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6 Great Reason Why You Should Consider Investing In Property In Manchester.....

New Build & Off-Plan Luxury Apartments Situated In The Heart Of Manchester

(1) A city boasting strong performance

The lower prices initially catch the attention of the frustrated London investor, but it’s the high returns and level of growth in Manchester that are actively triggering more people to buy assets in the north-west instead.

Phenomenal capital growth in London in recent years has been well documented, but outside of the M25 recovery levels have been slow since the global financial crisis. Yet Manchester is one of only two cities in the north of England where property prices have accelerated past pre-2007 levels.

In 2015 Manchester was identified by HSBC as the UK’s buy-to-let hotspot, with average yields of 7.98% surpassing those found in any other city. Indeed, average yields since 2010 have grown by an average of 6.02%, compared with a rise of just 4.71% over the same period for real estate in the highest yielding borough in London.

And all indicators suggest that this is simply the start of a prolonged period of gains for investors, with HouseSimple labelling Manchester as the UK’s property investment hotspot for the next 10 years.

(2) A growing city that needs quality accomodation

Such strong performance is being driven by a number of key investment fundamentals.

Chief among which is the rapidly expanding volume of people that call Manchester home. The city’s population is growing at three times the national average, rocketing by 19% in the 10 years between 2001 and 2011. Its desirability as a place to set up home was only embellished further in 2015 when it was named as the best UK city to live in by the 2015 Global Liveability Survey.

Similarly it’s becoming a place that companies want to do business and employees want to work. In recent years a number of high-profile multinationals, such as the BBC and the Bank of New York Mellon, have moved operations to the city. This has had a significant impact on the number of new opportunities in Manchester for workers. It now has one of the fastest growing job creation rates in the country, underlined when there was a 47% increase in job adverts in April 2015 alone, in comparison with 42% in London, the UK’s largest employer.

These impressive economic numbers have brought new people to Manchester – but they need a place to live.

(3) A critical undersupply of quality accommodation

Manchester might have one of the fastest growing populations, but it also has one of the lowest levels of housing stock in the UK.

By 2026, should current population levels and new build numbers continue at their current pace, Greater Manchester will have 1,500 more households than homes, reaching 9,400 11 years later.

For investors in the short-term this is driving yields and capital growth, as rising numbers of prospective tenants and house buyers fight for a diminishing number of units.

But what this also creates is a huge investment opportunity in the long-term; an opportunity to invest in new products and sectors for a city’s growing number of inhabitants.

And there’s one demographic in particular that makes Manchester a stand-out proposition for rental property investment more than anywhere else in the country…

(4) A young population that wants more quality rental property

Over 60% more 25 to 29-year-olds live in Manchester than anywhere else in the UK. A high graduate retention rate from the city’s five universities, a rapidly expanding job market and its acclaimed culture and nightlife make Manchester a desirable place to live for many Generation Y workers in Britain.

There are now fewer home owners in the UK. Of course a large proportion of this can be attributed to the high number of first-time buyers that cannot afford to make it onto the property ladder. But fewer young people today equate homeownership to success, instead preferring the flexibility that renting provides, enabling an increasingly mobile workforce to remain transient.

In short, this means there’s an opportunity for investors to target high-quality rental property in Manchester for a population that actively chooses to rent their accommodation.

(5) A city on the verge of huge economic growth

But above all, it’s the prospect of sustained government-led economic investment that is perhaps the biggest appeal of investing in Manchester right now.

The city lies at the heart of the UK’s Northern Powerhouse. Over the coming years Manchester will benefit from huge levels of infrastructural and business investment, culminating in more jobs, more workers and a GVA that will help reduce the dependency on London.

70,000 new jobs are expected to be created in Greater Manchester’s financial and professional services sector over the next 10 years. The city’s population is set to rise by 125,000 by 2025 too, while a £1 billion expansion of Manchester’s airport will more than double the current annual passenger capacity to over 55 million and help cement its place as the main transport link between the north of England and the rest of the world.

Naturally such a prolonged period of institutional-led investment will impact on the performance of the local property market, and investors have been quick to add assets in the city to portfolios now to ensure they achieve the highest rates of return.

(6)  A city that is attracting huge international investment

UK real estate growth is currently strongest in regional markets, with Manchester leading the way. So what’s making the north-west a key investor hotspot?

For international investors, buying property in the UK has traditionally meant buying property in London.

Chinese investment in Manchester since 2013 alone accounts for a total of £2.1 billion, more than over the last 30 years combined.

The sustained growth of the capital’s prime real estate made it the logical investment location. The average property price in London in January 1995 was £126,295. By June 2015, this had risen to £611,340 in June 2015, representing a 384% return on investment.

Now, however, things have changed.

UK property assets have appreciated by 10% in the last 12 months. Yet it has been regional cities that have contributed most to this growth, with London’s house price inflation standing at just 5.2%.

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Why Should You Choose Mayweather Estates?

The founding members of Mayweather Estates have been established within the manchester property investment industry since 1996, and have developed key relationships with leading developers and banks. This has allowed us to carefully select and pre negotiate discounts on a wide range of property investment deals across the major cities of the UK.

Mayweather Estates are proud to offer our clients, a bespoke property sourcing service, led by an experienced team of property experts. Specialising in the buy to let market, our proactive sourcing team are working daily, in order to find our investors safe and secure, high yielding investments.

Whether you are an experienced landlord or new investor entering the market for the first time, we are here to help. We source our properties through a strict due diligence process, which allows us to cover all angles of the investment, from the rental market through to future capital growth. Providing worked examples of how different types of properties can add value to your new or existing portfolio.

Mayweather Estates are delighted to offer our investors a selection of luxury apartments in the highly sought after location of Salford Quays.  Fortis Quay is a premier destination and will deliver a 5 phase project on the Quays , providing investors with both very healthy rental returns along with excellent capital growth potential. The first phase , was officially released on the 14th October and already proving to be one of the fastest selling projects this year.  With only  54 apartments available in the first phase , if there is a genuine interest , please act efficiently with your reservation.

Jordan Yaffe - Director

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