The property that has been shortlisted is Loom Street House, which is a distinctive five-storey townhouse in Manchester’s Northern Quarter, featuring extensive natural light.
Our aim was to construct a modern urban townhouse on a narrow rectangular site previously occupied by a semi-derelict single storey workshop. The design concept draws inspiration from some of the best urban housing around the globe, including the post-industrial architecture of American cities, the distinctive narrow houses of Holland, and the neo-modernist multi-storey dwellings of Tokyo.
The property is spread over five levels including a roof terrace which is accessed by a private lift and there’s also a private garage.
Find out more about Loom Street House or contact us directly by calling +44 (0)1204 299 229 or filling out the form below:
The UK is one of the greatest places to study in the world, and at any one time the country has around 3 million students in higher education, spanning over 160 universities and technical colleges. The numbers of students pursuing higher education is growing year-on-year, which in the property sector is causing increasing demand for PBSA (Purpose Built Student Accommodation) properties.
Investors are taking advantage of this growing demand to expand their portfolio and benefit hugely from the lucrative opportunities present in the PBSA sector. Student buy-to let-investment has existed for many years, but the demands have shifted – with PBSA now offering accommodation with amenities such as common areas, cafes, rooftop gardens, work facilities and on-site gyms. As such, rental income is considerably higher than traditional student accommodation and so investors have more to gain.
Why Student Rentals are a Strong Investment Option
Student property requires an extra 3% stamp duty and there are some tax limitations, but it remains a strong prospect even with these in place. The property investment climate changes all the time, but the extra yields offered by student property makes it a prosperous choice.
With many domestic students funded by the student loans system, they’re able to borrow further money at reasonable rates to cover living costs and so in turn demand for high quality accommodation is rising. Furthermore, universities remain heavily over-subscribed and the boom in the sector has seen the establishment of dedicated PBSA developers and operators – further proving the potential at stake.
Even with a cost-of-living crisis, demand for higher education remains an upward trend and so investors can rest assured of a good return no matter the socio-economic climate.
Forshaw Groups Investment Opportunity at The Pack Horse in Bolton includes:
Typical yields of 10% assured NET for first year
Recession-proof investment in student accommodation
Central location and near excellent transport links
Turn-key hassle free investment opportunity
Fully managed by a company with a proven track record
Recognised and proven student rental management team
What to look for in a Student Rental Property
When seeking a suitable student property, those considering a student buy-to-let investment should keep several factors in mind.. These include:
Location – student properties are usually best situated within walking distance of either the local campus and/or local amenities, or well connected with public transport.
Property layout and size – properties will need enough bathrooms and toilets to cover all tenants, with large communal areas often favoured.
Condition – properties should be free of any hazards. Student properties are subject to high levels of wear and tear and so any property with existing issues is likely to have these exacerbated quickly.
Rental yields – researching into local rental yields allows the potential profitability of an investment to be assessed.
Financial Aspects of Student Buy-To-Let Investment
There are several financial aspects of student property investment that investors must properly understand before they invest for the first time. These include:
How to Finance your Student Buy-To-Let Property In the UK there currently aren’t specific student buy-to-let mortgages, but standard buy-to-let mortgages are offered by lenders who support student accommodation. This said, those who don’t already have experience with HMO management may find it difficult to obtain such a mortgage, as they are considered high risk due to the nature of their tenants.
Anyone who meets the lending criteria of a buy-to-let mortgage provider offering this kind of product can obtain one.
Understanding Rental Yields and ROI (Return on Investment) Rental yields are a fantastic indication of the ROI that an investor could expect to see. It’s critical that investors understand the difference between gross rental yield (comparing the property price to the income generated without factoring in expenses) and net rental yield (comparing the property price to the income generated factoring in all costs). A higher yield is a better return.
Furthermore, mortgage lenders for student property will take into account the potential ROI on the investment when it comes to making their lending decisions.
Tax Considerations and Costs for Student Landlords Tax considerations for student property landlords are slightly different to those of traditional buy-to-let properties and so the technicalities must be understood.
Income generated from student lets is subject to income tax, and the wear-and-tear allowance that landlords used to be able to claim has been abolished. Now, exact costs can be claimed but there is no blanket allowance amount available.
When a property is sold, landlords often look to claim Private Residence Relief to reduce their Capital Gains Tax liability – but investors should note that this does not apply to student properties.
Student rentals are an increasingly popular option for investors with the sector blooming and growing all the time. With high rental yields and increasingly rising demand, both traditional student HMOs and new PBSA developments can be prosperous for those brave enough to take the leap.
Forshaw Land & Property Group can help guide investors through this blossoming investment sector and ensure maximum ROI is achieved.
To find out more about the student buy-to-let investments around the UK please contact us directly by calling +44 (0)1204 299 229 or filling out the form below:
Branded residences refer to high-end residential properties that are sometimes associated with well-known brands, usually within the hospitality and luxury lifestyle sectors. These properties come equipped with home comforts along with high-end services and amenities, and which are usually reserved for five-star hotels.
Well-managed and beautifully designed, they provide a smooth combination of exclusivity, convenience, and higher living conditions.
The majority of branded residences are located in hotels, hotels and residences together or on their own as residential developments managed by hotel groups or other luxury operators.
Though luxury hotel brands have historically commanded this market, the idea of branded residences has broadened to include not just fashion houses, automotive brands and other luxury companies seeking entry to the residential sector.
Example of branded residences range from:
Hotel Residences – Private homes located within a hotel, with some degree of the hotel’s services and amenities.
Residential Developments next to hotels – Standalone residences adjacent to a hotel, typically using the same resort and management services.
Standalone branded residential developments – Independent properties that bear a brand’s signature design, service standards and operational management.
Hotel-managed residential developments – High-end homes owned independently, but run by a hotel brand to ensure top-quality service.
How Do Branded Residences Work?
Branded residences are where an exceptionally high level of service and an unmatched repertoire of offerings transcends the definition of what a residential property can be.
Amenities are one of the most important sales tools for buyers and tenants — sometimes even more so than the location itself.
In essence, branded residences appeal to homeowners, tenants, and investors alike, if only because they are synonymous with quality and convenience — not to mention they can also be good investments.
High specification homes with excellent amenities have become increasingly popular and there is considerable interest from buyers who often choose to live in these new homes and receive this level of service, either through long-term lease or investment purpose.
Advantages for Investors
Investors are attracted to branded residences for their upkeep, with professional management teams responsible for maintenance, security, and all other operational aspects. Many of the developments also have a rental programme, so owners can earn money when they’re not in the property.
