Manchester is the largest economic area outside of London with £56 billion gross value added. The city boasts two internationally renowned football clubs, a world-class orchestra, a film and TV production industry and rich musical heritage. But, more importantly, it’s the favourite, property investment area of 2020.
Population: 545,500 (2017).
Average House Price: £175,233 (avg. all property types, Feb 2019, HM Land Registry)
Why Invest in Manchester?
Manchester is a city on the rise. The technology and digital sectors have greatly evolved over the past five years and Manchester now thrives alongside the best tech cities in Europe. There is a buzzing social scene available to techies, founders and start-up entrepreneurs; the result is that Manchester has become a cosmopolitan place to live, where affordable property prices, thriving business, world-class leisure facilities and excellent transport links provide a fabulous lifestyle for young professionals and their growing families.
Best Areas of Manchester to Invest in Buy-to-Let 2020 and 2021
Stick to Castlefield and Salford Quays which is next to Media City. Be wary though of the amount of new-build flats in the pipeline in central Manchester which is where Castlefield is.
Also, I would have a look along Eccles New Road (M5) it’s just outside Salford Quays so property prices are cheaper. You can walk to Salford Quays and the metro link runs parallel.
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