Why you should invest in Manchester
So you are thinking about investing in property, why choose Manchester? The population of Greater Manchester is reported as 2.7 million and it is one of the largest metropolitan boroughs in the UK. Greater Manchester has a wealth of attractions for its residents and those considering a move to the area, making it an excellent choice for people looking to invest in property.
Manchester: The Best City To Live In.
Yes we are biased, but its not just us at homes4u that think Manchester is the best place to live. Our city been voted the UK's best to live in for three years in a row on The Global Liveability Survey. Sorry London! Around the city there is something for everyone, award-winning museums, galleries, theatres and a calendar packed full of events throughout the year including festivals and makers markets. The annual Christmas Markets were the first in the UK and year on year just get bigger and better. Who can refuse Gluwein and Bratwurst during the festive season?
There is far more to Manchester than just a thriving City Centre. A short drive from the hustle and bustle of the city centre will take you to the peace and quiet of the countryside. The National Trust has country parks at Dunham Massey and Tatton Park, just outside Altrincham as well as Lyme Park in Stockport where the famous Mr Darcy scene was filmed for BBC’s Pride and Prejudice. To the north of the city you will find the Pennine Way great for ramblers.
New Development in Manchester
Manchester is booming, it seems like every day there is a new development popping up whether it be residential, leisure or commercial. The Deloitte Manchester Crane Survey 2016 reported that the number of new starts is up 40% on 2014. The Survey also states that the number of residential units being built is at its highest level since 2008. There are a planned 12,000 residential units due for completion over the next two years in the city centre alone.
Employment & the Economy
The economy in Manchester is amongst the top in the UK and the City is rated as the second most globally influential city in the UK after London. It is also the fastest growing British economy outside London with a GDP of £28billion and it is home to over 2,000 foreign enterprises.
The Office of National Statistics Business Register and Employment Survey reports that the number of employees in Manchester saw a biennial increase of 8.1% from 2011-2013 with the city centre ward standing at 5.3%. Manchester City Councils Quarterly Economic Dashboard showed a reduction of 38.9% of people claiming Job seekers allowance from November 2013 to November 2014.
Manchester has three Universities. The University of Manchester is the oldest, established in 1824. UoM is part of the Russell Group and is amongst the UK’s top ten. It is also currently rated 35 The Academic Ranking of World Universities.
The University of Salford has been expanding at a rapid pace over the past few years. The Frederick Street campus is just 10 minutes walk from the City Centre. Over at the Media City Campus the UOS is right in the heart of heart of the UK’s media and digital industries including the home of the BBC.
Manchester Metropolitan University was established in 1970 and gained university status in 1992. Along with the City Centre campus, 2014 saw the opening of an impressive new highly environmentally sustainable £140 million development in Hulme.
There are around 14 other higher educational institutions. With Manchester’s reputation as such a multi cultural city, international students are a major part of the student population. The total student population within an hours drive of Manchester City Centre is reported as around 350,000.
Manchester Airport is the 22nd busiest in Europe and the largest outside of London. It is easily accessible from the city centre being only a 20/30 minute drive or under 20 minutes by direct train and tram links.
The Metrolink tram system consists of seven lines linking the city centre with Altrincham, Ashton-under-Lyne, Bury, East Didsbury, Eccles, Manchester Airport and Rochdale.
The train from Manchester to London takes just over two hours and work on the new HS2, High Speed Train which will directly link the city centres of: London, Birmingham, Leeds and Manchester is set to begin in 2017.
homes4u investment service.
At homes4u our landlord services have won numerous industry awards. We offer fully-managed ‘Gold’ service where we look after everything from finding the tenant to moving them out and all that goes in between. For landlords who would like to manage tenancies themselves, we also offer a ‘Silver’ let-only option. For larger portfolios and corporate clients we can cater specific packages.
If you are looking for an investment opportunity in Manchester, our experienced sales team will be able to assist and guide you with your purchase. Whether you are looking for a single property, existing buy-to-let portfolio or new builds we are best placed to offer professional advice. Take your time to browse our available properties online or get in touch with the sales teams in branch for more information.