Hassle-free ownership — Brands manage management for seamless maintenance and upkeep
Quality assurance — Buyers have assurance about long-term value of property due to the association with a trusted brand.
Higher resale value – Many branded residences enjoy a greater resale value than their non-branded luxury counterparts.
Capital appreciation – As an investor it could mean that the property value will increase over the long term, as the property will be associated with a world-renowned name.
Higher rental yields – The prestige and service quality associated with branded developments makes them attractive as short-term rental properties, and increases short-term rental potential.
The Gap Between Branded and Non-Branded Residences
Branded residences differentiate themselves from conventional residential developments through their association with premium brands, ensuring higher standards of design, amenities, and services. Branded residences, on the other hand, tend to provide a higher level of service integration and access to luxury amenities that make them attractive for both buyers and investors.
Key differences include:
Service and management – Branded residences come with a level of pronounced hotel management that guarantees smooth operations.
Prestige and exclusivity − The affinity to a certain brand increases desirability and market holding
Resale and rental value — These branded residential developments are known to attract higher selling prices and rental income per square foot as compared to their non-branded counterparts owing to their superior quality.
Branded Residences: Location
Branded residences are found in many of the world’s top cities and resort destinations. These trends create high-end real estate opportunities in major markets with high luxury living demand.
Residences by Armani/Casa ─ Florida Overlooking the Atlantic Ocean, this beachfront tower, designed by César Pelli, reflects the refined aesthetic of Giorgio Armani. With sumptuous interiors, sweeping ocean views and museum-quality art, this is most definitely a home for the ages.
The Towers of The Waldorf Astoria – Manhattan, New York Set inside the historic Waldorf Astoria, this development features a sophisticated blend of studios, apartments, penthouses, and marquee homes with private outdoor spaces. Residents enjoy private entrances, custom interiors, and hotel-style world-class services.
The Sky Residences at One Bishopsgate Plaza, London Rising above the Pan Pacific London properties, the development combines five-star hospitality with luxury private apartments. Showcasing panoramic views of the city, undeniable wellness amenities, and unparalleled service, these residences offer the ultimate urban experience.
VIVERE Residences – Manchester A significant regeneration project, the VIVERE Residences and Aparthotel brings luxury living to Manchester’s Cornbrook area. Built as a mixture of apartments, penthouses and aparthotel, this particular development benefits by being settled near the key transport links, this makes the VIVERE Residences a great investment option.
Overview
Brought to consumers around the world by luxury real estate, branded residences have transformed the residential buying and living experience through the combination of high-end living with a widely recognized brand where brand prestige is already a commitment to service excellence. These luxury properties provide attractive standards of living, exclusive amenities, seamless management and long-term investment potential that appeal to a wide range of buyers and investors.
As demand increases and more brands enter the space, the branded residence market is growing, positioning itself as a leading sector in world real estate.
To find out more about the latest branded residence in Manchester – VIVERE Residences please contact the developer directly by calling +44 (0)1204 299 229 or filling out the form below:
Manchester has become a prime investment location over the last few years with swaths of development and regeneration projects having taken place – and plenty still planned. Cementing its reputation as a big business hub, some of the world’s best known brands including Google, Amazon and Microsoft have settled in the city. What’s more, investment analysts believe this is just the start for Manchester, with JLL predicting a property price increase of 19.3% by 2028; making it the second strongest city for house price growth!
The vast urban regeneration of Manchester, Salford, and the surrounding areas have resulted in a thriving rental sector, with over 31% of the city’s population renting privately. This high demand for quality rents is keeping investors and estate agents across Manchester busy with a constant flow of tenants looking for new homes and a great deal of rental income being processed. With such high demand, void periods are low and in many cases downtime on properties is just days.
The average rent per room in Manchester was £454 in 2024, with the average one-bed apartment coming in at £1,200 per month. This ranks the city within the highest in the UK for rental returns, with an average yield considerably higher than most of the country. Analysts predict a further growth of 16.5% for properties in Manchester by 2030 – a growth rate almost as high as the capital.
The capital appreciation of properties continues with prices increasing some 5.6% in the last 15 years, and the average price having grown to almost six times the level of that 25 years ago.
2. Economic Growth and Job Opportunities
The development of so much of the Greater Manchester area has seen a myriad of household names move into the city, establishing a new reputation as a fintech hub. Believed to have already contributed some £1 billion to the economy from this sector alone, Manchester has also been named the ‘most AI-ready city in the UK’ by the SAS AI Cities Index.
Indeed over the last few years professionals have flocked to Manchester to take advantage of rapidly growing start-ups, established brands opening new offices and a wealth of job opportunities across all sectors and industries. Combined with an ever-growing number of graduates choosing to stay in the city after their studies end and a number of companies choosing to relocate to Manchester, the job market is booming and attracting more and more professionals all the time.
3. Ongoing Regeneration and Development Projects
While many regeneration projects tend to spike a peak in interest before tapering off, Manchester’s initiatives are continuing into the long term, sparking the opportunity for capital gains over years as further developments increase demand. An unrivalled level of sustainability and focus in the city’s regeneration and development plans are resulting in a longevity amongst the market that can be difficult to find elsewhere.
Projects through Greater Manchester running into the long term include a £2 billion replacement of the Old Trafford stadium (attracting new jobs, national and international tourists alike), the development of Trafford Wharfside into an emerging neighbourhood, a 20-acre development across the NOMA site, new developments next to Cornbrook tram station and the gentrification of Wythenshawe town centre.
Manchester is fantastically connected with public transport nationally and internationally, allowing residents to travel out and commuters to travel in easily. The city’s transport networks are multi-modal and include a comprehensive rail network, inter-city tram services, an outer ring road spanning some 30 miles and an international airport.
Furthermore, the Metrolink is set for expansion and the plans for this include connections to nearby Heywood, Middleton and Stockport. This enhanced connectivity will only further attract more tenants and increase property values, as well as see demand grow for properties close to transport links.
5. Diversified Property Options and Development Trends
The broad spectrum of developments planned for Manchester alongside the impressive growth seen already makes the city ideal for a variety of investor profiles.
First-time buyers, buy-to-let investors and off plan property investors can all benefit from Manchester’s diverse property options and high yields. Even those looking to invest in serviced apartments (particularly amongst the high end of the market) can find ample opportunity in the city.
Conclusion
With high rental yields, regeneration driving demand up and up, vast property diversity and unprecedented economic growth, it’s no surprise that Manchester is a prime locale for property investors.
But why now? Despite the city’s rapid growth and development, there’s no sign of it slowing – and ongoing developments are only further sparking market potential. Forshaw Land & Property Group can help you find the right investment for you, no matter your experience or budget. Get in touch to learn more by filling out the form below:
The Buy To Let property investment market has seen a vast number of changes over the last decade alongside changes in government, increasing property prices and a tumultuous market hit by a pandemic. Yet the UK remains a prosperous nation for those looking to invest in Buy To Let property; and the key to such prosperity is all in the location.
Rental demand is continuing to increase nationwide and is expected to remain strong for the foreseeable future. With house prices continuing to soar higher than many salaries, those able to purchase property are dwindling and the demographics of those aged 15-29 (the most likely to rent) is expected to increase by some 6% in the next decade.
The most common types of tenants in the UK now are couples and single occupants, in white collar, clerical or professional work. As of March 2024, the Index of Private Housing Rental Prices rose by its highest increase ever; some 9.2%. Combined, these attractive tenants and financial prospects make for a winning formula for those looking for a Buy To Let property investment.
But where best to purchase a property? Indeed, location can determine profitability, with some areas of the country faring better than others in terms of growth.
Manchester: A Buy To Let Hotspot
Topping many a property hot list, Manchester remains a stable option for Buy To Let investment. The analysts Savills predict property prices to increase up to 29.4% in the next five years, and given the city’s recent transformation, it’ll surprise no one to see Manchester leading the way. In the last 20 years, homes in Manchester have seen the biggest average price rise according to the Land Registry: from £59,348 to £235,437 – a 298% increase!
With the regeneration of the city centre and Salford area continuing to attract professional talent globally, the city has already seen business and employment growth of 84% across a 13-year period; and this is only set to grow further. Manchester remains a thriving locale for property, and is a safe bet for solid ROI and competitive rental yields
The experts in developing buy-to-let properties in Manchester and Salford.
Forshaw Land & Property Group have been developing properties for over 16 years across the UK. Our current pipeline is the development of flagship schemes in Manchester and Salford Quays. These developments set the standard for residential experience and offer a wide range of exclusive amenities for occupiers, including; roof terraces, fully equipped gymnasiums, residents lounges, concierge services and private dining rooms.
For properties in development or completed please see the latest information on Forshaws website.
Birmingham: A City of Opportunity
In the heart of the midlands sits the UK’s second city, Birmingham. Major regeneration projects underway in the city are boosting the area’s appeal to new residents, and with businesses stabilising post-pandemic and the local academic institutions continuing to grade well, tenant demand is growing rapidly.
London: Balancing High Costs with High Demand
The capital has long presented a large rental market, but the cost of purchasing property in the most expensive city in the country needs to be balanced with the potential returns. Through 2024 yields have remained competitive, with E6 (East Ham) warranting an average of 6%, SE28 (Thamesmead) 5.9%, and SE2 (Abbey Wood) 5.8%. London is truly a prime destination for Buy To Let property investment, and attracts a high number of international buyers.
Liverpool: A Rising Star for Investors
Liverpool remains a city with affordable housing abound; a stark contrast to more southern destinations. The key rental demand drivers are students and young professionals, with many of the latter choosing to base themselves in Liverpool and commute elsewhere. The city enjoys an average rental yield of 6% – and as the fastest growing city population in the country, indications look positive that this will stay high for a long while to come.
Leeds: A Stronghold of Rental Yields
Buy To Let property investment has long been a fruitful business in Leeds, where average rental yields come out at 6.7%, with districts such as LS6 reaching 7.0% and LS1 6.9%. Indeed Leeds is one of the country’s most robust markets for Buy To Let property investment and its continued reasonable property pricing keeps this the case.
Frequently Asked Questions
What is the average rental yield for buy-to-let properties in the UK? The average rental yield for Buy To Let properties in the UK is 5.6%. The north of England and Scotland present the best yield opportunities, and London the lowest.
How do I calculate the profitability of a buy-to-let property? Rental yield can be calculated using either a property’s current value or purchase costs. It’s always recommended to use a digital Rental Yield Calculator for the most accurate results.
Is buy-to-let still a good investment in 2025? Britain’s rental market remains buoyant, with high rental demand as a result of continually rising house prices and economic difficulties. Lenders are keen to support Buy To Let investors as a result of their potential returns, with a myriad of competitive mortgage options on offer, including low-deposit mortgages and fixed-rate deals. Buy To Let property continues to be a good investment – and with demand and yields both set to increase, can only keep getting better!
Which city offers the highest rental yield in the UK? Manchester can be considered the best city for rental yields in the UK, with postcode areas such as M14 reaching up to 12%*. A combination of a young population, strong regional economy and hefty predicted growth work together to boost the city’s rental potential.
Contact Us
Talk to our buy-to-let experts today if you’re ready to find out more about investing in buy-to-let properties in Manchester city centre. You can connect with us by giving us a call on +44 (0)1204 299 229, by sending us an email or by completing the enquiry form below:
“Our previous projects with Maslow Capital, including Halo Apartments and Pavilion Wharf, have been resounding successes, and this new collaboration further solidifies our partnership. Maslow’s deep understanding of the development process and their ability to align with our vision make them a natural fit for our projects. Their expertise gives us the confidence to deliver ambitious schemes like the Vivere Residences, which we are proud to see contributing to Manchester’s ongoing growth and urban transformation.” Lyndon Forshaw, CEO at Forshaw Land & Property Group.
For further information regarding VIVERE Residences and Aparthotel, please contact Forshaw Group.
Residential property investment in the UK remains a great idea for a number of reasons. These include the high demand for rental properties, particularly in large cities such as London, Manchester and Birmingham. Many UK tenants prefer renting to buying due to the flexibility that it gives them.
Property prices tend to rise over time in the UK, especially in popular cities like those mentioned above. Investors can benefit from low interest rates that make borrowing affordable as well as help-to-buy schemes. If you are interested in investing in residential property in the UK, it’s important to find out what your options are.
Here are some of the most popular and lucrative types of residential investment properties you can purchase.
Buy-to-let: This option involves investing in a residential property so you can rent it out to tenants. It can give you a steady rental income, and the value of the property could increase over time, so you can make a sizable profit if you decide to sell later.
Student accommodation: Student accommodation investment is similar to buy-to-let, only you’ll exclusively rent the property out to students. This means it’s best to look for properties located close to universities, which are normally in major cities. You can usually expect to see higher yields due to the number of students living in the properties.
