The Property Market in Manchester
Investment Properties for Sale in Manchester
Manchester, a leading city in the UK, has emerged as a vibrant centre for property investment, offering a rich tapestry of attractions for professionals, students, and tourists. The city centre is adorned with numerous buy-to-let apartments, while burgeoning areas like Ancoats, Media City, and Salford have gained traction among investors and residents.
As the UK's second-largest city, Manchester's property market thrives, continually drawing in buyers. The city's accolades include being named the best UK city to live in, a top tourist destination, and a leader in job creation, surpassing cities like Tokyo, Berlin, and Paris from 2015 to 2020.
Residential Properties for Sale in Manchester
The city presents an array of choices for those scouting for new properties for sale in Manchester. The average rent for a new one-bedroom apartment stands at £1,191 PCM, with two-bedroom and three-bedroom apartments fetching £1,407 PCM and £1,837 PCM, respectively.
In prime new builds, one- and two-bedroom apartments have seen remarkable rental growth of 18% and 19% over the past year, outshining the 9% growth of three-bedroom apartments. The rental rates for these prime new builds range from £1,400 PCM for a one-bedroom to £2,500 PCM for a three-bedroom apartment.
The demand for properties for sale in Manchester, England, remains robust, with the city's average property price currently at £261,765, marking a 14% increase over the last year. This surge has led to attractive rental yields, typically exceeding 6%, the benchmark for covering costs. Rental rates have climbed by 26% since 2009, with property prices projected to rise by an average of 19.8% from 2022 to 2026, according to JLL. An average apartment in Manchester is priced at £191,224, offering strong rental yields.
Manchester's demographic growth significantly fuels the demand for properties for sale in Manchester, UK. The city's population has swelled by over 7% in the last decade and more than 27% over the past 30 years. With over half a million city centre residents renting and approximately 37% of the population comprising the "generation rent" aged between 18 and 34, Manchester's rental market is poised for sustained demand and capital appreciation.
Investors eyeing properties for sale in Manchester can anticipate a stable rental market and promising long-term growth, underscoring Manchester's allure as a prime destination for property investment.
Commercial Properties for Sale in Manchester
The market for commercial properties for sale in Manchester is equally dynamic, offering many opportunities for business and investment. With the city's economic growth and development, commercial properties in Manchester are sought after for their strategic locations and potential for high returns. Whether it's retail spaces, office buildings, or industrial units, Manchester's commercial real estate sector is ripe with possibilities for discerning investors.
Off-Plan Properties
Completed Properties
Developments Map View
Manchester’s population growth is, of course, a massive contributor to this growing demand, with the city’s population increasing by over 7% in the last ten years and over 27% in the last 30.
On average, rents achieved for new developments in the city centre increased 18% this summer compared with the same point a year earlier in 2021
With competitive prices and high rental returns, yield opportunities in Manchester property investment are exceptionally promising. Manchester offers some of the highest rental yields in the UK, sitting around 6.3% on average.
Several regeneration projects have also served to expand and place Manchester on the map. Spinningfields, NOMA, Mayfield, and MediaCityUK are some such areas, all of which are contributing to Manchester's overall appeal to potential investors
