As a thriving university city, many students choose to make Manchester their home after graduating. This means the demographic of tenants skews younger and more price-conscious, with demand for rental property far outstripping supply.
Manchester’s property market performed well over the course of the pandemic and we continue to see demand for investment properties from both domestic and international developers. Rental yields have increased, driven in part by low stock availability and the sustained demand from tenants – it’s common to receive 20-30 enquiries per property and sign same-day deals.
As interest rates continue to rise, we expect to see significant increase in demand for rental property rather than from those looking to buy. This means that many investors are putting their money into rental properties to secure a long-term yield.
Watch our video to learn more from our property experts and investors we have worked with.
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