Holiday homes: Renting out homes to holidaymakers can be incredibly lucrative, especially when they’re located in particularly popular areas. Just remember, there may be less demand during the colder months of the year. However, you could stay in the property yourself out of season.
Houses of Multiple Occupancy (HMOs): HMOs are similar to student accommodation although you can rent the rooms out to anybody, not just people enrolled at college or university. HMOs often involve short-term leases, which make it easier to adjust rent when necessary.
Off-plan: Off-plan properties are those that are bought before they are constructed or ready to live in. A big draw of the off-plan property is that it’s often available for a lower price than a home that’s already habitable. These properties regularly rise in value once they are completed and involve flexible payment plans for investors.
Property renovation: Property development is also very popular as it can deliver high returns on investment once homes have been renovated. The amount of money involved in renovating a property can be greatly eclipsed by the increase in value generated by these changes.
Hotel rooms: Another option is to purchase and become the leaseholder of hotel rooms within a hotel. A great thing about this is that the operator of the hotel will normally look after the management of the rooms on your behalf to reduce your workload. Tourism can help you make a substantial profit when you purchase hotel rooms.
Investing in property abroad: Investing in overseas property allows investors to capitalise on growing international markets. Higher rental yields and lower property prices are just two of the benefits investors can usually look forward to.
Real Estate Investment Trusts (REITs) and other property investment funds: REITs and property investment funds help people invest in property without owning it directly. These funds pool capital to invest in various assets including residential properties and commercial developments, offering investors valuable exposure to the property market. REITs pay out most of their income as dividends, which is great for investors seeking a steady income stream.
Buying an Investment Property and the Cost Involved
There are a number of costs you’ll need to cover if you want to get involved in residential property investment. These include:
Solicitors’ fees: You’ll need to pay legal fees to a solicitor to cover the conveyancing process. This ensures the property’s title is clear and contracts are managed effectively.
Deposits: You’ll normally have to pay up to 20% of the overall property price as a deposit. Some investors are able to get better mortgage rates if they can pay a larger deposit upfront.
Estate agency fees: Estate agents normally charge between 1-3% of the sale price.
Land Registry fees: You’ll need to pay a fee to register your property with the Land Registry if you’re making a domestic purchase.
Surveys: A survey must be carried out to check the condition of the property and identify problems.
Mortgage fees: These fees cover the arrangement of the mortgage and the valuation. The specific cost can depend on the type of mortgage and the specific lender.
Stamp duty: If you’re buying an extra property in the UK you’ll need to either pay 3 or 4% as stamp duty. This is known as ‘land and building transaction tax’ in Scotland and ‘land transaction tax’ in Wales.
Insurance: Buildings insurance covers the structure of the property. Your lender will normally require you to take it out as a condition of the loan.
Getting your finance in place
If you are interested in residential property investment and want to make a purchase, you’ll need to ensure that the investment is a good match for your current financial circumstances. It’s best if you have no existing debt aside from your other mortgage or mortgages. You won’t see a substantial return on rental yield or capital growth overnight, so be prepared to be patient to make big gains. You’ll also need to carefully calculate your typical income and expenditure as well as how much capital is currently available to you to ensure you can truly afford the investment.
Finding the right profitable property in the right location
It’s important to make the investment work as hard as possible for you if you want to see a big return on investment. Further down the line, you may need to decide if you want to sell the property or rent it out to tenants. Both can be highly lucrative, but what’s best for you can depend on your specific circumstances.
Have you considered investing in the highest ranking English Residential Investment city in the UK in 2024*?
Manchester and Salford are widely regarded as two of the best locations for residential property investment in the UK.
There are many great reasons to consider investing in an off-plan property in Manchester City Centre. Whether you’re a UK-based or foreign investor, the city offers a host of fantastic opportunities.
What is drawing so many professionals to Manchester?
Manchester has seen spectacular growth over the past few years, with media, technology and finance being just a few of the sectors that have generated wealth and opportunities in the city. Its thriving economy has created a great deal of demand for properties. The city is also home to several colleges and universities, including the University of Manchester and Manchester Metropolitan University.
The student population is just one reason why there is such a large demand for rental properties. More than half of those who study in Manchester choose to stay in the city once their studies have come to a close in order to make the best possible start to their careers and take advantage of the fantastic career opportunities offered by the city.
Another reason why Manchester is so popular amongst young professionals seeking quality rental opportunities is that it has an outstanding transportation infrastructure including an extensive rail network, tram system and international airport. Those living and working in Manchester benefit from a high level of accessibility and convenience. Manchester has also undergone many regeneration projects. These have revitalised various areas around the city and attracted a large number of businesses and residents.
Manchester arts and culture
The city is also famous for its vibrant arts, culture and social scene, offering world-class music. Many people now regard Manchester as the UK’s second city after London. Over the River Irwell, Salford’s Media City is a major hub for some of the UK’s most prominent media companies including the BBC and ITV. It’s said that Media City has created 10,000 jobs in the area since it first opened back in 2012. Popular arts and culture venues in the area include the new Co-Op Arena, the Lowry, HOME, Albert Hall, Bridgewater Hall, the Apollo and the AO Arena, to name just a few.
The Lowry Centre- Salford Quays
The future of property investment in Manchester
Experts predict that things are only likely to get even better for those investing in property in Manchester. It’s estimated that the population of the city will rise by 70,000 by the end of the 2020s, yet only around 10,700 units are currently under construction. This means there is currently a sizeable gap between supply and demand. As the competition for quality property grows, rental yields are set to increase in line with this.
Statistics on Manchester’s economy ⁽¹⁾:
City centre economy = over £6 billion
Regional economy = over £62 billion
Average annual growth of Manchester economy = 3.6%
Five-year job creation and growth prediction = 16.4%
Employment in Manchester
Some of the world’s best-known and most prestigious brands have chosen to set up home in Manchester including Microsoft and Amazon. Some of the companies that began life as start-ups in Manchester are now worth more than £1 billion ⁽²⁾.
Train times in Manchester
Another reason why Manchester is such a big draw for professionals is that it offers quick and easy access to other major cities around the UK. Those setting up home in Manchester can reach London in just over two hours, Birmingham in around 90 minutes and Edinburgh in just over three hours.
Why invest in off-plan properties in Manchester
Off-plan properties including new builds in Manchester offer a fantastic return on investment. Many investors have seen properties rise in value even before tenants have moved into these properties. Vast savings are available for those choosing to invest in Manchester off-plan properties as well as those that have now been completed.
