About| Property Search| List Property| Advertise| Contact

RSS Feed Twitter YouTube LinkedIn Facebook Pinterest G+

Buy Properties to Let in Manchester – A Great Investment

by Marquette Turner Luxury Homes

in Features, Real Estate Radar, Variety

Even if you are not from the United Kingdom, you will probably be familiar with Manchester because of their world famous football teams, Manchester United and Manchester City. They have housed players like David Beckham, Christiano Ronaldo, Wayne Rooney, and Zlatan Ibrahimovic who are household names in the world of football and who are powerhouse superstars that have given their teams and country a run for their money. 

Manchester, England - Photo by Aswin Mahesh on Unsplash - Marquette Turner Luxury Homes

Manchester is an important city in the United Kingdom. Not only is it important for their football club but also because of their industry. This is one of the first cities in the United Kingdom to industrialize and they have a network of canals to help the flow of logistics become more efficient. Click this website to learn more about Manchester: https://en.wikipedia.org/wiki/Manchester.

The city itself has a population of 545,000 but the whole area of Manchester has 3.3 million people. It is located Northwest of London and has a cool climate that reaches an average of 25 degrees Celsius during the summer and 1 degree Celsius during the winter. The population is diverse with white races as the majority with 66 percent and Asians at 14 percent. Religion is only predominantly Christian but those with no religion are rising in number at 25 percent and the Muslims at 15 percent. 

Here are some reasons to buy real estate in Manchester:

Location

Manchester is a strategically located city in the United Kingdom. The temperature is also ideal, as it is not too cold during the winter and not too hot during the summer. They also have a lot of Universities and Colleges in the area. 

Tourism

Tourism in the area is booming. One of the driving factors of the tourism industry in the area are its football teams. The teams drive fans to the area all year round every year as they are some of the most celebrated teams all around the world. Plus, this location has a lot of history and culture. There are a lot of places to see and sites to visit. 

High Yields

As is often said, when choosing to invest your money, it is best to invest in different things rather than just one. Always keep your eggs in different baskets to avoid breaking them all at once. Check this website for more information on real estate investments.

Rental prices in Manchester are rising as people are driven to live in this area. It is wise to invest in real estate here now while the prices are still relatively low. Due to the high yields, it is even wiser to hold on to these properties even when the prices have risen because you can get an easy return of investment just by renting your property out.  Prices of properties and rental costs in this city have already started to rise where the average costs of two-bedroom apartments have risen by 8.7 percent in 2017. However, properties in this city are still one of the most affordable Northwest of London and the whole United Kingdom as the average price of a flat is still at around 178,000 pounds. 

Growing house prices

Even when the houses and flats in this city are considered affordable, it is still a good investment because of the steady increment of the prices.  They are rising at a rate of seven to eight percent in 2018 and growth in the properties in this place is expected to rise further in the next few years up to 22 percent. 

A Resilient Economy

One of the reasons that property prices are starting to soar in Manchester is because of their resilient economy. After their industries have shut down at the end of world war two, this area has learned their lesson and adapted to change. Their industries now are centered on research, technology, and finance which are the driving industries in much of the world today.  

Choosing properly where you invest your money is very important. As much as possible, you need to make sure that when you invest your money, you will earn a profit or the investment is useless. Learn more about the places or industries where you will invest your money. Do your own research and invest only when you are certain.  


Leave a Comment

Previous post:

Next post: