manchester city centre – Forshaw Group

Why Now is the Time to Invest in an Off-Plan Property in Manchester City Centre

Posted on 21st October 2024 at 4:04 pm.

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.

Off Plan Opportunities at VIVERE Residences Manchester

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:

Open 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.

Sources

⁽¹⁾ North Property Group

⁽²⁾ Greater Manchester Business Board

Manchester Property Investment: UK and Foreign Investors

Posted on 6th August 2024 at 5:17 pm.

Written by admin_forshaw

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.

Buy To Let Manchester City Centre Apartments

Posted on 27th June 2024 at 1:21 pm.

Written by admin_forshaw

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.

Buy-to-let apartment at Silkbank Wharf, 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.