Manchester
6.6%
Average Yield
£87bn
Greater Manchester GDP
19.7%
Regional Growth (2024 - 2028)
21.6%
Rental Growth (2024 - 2028)
Why Manchester?
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.
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.
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.
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 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)
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%.
An insight into Manchester as a City.
Current Developments in Manchester
-
W Residences
Manchester | Yields up to 5% | Starting at £375,000
| Completion Date Q1 2027
-
Obsidian
Manchester | Yields up to 6% | Starting at £251,000
| Completion Date Q4 2026
-
Waterhouse Gardens
Manchester | Yields up to 6% | Starting at £326,000
| Completion Date Q2 2026
-
Trafford Waters
Manchester | Yields up to 6% | Starting at £198,826
| Completion Date Q2 2027
-
Vivere
Manchester | Yields up to 6% | Starting at £229,000
| Completion Date Q2 2027
-
Osborne Yard
Manchester | Yields up to 6% | Starting at £285,000
| Completion Date Q3 2025
-
Willow Court
Manchester | Yields up to 6% | Starting at £268,000
| Completion Date Q3 2027
HOW TO REACH US…
Investment Enquiries
0203 576 0134
info@vincereip.co.uk
Head Office
85 Great Portland Street
First Floor
London
W1W 7LT
