A couple of years ago, the name Manchester was frowned on and all that I met including my wife wanted LONDON. Personally we decided to invest in Manchester because of the greater yields as well as we saw prices did not come out of the pre 2007 levels. Today, Salford in Manchester is on fire. We are getting out bid left and right on properties in which we want to convert into Professional HMOs.
I even received this email today..
The HS2 is coming to Manchester and it will effectively cut the travel times between London and Manchester in half. Manchester to London in just 67 minutes!
This is just one of the many reasons to invest in the Greater Manchester region.
There is also a forecast of a 20% increase in tenant demand by 2025 and according to property advisor, JLL, housing prices in Greater Manchester are expected to increase by 26.4% over the next 5 years – 5.5% forecasted growth by the end of 2016. Research from their new Northern Renaissance report supports this claim.
Graduates are staying, tourism is increasing and on top of that Manchester was named as the best city in which to live in the UK for the second time running, beating London by 1.6 points.
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