Manchester Investment Properties
Property investment - like any investment - can be fraught with risk. In order to negate some of this, there are ways in which you can find that perfect property. Whether it is building new or purchasing an already-constructed residence or commercial property, the key is to find an area that is in high demand.
Here are some of the reasons why Manchester might be the property investment location you have been looking for.
A major part of property investment success comes down to location. Though you may be tempted to invest in property in lower-quality, high-interest locations, this can be a risk. Similarly, looking for a high-quality location that has low-interest is not a sound investment either. The trick is to find the perfect middle-ground; an area that is established and yet has room and potential to grow.
Manchester fits this criteria perfectly, with recent investments in infrastructure, a growing population, well-paid government workers wanting to live close to their jobs, and developers creating quality apartments, and high profile projects like Manchester MediaCity, it is a hot destination for investment.
Manchester is experiencing a population growth that is three times the national average. With all of these people living in one place, there will definitely be high demand for quality properties.
Statistics show an approximate 2.5 million people currently live in Manchester, with a strong workforce that contributes billions of pounds to the region’s GDP.
Development initiatives have seen the construction of high-quality hospitals, research facilities, universities, and accommodation. All of this has caused more people to move and work in Manchester over recent years. With the population continuing to grow, there is a constant need for housing, and this makes purchasing an investment property an attractive - and possibly very financially smart move.
Today, everyone wants to live in a connected area with good amenities. Living in an area that is separated from shopping centres, medical clinics, and educational establishments is no longer an option for most. The good news is that developers know this and are constructing homes and apartments in strategic locations.
Manchester is a great example of this. It is home to the UK - and Europe’s - biggest university campus, with thousands of both national and international students. Fashion and entertainment are also a major draw, with giant shopping centres, bustling nightclubs, and, of course, Manchester United and Manchester City football stadiums nearby.
Good transport links with highways, buses, trains, and airports are vital when choosing where to purchase your investment property. Not only does it make it a more enticing place for residents to live, but it facilitates tourism, which will raise the value of the area and your property.
Manchester ticks lots of boxes. With the UK’s largest regional airport, it sees around 22 million passengers travel through its doors every year.
While there is no such thing as a sure-investment, Manchester is certainly a location you will want to keep an eye on.