Rents grew by 4.4% towards the end of 2016 into 2017 throughout the Northwest. Of this 3 of the 5 areas in the UK have been within the Manchester region with rental prices close to an increase of 10% per annum for specific areas within Manchester and Cheshire.
Investment wise, the Manchester and Cheshire regions have become a focal point in recent years. Investors focusing on Manchester City Centre can expect to achieve yields of 5% – 6%. For those wishing to do further research or utilising local advisers then yields of 8% – 10% can be achieved in specific suburbs.
The continuously changing landscape and increasing prices within the City are the best signal of the demand required in Manchester and its surrounding areas. With the proposed development of over 10,000 apartments within the City Centre and a spotlight for international investors, Manchester is a City to be excited about.