1. A City on the Verge of Enormous Economic Growth
Manchester’s regeneration efforts have massively improved the local economy. 70,000 jobs are expected to be created in Manchester over the next 10 years and the population is projected to increase by 125,000. To compensate, Manchester Airport’s £1Billion expansion will more than double the passenger capacity.
2. Undersupply of Accommodation
Manchester may boast a great economic future but it also has one of the lowest levels of housing available in the UK. That’s why so many projects are being built to satisfy the growing need.
3. Young Population Want Quality Homes
Manchester boasts a high graduate retention rate from it’s 5 universities meaning the population of Manchester is an increasingly young one. Many studies show that in recent years, young professionals seek quality rental accommodation over homeownership.
4. A Culture and Sports Hub
Manchester has an abundance of cultural, sporting and heritage attractions. This vibrant city is home to two of the most well-known football teams in the world, a plethora of theatres, galleries, museums and a dynamic bi-annual international arts festival.
5. Connectivity
Manchester Airport, the UK’s global gateway for the north, houses more than 60 airlines with 200 destinations to choose from. On the ground, the construction of High Speed 2 (HS2) will reduce the railway journey from Manchester to London to just over one hour.
Manchester has investors excited all over the world and the capital gains are already being felt with a 12-year high average of 8.9% this year. If you would like to learn more about investing with one our selected properties click here.