Manchester Overview
Known as the 'Capital of the North,' Manchester has undergone extensive regeneration, attracting global investment and high-profile projects that have transformed the city in recent years. It boasts one of the UK's most in-demand and undersupplied property markets.
Manchester Property
Manchester’s property market is one of the most in-demand and undersupplied in the UK. Attracting global investment due to its growing population, strong long-term capital growth, and high rental yields, Manchester buy-to-let property is one of the greatest success stories in recent UK property investment history.
With one of the fastest-growing city-centre economies in Europe and a rapidly expanding population of young professionals, the demand for high-quality rental properties in Manchester city centre is at an all-time high, making Manchester property a valuable addition to any investor’s portfolio.
Home to prestigious institutions like the University of Manchester and Manchester Metropolitan University, world-renowned football clubs such as Manchester United, and global multinationals including 80 of the Top 100 FTSE companies, JLL forecasts that Manchester will experience the strongest rental price growth over the next five years, as more young professionals are drawn to live and work in the city.
Additionally, Manchester is set to outperform the UK’s leading cities in property price growth, with JLL forecasting a 19.3% increase in house prices by 2027.
Manchester Investments
Manchester Regeneration
Few major cities have experienced regeneration on the scale of Manchester. Transformative projects in the city centre include the £1.5 billion Spinningfields development, known as the 'Canary Wharf of the North' for its world-class business and leisure facilities; MediaCityUK, the largest television studios in Europe; and the Northern Quarter, dubbed by Timeout as one of the 'world’s coolest neighbourhoods 2022.'
Once a nondescript area, Spinningfields has been revitalized by a £1 billion regeneration scheme into a bustling hotspot featuring state-of-the-art offices and popular bars and restaurants. Similarly, MediaCityUK in Salford has transformed from a neglected area into a multi-billion-pound hub for television and the arts, housing major media companies like the BBC and Granada and playing a key role in the 'North-shoring' trend of large employers relocating from the capital.
Key infrastructure projects, such as the £1 billion redevelopment of Manchester Airport and the HS2 (High-Speed 2) railway, have significantly contributed to the city's recent transformation. Both Manchester Piccadilly railway station and Manchester Airport will be major stops on the HS2 line, connecting Manchester with London and Birmingham, which JLL cites as key drivers for house price growth.
As these projects attract renters to live and work in Manchester, residential masterplans are also developing. The Great Jackson Street Framework, for instance, is redefining the city’s skyline with stunning residential skyscrapers such as Three60, The Blade, Elizabeth Tower, and Victoria Residence.
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