Whether you are embarking on property investment for the first time, or are a seasoned property investor, putting your money into property in a university town is a good move. University towns mean students, and the majority of students need accommodation to rent. Here we explore the merits behind investing in property in Manchester.
Manchester is a city known for its youthful energy and vibrant atmosphere. It is the city that has given us the longest running soap on the cobbles Coronation Street, iconic pop band Take That and who can forget one of the most famous football clubs around the world, Manchester United. One of the largest cities in England, Manchester has everything to offer when it comes to student property investment.
Manchester has experienced significant economic growth over the years. The notoriety for fast becoming an influential area has made it a hot spot for young professionals seeking a city lifestyle without the London price tag. The rapid interest has seen an increase in the development of newly built homes and a substantial demand for buy to let properties, making Manchester a property investors’ paradise. The ever-growing infrastructure and chance for personal growth are just a couple of reasons people are being drawn to this exciting city. The lower cost of living is also a huge attraction; in comparison to southern areas your hard-earned cash will go much further.
It is not only the universities’ extensive available courses and outstanding reputations that have students opting for higher education in Manchester, the nightlife and leisure activities have become famous in the city and are a huge attraction.
Manchester is a strong player when it comes to culinary excellence and choice. There are numerous restaurants, independent cafes and coffee shops; whether you are in search of upscale dining or craving the finest street food, you will not be stuck for choice in this city.
The retail experience in Manchester is like no other. The Northern Quarter offer shoppers a truly unique experience where you can enjoy searching through trendy one of a kind pieces. On a rainy Manchester day, many can be found admiring the beauty that is the Old Trafford Centre and the stylish on trend retailers that reside inside.
When it comes to Museums and Galleries, Manchester has so many options for you to explore and the best part, most of them are free of charge. Discover your creativity at The Whitworth Gallery, where works by leading artists are displayed or experience the architectural brilliance of The John Ryland Library, home to rare and historic literature.
Nightlife is what Manchester does best. Home to music events such as ‘The Warehouse Project’ people come from all around to enjoy the edgy underground atmosphere that the city guarantees. Amazing live music from unsigned bands will leave you inspired and the clubs will keep you dancing until the early hours. However, if you fancy getting away from the loud music, why not experience an evening full of laughter and visit the famous Comedy Store!
These are only a few of the many attractions that has made Manchester a hot spot for students and an amazing place to invest. It may not be the sunniest place but that famous Mancunian accent can brighten up even the gloomiest of days.
Where there are students, there is rental income to be made. Investing in property in this popular university city is an opportunity not to be missed. Please get in touch to discuss how we can help with your property investment aspirations.Back to news