{"id":584,"date":"2016-06-13T13:17:51","date_gmt":"2016-06-13T13:17:51","guid":{"rendered":"https:\/\/doubleglazinganddoorsmanchester.co.uk\/?p=584"},"modified":"2016-06-13T14:54:02","modified_gmt":"2016-06-13T14:54:02","slug":"investing-property-manchester","status":"publish","type":"post","link":"https:\/\/doubleglazinganddoorsmanchester.co.uk\/investing-in-property-in-manchester\/","title":{"rendered":"Investing in Property in Manchester"},"content":{"rendered":"

Manchester is the 3rd biggest city in the UK, a large area with different property markets from low-value terraces to city centre apartments has great potential for property investment. Steady population growth has created strong demand by homeowners and tenants.<\/p>\n

East and North Manchester has low price properties with great rental yields, therefore, good choice investors.<\/p>\n

West Manchester offers mixed opportunities balancing Capital Growth and Rental Returns.<\/p>\n

South Manchester offers best opportunities for solid HMO demand and highest potential-&historical- for capital growth.<\/p>\n

Finding market rent for Manchester Properties <\/strong><\/p>\n

Why invest in Manchester? Manchester offers the best combination of the following factors.<\/p>\n

1) Housing Demand and Supply<\/strong><\/p>\n

These key factors affect housing supply and demand in South Manchester.<\/p>\n

Housing Supply<\/p>\n

South Manchester market has the highest quantity of properties with 3 bedrooms or more than other Manchester regions. 67 percent\u00a0\u00a0 of its housing stock has 3 or more bedrooms offering more houses suitable for long term family residences for single let tenants. It also has the potential for conversion to a multi-let residence.<\/p>\n

South Manchester has more Owner Occupied Housing Stock than other Manchester regions. 55.9% of region’s homes are Owner Occupied while 23.5% are private rented.<\/p>\n

The local council Draft Core Strategy for new developments provides for just 5% of new homes because of the limited site. Restriction on future supply shall pressurize house prices.<\/p>\n

Housing Demand<\/p>\n

The average size of classic \u2018household\u2019 in Manchester region<\/a> is fast declining while overall population is increasing. This shall increase housing demand especially multi-lets.<\/p>\n

2) House Prices<\/strong><\/p>\n

Housing prices are highest in Southern Manchester that has seen the largest growth in the last cycle.<\/p>\n

There are still lower priced houses but high demand for houses will keep prices rising. Prices of terraces & semi detached properties are back to their peak in 2007.<\/p>\n

3) The Local Economy<\/strong><\/p>\n

Some key points on the South Manchester Economy:<\/p>\n

Economic predictions show Greater Manchester will weather economic recession better than rest of North West.<\/p>\n

Southern Manchester sub-market has shown highest economic growth, key employment indicators, and stability than other Manchester regions.<\/p>\n

A fund of \u00a31.5 billion was approved for 15 Manchester transport schemes. These include an extension of the metro link on the two main lines across the south to link it with the city centre and the other areas.<\/p>\n

Manchester Airport facilities will get \u00a31bn investment over next decade.<\/p>\n

4) Summary<\/strong><\/p>\n

Manchester can be summarized in 3 key points.<\/p>\n