beaten out by Bristol by 1%.
  • Throughout the past 10 years, Manchester has had nearly 10% growth in population. This is above the average for the Big Six cities, which sits at 8.7%, and it also surpasses the UK population growth by some distance, which totalled 6.3%, over the same period.
  • Additionally, Manchester is experiencing the highest annual rental growth in the UK with a 19.6% increase in the year to June 2023.
  • Findings from the latest JLL Buyers and Tenants Survey (click) show there is a growing appetite for properties, including flats and apartments, in central locations close to key amenities, such as public transport, leisure facilities, shops, restaurants and pubs.
  • The University of Manchester is the largest and most applied to university in the UK - Manchester has one of the highest retention rates of students at over 32%. There are other significant Universities in the City too (Manchester Metropolitan, University of Salford, Royal Northern College of Music)

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Request your 2024 Manchester Investment Guide.

Looking to invest in Manchester? Request your free Manchester investment guide today and one of our Investment Advisors will be in touch with available opportunities.

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Manchester investment opportunities.

VIVERE

Manchester
Yields up to
6%
Starting Price of
£229,000
Completion Date
Q2 2027
VIVERE Residences is Manchester's latest luxury development, including 224 apartments, located in Manchester's most sought after destination.
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W Residences

Manchester
Yields up to
5%
Starting Price of
£345,000
Completion Date
Q1 2027
W Residences is Manchester’s first branded residence, located within the cities most sought after postcode with 5* amenities
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Obsidian

Manchester
Yields up to
6%
Starting Price of
£251,000
Completion Date
Q4 2026
Obsidian is a brand-new 26-storey tower in Manchester brought to Salboy and Domis, consisting of 250 exceptional new homes
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Waterhouse Gardens

Manchester
Yields up to
6%
Starting Price of
£249,000
Completion Date
Q2 2026
Delivered by Salboy, Waterhouse Gardens is a exclusive development offering high-spec residential apartments in Manchester
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Arrange a call with our team today.

Investment Enquiries

01625 725 779
contact@theprestburyadvisory.com