Property in Manchester
House prices, rental values and property transactions in Manchester are booming, due to a huge number of homebuyers and investors who are putting their money into a city where prospects for further capital growth still looks very promising.
As a matter of fact, Manchester currently leads the way as the fastest growing city in the UK.
Supported by the new BBC Media City, the major extension for the MetroLink tram system, the expansion of the local airport, the development of the trendy Northern Quarter, just to mention a few, Manchester continues to attract large investments and buy to let investors are flocking, due to the fact that properties in the city centre offer higher than national average rental returns.
With demand from tenants outstripping supply, is easily foreseeable that rents in the city are likely to rise further across the next years, while house prices still remain affordable today.
This suggests a property investment in Manchester offers room for an outstanding growth.
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