Investing in off-plan properties can come with various advantages including lower initial costs, potential for capital growth, flexible payment plans, securing units in high-demand areas and potential for early rental income, financial leverage and early access to new developments.
Secure your next off plan Investment with Forshaw Land & Property Group Ltd
Whether you’re interested in Manchester new builds, buy-to-let or off-plan properties, Forshaw Land & Property Group is here to help you. Established for over 15 years you can expect assured yields, capital growth and impressive returns that are well in excess of regional averages. With our help, you can get access to exclusive opportunities and deals that enable you to purchase at lower prices before construction is completed. We can introduce you to a wide range of investment opportunities for sale in Manchester and provide a bespoke service that ensures everything we do is tailored towards your specific needs.
Our privately owned family company can provide guidance at each step of the process, enabling you to maximise your investment returns and meet your objectives.
Calculate your expected rental yield by using our free rental yield calculator:
Assistance is available whether you’re a seasoned investor or are entering the market for the first time. Our sister company Primo Property Management can even manage your properties furnishings, management and even provide you with tenants on your behalf.
Contact us
We are ready to hear from you right now if you want to find out more about investing in off-plan properties, new builds and buy-to-lets in Manchester. You can reach us by giving us a call on +44 (0)1204 299 229, sending us an email or by completing the contact form on our site.
Salford was newly listed as one of the world’s top 10 ‘best value cities for quality of life’ for 2024 and following its recent extensive regeneration, it’s clear to see why. The rejuvenated docks have become a sleek modern metropolis of residential and hospitality spaces with commercial opportunities rife throughout; and with planned further extensions and expansions, Salford Quays apartments are set to become even more in demand.
Why Salford Quays?
When the Salford dockyards closed in 1982, the Quays were regenerated into a world-class media hub peppered with luxury waterfront apartment blocks and hospitality and arts venues throughout. This gentrification has seen Salford Quays become a destination in its own right, boasting traffic-free promenades, scenic walks and plenty of space – all in stark contrast to Manchester city centre but within just a short distance (and plenty of public transport links thanks to the Metrolink) from it.
What’s more, Salford Quays has become somewhat of a cultural hub for the area: with museums, cinemas, theatres and marked historical spots throughout. With Media City UK; home to the BBC, ITV and Coronation Street sets; at the end of the Metrolink line, tourists and professionals alike flock to Salford Quays to take in the sights. Just across the docks is Old Trafford and the Helly Hanson Watersports Centre, both cementing the Quays as a sporting epicentre.
Access to all of these facilities and diorama while enjoying the benefits of Northern English affordability makes Salford Quays an unrivalled place to live – balancing both quality of life and value.
The top reasons people choose to live in Salford Quays
Luxury apartments
Salford Quays is made up of almost exclusively new-build residential developments; many of which are luxury apartments. The finish on these homes is extremely high-end and the apartments are competitively priced compared to central Manchester.
VIVERE Residences – Penthouse Apartment and Terrace – Cornbrook
Great transport links
Salford Quays is on the Metrolink and on several bus routes in and out of Manchester city centre and the surrounding suburbs. Trafford Park and Salford Crescent Railways Stations are roughly equidistant, and Manchester Airport is just 40 mins away.
Waterside living
The Quays is a waterfront destination boasting luxury apartments and townhouses overlooking the water and offering up stunning views along the old docks.
Culture
Unlike other newly regenerated destinations, Salford Quays enjoys a vast array of cultural attractions that aren’t made up of just modern venues. Alongside new built cinemas and theatres, you’ll also find the Lowry Theatre and Imperial War Museum North.
Events and activities
The community enjoys a bustling year-round calendar of events and activities for all ages, including shows, exhibitions, festivals, sports events and art installations.
Media and tech
Being home to Media City UK, Salford Quays has fast become an international hub for media and technology companies, with job opportunities and development possibilities rife throughout the area.
Employment centre
Almost a quarter of all jobs in Salford are in Salford Quays, making it a major employment centre in the region. Whether you’re looking for career development or a new direction, there’s plenty on offer in the Quays!
Shops and restaurants
There is a plentiful amount of shops and restaurants throughout the Quays, including both chain stores and independent boutiques and a whole shopping mall of favourites.
What’s next for Salford Quays?
Salford Quays is already a hugely desirable place to live but the neighbourhood is set to grow even further in line with its potential.
Plans for Media City UK are for the development to double in size over the next two years, cementing Salford Quays as a world-leading media destination for years to come. This in turn will amplify leisure and business opportunities in the area, and as a result, some 3,000 more homes are planned for construction.
Why invest in Salford Quays apartments?
It’s no surprise that Salford Quays is, and continues to be, a hugely desirable place to live for young professionals, couples and families alike. As one of the boroughs making up Greater Manchester, it affords a population of around 248,700 out of the county’s 2.8 million people.
The numerous new developments and ample amenities in Salford Quays means that property prices here are slightly higher than you’ll find in surrounding boroughs; but the potential in Buy To Let properties is so fruitful that returns are high – and quick! Those who choose to rent in the area include the myriad of professionals working in and around Media City UK and commuting into Manchester city centre.
Looking at Salford Quays Apartments but also want to be near Manchester City Centre?
Forshaw Land & Property Group have a number of properties completed and underdevelopment which are ideally positioned between Salford Quays and Manchester City Centre. With only a 10-15 minute metro or bike ride you can be in the centre of either – presenting an ideal compromise between the two.
Silkbank Wharfis located on the banks of the River Irwell and is a high-specification 17 storey building complemented with a residence lounge, concierge service and a communal garden terrace comprises of 160 stunning waterside apartments.
The Waterhouse is a high-specification nine storey building complimented with private balconies and roof terrace comprising 86 stunning waterside apartments affording impressive city and water views.
The in-development VIVERE Residences will feature a 24-storey building with 224 luxury apartments, including 70 one-bedroom, 117 two-bedroom, 34 three-bedroom, 2 four-bedroom, and 1 six-bedroom apartments. Out of these 224 homes, 5 will be high-end penthouses that include private terraces. The penthouses will include excellent views of the nearby canals.
Forshaw Land & Property Group acquired the land from waterside regeneration specialist, Peel Waters. The approved project is set to build 237 homes and 88 aparthotel studios on a 2,249 sqm site to revitalise the current wasteland.
