Rental growth in the North West shows some impressive numbers, with Manchester City Centre rents up 47% in five years.
Stockport is up 45% and Chester is up 35%. At the same time, house prices in Manchester have grown 0.8% annually.
According to the report, property price growth has been subdued due to an uneven market. Still, the UK average was -0.5%, suggesting that Manchester managed to avoid the price dips that affected many areas, indicating particular resilience in the face of a sluggish market. We have published a useful resource detailing the stamp duty wales has in force as well as other useful property investment companies facts and figures.
Manchester City Centre has been identified as a prime investment hub due to strong rental demand, high capital growth potential, and affordable prices in certain areas. The report also cites the city’s dynamic economy and growing student population as reasons for the increasing interest in Manchester property investments, especially among those looking to invest in student accommodation.