A guide to investing in: MANCHESTER

Manchester is now considered one of the biggest hubs outside of London, with a wealth of investment being plugged into the city over the past few years. With new off-plan and completed opportunities springing up around the city every which way you turn, it's no surprise that investors (especially from the south) are migrating their sights to this northern powerhouse city.

• House prices in Manchester have grown by over 30% in the last five years (Zoopla)

• Manchester's city centre population grew by 149% from 2002 to 2015 (Centre for Cities)

• Industry experts are expecting house price in the city to grow by 22.8% between 2018 and 2022 (JLL)

• Approximately 50% of Manchester's graduates from its two leading universities stay on in the city, a rate only second to London (JLL)

• Manchester offers investors some of the highest yields of any UK city with many developments offering 7% net plus returns (Alliance Investments)

• The city has received a wealth of foreign investment in the past few years - Sheikh Mansour bin Zayed Al Nahyan alone has invested £1bn into the city's regeneration (Alliance Investments)

Manchester... the city

Located centrally in the Greater Manchester region, the city is one of the largest in the UK and one of the most exciting places to work, live and visit. Since the millennium, the city has seen exponential growth in the numbers of residents from outside the region flocking to the city for work, education and to start a family in a city with plenty of attractions, activities, and a thriving economy. In more recent years, the city has seen a surge in the number of residents, with many Londoners relocating the the city - either for better job prospects as the uncertainty of Brexit still looms over our heads, or to follow big names such as the BBC who have moved their headquarters out of the capital.

"With affordable property with high rental yields, Manchester is one of the UK's stand-out locations for buy-to-let property investment. It benefits from a strong local economy, high population growth, and all-around appeal as a place to live" - Gladfish.

Manchester has long been dubbed a "lifestyle city", boasting a wealth of activities, attractions and events for residents and visitors. In fact, the city was named (in 2015) one of the most desirable places to live in the UK in the Global Liveability Ranking.

Manchester... the economy

The region of Greater Manchester - made up of ten boroughs - is one of the largest economies, second only to London, with a GVA of £62.8bn. Whilst this figure in itself is impressive, the city also boasts one of the fastest growing economies in the UK also, with predictions that this GVA will grow by approximately 45% by 2036. Manchester's economy is boosted also by the increasing number of world-renowned businesses that are relocating their headquarters to the city - especially to MediaCityUK, which has seen the likes of the BBC make Manchester their home. Gladfish predicts that the city could see over 70,000 new jobs be created in the next 7 years.

As well as being a hub for the creative industry, the city is also thriving and growing its financial, digital and health sectors, with many businesses opening new offices or expanding in areas of the city such as Spinningfields. This is also strongly helped by the number of graduates who stay on in the city, providing Manchester with a professional pipeline of young workers from some of the countries' best universities, including Russell Group university, the University of Manchester.

Manchester... the accommodation

Boasting one of the busiest housing markets in the UK, Manchester's house prices are on the rise, growing more than any other city in the UK for five of the past six years since 2012. This increase is not only seen in the price of houses for sale, however. Rents are also increasing exponentially in the city, with the average rent predicted to grow by 17.6% by 2022. This has made Manchester a hotspot for buy-to-let investment opportunities specifically, especially in the off-plan market with a number of developments being constructed in the area currently, including Regent Plaza. With an ever-increasing population in the city, the demand for accommodation is, understandably, outstripping the current supply and pipeline, making for a competitive market for tenants (and a great market for landlords).

Manchester... the connectivity

One of the reasons why Manchester is at the top of the list of many people to live isn't just due to the amazing opportunities inside the city, but also the connectivity it has to the rest of the UK and overseas. Many people choose to live in the outskirts of Manchester and commute further afield for work, taking advantage of the cheaper northern living costs and rich culture in the city, and great transport links to other major cities.

The MetroLink now offers a number of routes around the city; Manchester's four train stations connect both local and major stations to the city conveniently; the city's Ring Road and motorway links make it an easy place to get to from all sides; and its international airport can make travelling anywhere in the world a breeze. The city is also one of the major stops planned on the new HS2 High Speed Railway, which will take commuting to London from Manchester down to just over an hour.

Manchester... the investment opportunities

Manchester is seeing a boom in opportunities for investors in all sectors, but particularly in the off-plan and buy-to-let subdivisions. The city is able to offer investors an easy-to-sell opportunity (with many of Manchester's rental properties being snapped up within 72 hours of being put on the market), which is predicted to grow both in capital value and rental returns in the years to come. Many opportunities in the city are now offering 6 - 7% plus net returns. There is also a massive demand for this type of city centre, modern accommodation within the city's young professional population, with speculation that 55,000 new properties will need to be constructed by 2027 to meet the high demand (Alliance Investments).

Want to invest in MANCHESTER? We've got some great opportunities in the city, as well as some exciting projects coming up this year! Get in touch with our sales team on 0161 302 6732 or email info@globaledge.co.uk to enquire. Alternatively, you can take a look at our portfolio here.

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