Should I invest in Manchester Buy-To-Let?

Should I invest in Manchester Buy-To-Let?

It would be infinitely easier if we were able to just put a simple ‘yes, you should invest in Manchester buy-to-let’ and end the article there but, of course, it’s not quite that simple.

We’re seeing a pretty large surge of activity from clients looking into the Manchester area right now. Whether that’s because of the rising property prices, the strong yields or the huge demand for rental property in the area, there are lots of reasons for the interest.

Given the current economic situation, we’re also seeing many deciding to put their money into the UK and Manchester buy-to-let market due to its security and reliability.

Due to this increased traffic in enquiries, we’ve decided to put a short guide together for those that are looking to invest in Manchester buy-to-let properties.

Is Manchester a good place to buy-to-let?

It depends on how you want to define that but we can look at three specific metrics to determine the answer to that question.

Firstly, are house prices rising in the area? And by how much? Well, according to Land Registry data prices across Greater Manchester have risen by over 50% since 2016, a whopping £74k in value on the average property.

Further, the Office for National Statistics (ONS) published data that showed prices in the area increasing by 14% in the last 12 months.

For future price rises, several different sources predict that prices could rise by anywhere between 10% and 18% in the next three years.

Should I invest in Manchester buy-to-let in 2022?

The city boasts a large student population, three world-class universities and one of the quickest-growing economies in Europe.

Jobs, local businesses and future industries are all thriving around the Greater Manchester area and it’s why it’s considered one of the most important cities in the UK outside London.

As for rental growth, JLL estimates that rental growth could be more than 11% over the next four years, putting Manchester buy-to-let as one of the hottest investments around at the moment.

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We’ve got some real gems on offer right now in the Manchester area offering excellent yields and a range of entry prices, with many already having tenants in place meaning an immediate income available.

Due to the Greater Manchester area being so large, there’s a real variety of options to invest in Manchester buy-to-let, and if it’s something that you’re interested in then now is the time to get in touch with us and let us know what you’re looking for.

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