Project Overview
ASPECT
DETAILS
Developer
Forshaw Land & Property Group
Location
Cornbrook, Manchester
Property Type
Residential and Commercial
Total Apartments
237
Apartment Types
74 one-bedroom and 158 two-bedrooms
Penthouses
5 luxury penthouses with private terraces
Total Aparthotel Rooms
88 rooms in the four-storey VIVERE Aparthotel
Height
24-storey tower
Communal Amenities
Games room, cinema room, yoga studio, fully equipped gym, private dining and coffee bar
Retail and Amenity Spaces
Ground floor commercial outlets and community meeting spaces
The VIVERE Residences will feature a 24-storey building with 237 homes, including 74 one-bedroom and 158 two-bedroom.
Out of these 237 homes, 5 will be high-end penthouses that include private terraces. The penthouses will include excellent views of the nearby canals.
VIVERE Penthouse Terrace
Location
Strategically, the VIVERE Residences is only 150 metres away from the Cornbrook Metrolink.
You even have bus services available on Chester Road, a short walk, and Deansgate train station is only a 15-minute walk.
Alongside this, it’s not too far away from Salford Quays and Media City, making it a perfect location for executives working in the area.
Facilities
On the ground floor, there will be a series of retail and amenity spaces. These will range from commercial outlets to community meeting areas.
The overarching goal of these facilities is to create a self-sufficient neighbourhood, ensuring residents have access to everyday necessities without travelling far.
Recreational and Fitness Areas
Residents of the tower will also have access to various recreational and fitness amenities. These include games rooms, a large TV room, a yoga studio, a fully equipped gym and private dining.
VIVERE Private Dining
Similar to the facilities, Forshaw Land & property Group want the neighbourhood to have everything within arms’ reach. This is the same for their recreational and fitness areas, ensuring all residents can find comfort in their home environment.
VIVERE Gymnasium
VIVERE Aparthotel
Moving away from the VIVERE Residences, you have the VIVERE Aparthotel side of the property. This will include 88 rooms and will cover 4 of the 24 storeys of the building.
Because of the location of the property, it doesn’t only make for a great residential building. Its location and nearby transportation systems make it an excellent place for a hotel, offering short-term accommodation for business people and tourists.
Impact on the Community
The transformation of the once-neglected land in Cornbrook is expected to significantly and positively impact the area.
Overall, the development will provide much-needed housing, help reduce the crime rate, and increase the activity around the currently bleak and rundown Cornbrook Metrolink stop.
Additionally, it will provide access to jobs. The hotel, apartments, and facilities will require staff from the local community. Not only this but because of the location near Media City, it could bring fresh and innovative talent to the marketplace.
And lastly, the regeneration project aligns with the broader goals set by Manchester Waters master plan. The goal of this plan is to create vibrant, sustainable waterside communities in Manchester by improving the overall living conditions in these locations for current and future residents.
Investment Potential
Investing in Forshaws new VIVERE Manchester development, either for buy-to-let or buy-to-live-in, presents a good investment opportunity.
As of June 2024, the average house price in Manchester was £243,000, a 3.9% increase from June the previous year. Additionally, monthly rents have reached £1,241, a 12.5% annual rise.
Because of these current market increases, capital should increase from the beginning of the build to when it’s completed and the foreseeable future.
Learn More About Luxury Apartments in Manchester
Talk to one of our experts today if you would like to find out more about VIVERE Residences. You can connect with us by giving us a call on +44 (0)1204 299 229, by sending us an email or by completing the enquiry form on our site.
In recent years, Manchester has emerged as a prime opportunity for property investment. With its strong economy, growing population and significant infrastructure over the past 30 years, Manchester offers excellent buy-to-let investment opportunities.
Economic Growth and Investment
Manchester is at the heart of the UK’s Northern Powerhouse, a government initiative aimed at boosting economic growth in the North of England.
According to pro-manchester, the economy of the city is expected to grow by 2.2% annually over the next few years, which would exceed many other regions in the UK.
Apartment in Silkbank Wharf – Salford – Overlooking the River Irwell
A Developing Market
The average price for a property in Manchester is £298,340 which is significantly lower than the average price in London. This is why Manchester is regarded as an ideal investment location because the price of properties is fairly low and the return on rentals can be high. Manchester has some of the highest rent yielding areas in the United Kingdom with rental yields of 5-6% in the prime areas, which is high when compared to London where there is a range of 3-4% yield.
Population Increase and Rental Requirements
The population data of Manchester reveals a steady increase, by 2025, the population will increase by around 125,000. This inflow is a result of young people in search of employment from further afield and also Manchester University graduates looking for employment.
There are also a growing number of students in Manchester and the number of students has already crossed one hundred thousand, the demand for rental accommodation is in high demand.
Manchester is well known as a city that is home to numerous kinds of industries that bring many professionals from around the world. These include:
Digital and Creative Industries Manchester has a wide range of companies that are involved in the digital industry including digital marketing agencies, graphic designers, game developers, and other related industries.
Finance and Professional Services A number of large financial institutions have set-up within the city of Manchester such as the Co-operative Bank and Barclays. Many other financial and professional services such as accounting, and legal services are also well established.
Manufacturing Manchester continues to be an important manufacturing area. International companies such as Siemens and Kellogg’s who have an established presence within Manchester.
Life Sciences and Healthcare Manchester has a growing hub of life sciences and the backing of four universities plus several research organisations.
Education Education is one of the most important sectors for the city. The city is home to several universities and higher learning institutions such as the University of Manchester and Manchester Metropolitan University among others, with students enrolling from around the world.
Infrastructure and Connectivity
The enhancement of transport infrastructure has been a major area of development in Manchester with projects such as a growing Metrolink tram system and developments to Manchester Airport which is planned to be the first super terminal in the UK. As for Manchester property investment, these developments bring the city closer and make it more accessible in the long-run, which will positively affect the property prices in the areas nearby.
Cultural and Lifestyle Pull Factor for Manchester Property Investment
Manchester is also a cultural capital with an established art scene, vibrant music scene and active nightlife. The population in Manchester is diverse and the modern lifestyle implies numerous opportunities to enjoy the amenities that are offered within the city; therefore, the demand for rental properties is higher and the potential tenants are more willing to rent a property in Manchester.
Government Support and Future Developments
The government of the United Kingdom has not neglected Manchester and still provides funding and development projects. Among the implemented initiatives, there is MediaCityUK, which is an area for media companies that generates thousands of workplaces and attracts many more talented people to the city.
Investment Hotspots
When researching Manchester property investment, it is important to concentrate on areas of the city that will give the best returns. Places like Salford Quays have many properties of various types which are at the higher end of the market. The Southern Gateway is currently in the process of significant restructuring and has potential for an excellent return on investment.
