Why Invest

Introducing Buy to Let Property in Manchester

Manchester is one of the UK's largest cities, making it an ideal place to live, work and visit. If you want to invest in buy-to-let property in Manchester, you'll be spoilt for choice with a wide range of buy-to-let investments catering to investors of all preferences.

Greater Manchester's directly elected Mayor is responsible for a £300m housing investment fund, devolved and consolidated transport, health and social care budgets, and critical strategic planning powers.

An additional £7 billion investment was announced to build the Northern Powerhouse. Key aims for the budget will be to better connect the core cities of the North by investing £6 billion.

Funding will also be targeted at the North's scientific strengths, with significant new science investments, including the new Sir Henry Royce Materials Research Institute based in Manchester.

Between 2014 and 2024, it is forecast that the city will have 43,000 net new jobs (a much higher rate of growth than elsewhere in the UK) and contribute £67 billion to GVA, with key growth sectors including ICT, professional services, scientific and technical activities, accommodation and food, arts employment, creative and digital industries and real estate activities.

Manchester's rise to be a world-leading, modern economy has seen Oxford economists predict that employment growth in the city over the next five years will exceed many international capitals, including Paris, Berlin and Tokyo.

It is consistently voted one of the best cities for buy-to-let property investments due to its long-term potential, strong rental demand and appeal to students and young professionals. According to a recent study by Money.co.uk, Manchester is tipped to be the best city in 2023 for buy-to-let property. The average property price is around £234,841, with rent typically costing tenants around £850 per month. Lower house prices, cheaper rent and an affordable cost of living compared to down south means buy to let properties in Manchester will generate the best returns for landlords. A separate report by Simply Business notes that it closely follows London as the city with the highest number of registered landlord insurance policies.

Key Stats

Why Choose Buy to Let Property in Manchester

Construction

55,000 New properties needed by 2027 – Only 1,800 a year being built.

Population Growth

Population has grown by 18,000 in just the last 12 months alone.

Rental Market

Manchester is UK’s leading buy to let city, and fastest growing city.

Highest Rental Yields

6% rental yields, far higher than London and the south.

Rent Prices

Rent prices are forecasted to grow 17% by 2025.

Airport Access

Easy access to Manchester Airport, the UK’s 3rd busiest airport.

History

The city's prominence dates back to its status as the birthplace of the Industrial Revolution in the early 19th century. Then, many factors came together to propel it to become the pre-eminent city of its time. In the early 21st century, many parallels can be made in the city’s transition during the Industrial Revolution to the world’s leading industrial metropolis and now to a leading 21st-century economy.

Manchester is a city with many impressive statistics to its name. It was the world’s first industrialised city, home to the first public library and the birthplace of the first computer. It has the world’s oldest railway station and the oldest professional football league. It is also where scientists first split the atom and has been home to more than 25 Nobel Prize winners. With such a rich history, it's no surprise to see people flocking to the city and why there is incredible demand for buy to let investment properties in Mancheste.

Employers

Manchester’s Biggest Employers

Excellent career prospects make somewhere a fantastic place to call home, and Manchester is one of the best cities for this reason. The city and its neighbouring boroughs are home to several massive companies that serve the United Kingdom, Europe and the world. It is one of the leading destinations for international business, and it continues to succeed in convincing companies to invest here instead of in London. The city centre boasts a thriving business district, while Salford Quays has caught up in recent years.

Manchester has a diverse economy with industries covering everything from retail and media to transport, legal, manufacturing, technology, and logistics. According to a nationwide study, graduates from the University of Manchester are the most targeted by top employers. While many student cities see graduates pursue their ambitions elsewhere after graduating, this destination is well-positioned to help them progress from students to young professionals.

Several global trading companies are based in Manchester, including the Co-operative Group and Umbro, as well as regional offices and warehouses for Adidas, Siemens and other businesses. The Kellogg Company, which sells various food products to over 180 countries, operates their largest factory at Trafford Park. Kellogg’s has recently moved their UK office to Salford Quays to accommodate around 400 employees.

In 2020, Amazon opened their first corporate office outside of London with a Manchester site that created 600 jobs. Travel agency Booking.com plan to make the city their UK HQ with a £100m investment in a global transport hub. Unilever, one of the largest suppliers of consumer goods, manufactures the PG Tips tea bags in Trafford. PwC has recently launched a technology hub in the area and aims to generate 1,000 jobs over the next few years.

manchesters-biggest-employers

Highlights

A Growing City With Great Prospects

  • 1.

    Significant investment is being made across Greater Manchester into all sectors of the economy. Significant infrastructure spending will make it one of Europe’s best-integrated cities with seamless transport solutions for its citizens.

  • 2.

    Funding will also be targeted at the North’s strengths in science, with major new science investments, including the new Sir Henry Royce Materials Research Institute.

  • 3.

    An additional £7 billion of investment was announced to build the Northern Powerhouse. Key aims for the budget will be to better connect the core cities of the North by investing £6 billion.

  • 4.

    Between 2014 and 2024, it is forecast that Manchester will have 43,000 net new jobs (a much higher rate of growth than elsewhere in the UK) and contribute £67 billion to GVA, with key growth sectors including ICT, professional services, scientific and technical activities, accommodation and food, arts employment, creative and digital industries and real estate activities.

  • 5.

    Greater Manchester’s directly elected Mayor has responsibility for a £300m housing investment fund, devolved and consolidated budgets in transport and health and social care, along with key strategic planning powers.

  • 6.

    The rise to be a world-leading, modern economy has seen Oxford economists predict that employment growth in the city over the next five years will exceed many international capitals including Paris, Berlin and Tokyo.

  • 7.

    Manchester has been the subject of several large-scale regeneration projects in recent years, including NOMA. Named after the area's geographic location, NOMA was a £800m mixed-use scheme that became one of the North West's largest projects.

Want to Know More?

Download our full investor's guide to Buy to Let Property in Manchester to discover the full opportunity for capital growth, high rental returns and excellent tenant demand.

City Location

Manchester lies in a bowl-shaped land area bordered to the north and east by the Pennines, an upland chain that runs the length of northern England, and to the south by the Cheshire Plain. It is 35.0 miles (56.3 km) north-east of Liverpool and 35.0 miles (56.3 km) north-west of Sheffield, making the city the halfway point between the two.

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Current Developments in Manchester

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