Why Manchester?

Manchester is a well-connected city with a strong economy. It is a great place in which to invest.

With its vibrant city centre and proximity to the natural beauty of the Pennines and Peak District, there is something to suit every lifestyle.

A strong investment

Manchester has many compelling reasons why it represents a sound investment:

  • A strong economy
  • Prosperous job opportunities
  • Robust capital value
  • High rental yields
  • Solid house price forecasts

Strong house price forecast

+24.3% growth for the North West region expected over the next 5 years to 2026. The highest in the UK. The region is set to outperform London at +8.2%, and the UK average at +17.4%.*

*source: Savills Residential Property Forecasts, August 2022

Strong GVA growth

Manchester is set to see the highest GVA growth of all UK cities over the next 5 years to 2026 according to Oxford Economics.**

**source: JLL Residential Forecasts report, 2021

Strong demand for housing

The overall volume of residential properties under construction has fallen from 14,480 in 2018 to 10,717 in 2021 which is further fuelling a strong demand for housing in Manchester.***

***Deloitte Manchester Crane Survey 2022

A great place to live

Manchester has long cemented itself as a great place to live, with it thriving city centre, a vibrant music and cultural scene, world-renowned shopping and restaurants; there’s something to suit every lifestyle.

Greater Manchester was ranked by the Economist Intelligence Unit in 2021 among the world’s most liveable cities. It was the highest ranking UK city at 54th place ahead of London.*

With a population of 2.8 million, it is the second most populous zone outside of London. The number of people living in Greater Manchester is set to increase to 3 million by 2031.

*source: JLL Residential Forecasts report, 2021

Employment

The UK’s second city with (1,257,000 jobs). Over 80% of FTSE 100 companies have a presence in Manchester, including Google, BBC, Adidas and Unilever.

Economy

Manchester has the UK’s 2nd largest regional city economy at over £73 billion.* The economy is also predicted to grow by 6.5% in 2022 against a 10-year average of 3.4%.**

*source: Dataloft, Centre for Cities, **source: Avison Young

Tech hub

Manchester is home to one of the largest tech clusters in the UK.

Educational hub

Home to 3 universities (University of Manchester, Manchester Metropolitan University, University of Salford), as well as the Royal Northern College of Music and the Northern Ballet School.

Well-connected

Excellent transport links across the country and only 2 hours to London by train. The international airport situated 24 mins from the city centre, and flies to over 200 global destinations.

Cultural-hub

Home to music and the performing arts, as well as world-class architecture and heritage.

Want to learn more?

To find out more about how and why Manchester is a fantastic property investment opportunity with Renaker, get in touch with us today using our contact details.