Media City in Salford Quays
The Northern Quarter, which is already filled with an art vibe, is also home to a significant number of young professional people, which will also benefit higher rental returns.
In summary
When purchasing a property,Manchester has a relatively low cost market with high rental returns and a steady market for residential properties, making it one of the best locations to invest in the UK.
To the UK and overseas investors, Manchester offers an excellent prospect of diversification for an investment portfolio and the prospect of having a foothold in one of the most advanced cities in the world.
Contact Us
Talk to our buy-to-let experts today if you’re ready to find out more about Manchester property investment. You can connect with us by giving us a call on +44 (0)1204 299 229, by sending us an email or by completing the enquiry form on our site.
We are super excited following the unanimous approval at planning committee of our new flagship mixed use development in Manchester – VIVERE. The 24 storey landmark scheme will feature 237 apartments, our first VIVERE hotel, coffee bar and a range of amenities including gymnasium, residents lounge, co-working space, meeting rooms, cinema and private dining room. Located at Cornbrook, the new landscaped public realm will be a vast improvement for local residents and for those using the Cornbrook Metrolink station.
Huge thanks to all the team involved so far which include (but not limited to) Leach Rhodes Walker Ltd, Lichfields UK, ARTAL, Design Fire Consultants, Domis Construction, SK Transport Planning, Futureserv Consulting Engineers, GIA Surveyors, Lisa Forshaw, Peel L&P, LOFT.uk, North Made Studio Ltd, Wrights Landscapes Group.
Manchester is one of the UK’s most exciting cities and continues to attract a wealth of young professionals and students not just from around the country but the world. It’s well-known for its fantastic blend of historic architecture and world-class attractions, which are just two reasons why it makes so much sense to invest in property within the city. The popularity of Manchester looks set to grow even further in the coming years, and this means now is the time to purchase buy-to-let apartments there if you wish to see an outstanding return on your investment.
What is buy-to-let?
Buy-to-let is a form of property investment where someone purchases a residential property with the intention of renting it out to tenants rather than living in it themselves. It can help you generate a great deal of rental income, and you’re likely to see the value of your property rise over time if you purchase in an extremely popular, fast-moving city like Manchester.
What are the rental yields in Manchester?
Manchester offers excellent rental yields, with average returns ranging between 5% and 9%. Its thriving rental market and the high demand for accommodation are two big reasons for these yields.
What makes buy-to-let different from buying your own home?
Although buying your own home and residing in it yourself can give you stability and a sense of ownership, investing in buy-to-let properties gives you the opportunity to generate passive income via rental payments. When you’re looking for a buy-to-let property rather than a new home for yourself, you may think about factors that are likely to appeal to your ideal tenants rather than your own personal preferences.
Is location important?
Location is very important when it comes to buy-to-let properties. Manchester and the city centre in particular are highly appealing to many renters. Manchester offers fantastic public transport services including frequent tram, train and bus facilities. This ensures getting around the city is a smooth and quick process. Many people who live in Manchester find that they don’t need a car thanks to the quality of these transport links.
Do I have to look after the maintenance and upkeep?
Although buy-to-let investors are responsible for maintaining their properties, property management companies can ensure a great deal of this work is carried out on their behalf. Services offered by property management companies can include maintenance and repairs, tenant management and rent collection. Some companies can even help with furnishing to remove even more of the hassle from renting out properties in Manchester.
Interior furnishings at Silkbank Wharf, Manchester.
Manchester rental market – capital increase after purchase and excellent rental yields
Looking for an investment in Manchester? When you invest in Manchester’s rental market, you get the chance to benefit from capital growth and consistent rental income. The city has seen a great deal of property value growth over recent years. The combination of high property demand and limited supply has generated an increase in rental yields.
When is the ideal time to invest in property in Manchester?
Now is a magnificent time to invest in buy-to-let properties in Manchester. The availability of homes for rent has fallen to its lowest level in five years, which has caused a rise in demand and rental prices. This has created an ideal situation for investors who wish to capitalise on Manchester’s thriving rental market and find high-quality tenants to live in their properties.
New developments in Manchester that are attracting renters
2023 was a brilliant year for Manchester in terms of new attractions and facilities that are attracting renters to the city. The year saw the revamp of the Manchester Museum and the launch of the Castlefield Viaduct sky park. The Manchester Pass was launched in late 2023 and offers access to a host of attractions and events including Manchester City stadium tours, RHS Garden Bridgewater and East Lancashire Railway.
Manchester also now has its first dedicated Padel Club at Deansgate Square, whilst the Co-Op Live arena is now the UK’s largest indoor music venue. The famous John Rylands Library has also received a great deal of investment, and plans to enhance its exhibition spaces and academic facilities have been announced. A number of new restaurants and cocktail bars have opened in the city over recent months, with other exciting new attractions including Treehouse Manchester. This venue promises interiors inspired by nature as well as a rooftop restaurant.
Buy-to-let Manchester City Centre apartments and the benefits of buying off plan can provide a fantastic return on investment for a wealth of reasons including strong demand, limited supply and competitive rental yields. Manchester’s blossoming economy, vibrant culture and countless attractions mean the city is the perfect base for a huge range of tenants. By investing in well-located properties in one of the UK’s most desirable cities, investors can benefit from rental income and long-term capital appreciation that will help them achieve financial comfort and security for many years to come.
The expert developers for buy-to-let properties in Manchester and Salford.
Forshaw Land & Property Group have been developing properties for over 16 years across the UK. Our current pipeline is the development of flagship schemes in Manchester and Salford Quays. These investment opportunities set the standard for residential experience and offer a wide range of exclusive amenities for occupiers, including; roof terraces, fully equipped gymnasiums, residents lounges, concierge services and private dining rooms.
For properties in development or completed please see the latest information on Forshaw’s website.
Contact Us
Talk to our buy-to-let experts today if you’re ready to find out more about investing in buy-to-let properties in Manchester city centre. You can connect with us by giving us a call on +44 (0)1204 299 229, by sending us an email or by completing the enquiry form on our site.
Thanks to everyone who helped to bring Silkbank Wharf over the Practical Completion deadline. Also a big thank you to everyone who joined us for the celebrations and to Domis Construction for finishing the build three months early.
Silkbank Wharf is an outstanding achievement and a credit to everyone who contributed to its successful completion.
Larger Development of The Year WINNER – Waterhouse, Salford – The Forshaw Group
Held at the iconic Albert Hall, Manchester, the 2022 Cowgills Homebuilder Awards was hosted by British TV presenter, Jenny Powell.
The event was backed by the likes of Savills and Place North West.
All categories were open exclusively for entry by SMEs with the awards focusing on the work being completed by homebuilders and developers across the North West.
Forshaw Land and Property were shortlisted for Larger Development of The Year and against other top schemes received the award.
It is by virtue of teamwork and the quality of main contractor and sub-contractors that this scheme won the award.
We are grateful to all that have contributed towards the scheme.
Our Family company Forshaw Demolition Ltd has recently completed demolition and site investigation at our small but perfectly formed site in Ancoats, Manchester. Located at Loom St, Ancoats we are soon to commence construction of a truly spectacular “one off” five storey 4 bedroom town house. The spacious home will offer spacious living accommodation over 5 levels with a garage at ground floor. The superb home also includes a lift and a generous roof terrace with hot tub!
Forshaw are pleased to announce three new members of staff joining the Forshaw team!
We welcome new contracts manager Ryan Jones, senior quantity surveyor Adam Garner and Land Manager Charlotte Gildhart-Butler.
Ryan and Adam bring a wealth of experience in their sector and will be working primarily in the new construction arm.
Charlotte has vast experience in the land and planning sector and will be sourcing new development opportunities in addition to helping navigate the planning process for all new schemes.
Our flagship 86-unit apartment scheme in Salford is almost complete with first residents expected to move in before the end of February. The striking nine storey building offers a range of 1-, 2- and 3-bedroom apartments with superb River and City views. Other amenities include a resident’s gymnasium, top floor residents lounge and large roof terrace.
All the apartments are now sold, and strong rental demand is anticipated.
Our new construction arm Forshaw Construction Ltd is about to commence construction of the 58 houses in Bolton town centre. The development consists of a 58 contemporary town houses across a series of terraces in the Croal Valley area of our hometown.
We are extremely excited to deliver this quality design led scheme setting the standard for development in this new town centre neighbourhood.
We are excited to announce that a full planning application has been submitted for a revised scheme for our site at Derwent St, Salford. The revised scheme has been designed by award winning architects John Matthews and will contain 160 apartments in a stunning building over 17 floors.
Other amenities include a gymnasium, residents lounge, co working space and terrace overlooking the River Irwell. Our friends at DOMIS Construction have been appointed to deliver scheme and aim to be on site by April this year
We are excited to announce the introduction of Forshaw Construction Ltd which has been created to deliver development projects on behalf of parent company Forshaw Land & Property Group and selected key partners. The new company is based at our head offices in Bolton but will undertake construction projects throughout the Northwest.
Historically, Forshaw Group have outsourced much of the construction to trusted main contractors. However, we have now taken the step deliver more projects “in house” driving better value and quality for the group and our valued clients.
Forshaw Construction Ltd is about to commence three projects in Bolton with a combined contract value of £10.5m.
Construction at Halo is now complete with contractors vacating the site. Home owners and investor clients have been receiving their keys as we hand over their new-build Manchester city apartment.
Located close to Victoria Station, the Northern Quarter and Manchester’s commercial core, Halo is a contemporary designed 6 storey residential development for a world class city.
Halo, Simpson St, Manchester M4
As well as attracting owner occupiers, Manchester is a UK buy-to-let hot spot with international recognition as huge numbers of young people flock to the city increasing demand for luxury apartments. Halo was sold off plan with early bird investors benefiting from rising capital values and strong rental growth. View one of our current investment opportunities here.
With the scaffolding down and the U.K. basking in the February sun producing record Winter temperatures, it’s the perfect opportunity to unveil the exterior of Halo, our new build development in Simpson St. in the heart of Manchester.
View from the corner of School St and Simpson St
View looking down Simpson StPrivate terraces and balconiesFront Entrance & Lobby from Simpson StResident access by secure key padVehicular access via School St to underground secure parkingLight airy stair wellsBalconies on the corner unitsPatio doors opening on to private terraceOutside terraces on the top floor
Halo,Simpson St,Manchester M4 4GB
Halo represents a market-leading product for vibrant Manchester city living located a stone’s throw away from “Noma” and the main commercial core of the city centre. It comprises 66 one, two and three stylish apartments benefiting from secure underground parking.
All units are sold but check out current developments and find out how you can also profit from the Manchester booming property market.
Manchester, Leeds and Liverpool have all seen significant housing supply shortfalls in the face of an increase in demand from people wishing to live in the core city centres. And as result of political headwinds, the growth story may be somewhat stifled.
However, looking forward, the prospects for the major urban markets within Northern England are positive. As a recent report from JLL shows, Manchester, Leeds and Liverpool to all see price and rental growth over the next five years to be above the UK average.
In recent years Manchester City Centre has established itself as the most significant residential market in the UK with more than £1.6bn invested over the past 24 months in new purpose built private rental developments in the city centre, mainly on a forward funding basis.
A total of c. 5,600 purpose built private rental units are now under construction making Manchester by far the largest multifamily rental market outside London. While the sheer weight of residential development is impressive the growing importance of the city centre in meeting Greater Manchester’s overall housing need cannot be understated. The new Greater Manchester Spatial Framework – the region’s first ever blueprint for long term development – stipulates that brownfield sites in the city centre should provide for 50,000 new apartments over the next 20 years, a quarter of all projected housing need across the metropolitan county. Given that around 25% of the current 30,000-unit city centre pipeline is yet to get planning permission, supply is on course to meet demand for the first decade of the 20 year GMSF plan.
In the more immediate term Manchester has seen some significant economic wins which have boosted demand for city centre housing. In 2018, a total of 500,000 sq ft of office space was let in three standout deals to Amazon, Booking.com and HMRC.
JLL estimates that currently up to 3,000 units are needed per year for a growing city centre population expected to rise from 55,000 currently to 100,000 by 2026. And given that delivery in the last five years has averaged less than 1,000 new units per annum, a ramp up in supply is long overdue.
House price and rental growth in 2018 was more in line with the rest of the country following considerable growth in recent years. The price of a two bedroom city centre apartment increased by 2% and with supply becoming more closely aligned to demand, JLL expects price growth of 3% pa over the next five years compared with a national average of 2.2% pa. Rental growth in Manchester is forecast to average 3.1% pa compared with 2.4% pa across the UK.
Source: JLL Residential Forecast Northern England 2019
“The Waterhouse”, an example of one of our new-build waterside Manchester developments
Why not check out all our current developments and find out how you can also profit from the Manchester booming property market.
