Manchester Property Investment Continues To Outshine London

More and more investors, both UK-based and across the globe, are looking for alternatives to the high prices and sinking yields in London, especially where borrowing and other costs are still higher then they once were. Renters, homeowners, and investors alike are all feeling the drop in London, and are relocating to areas with better affordability, improving job aspects, and renewed quality of life – with Manchester being the most popular option.

One of the biggest attractions of Manchester is the strong outlook for both rental yields, and capital appreciation, drawing more and more investors to the city. According to UOWN, the North West will see the fastest house price rises across the whole of the UK within the next 5 years, with a cumulative increase of 29.4% by 2029. JLL have released that Manchester is leading the way, with one of the highest house price hikes across all UK cities.

Manchester has consistently ranked at the top of Zoopla’s top 20 cities for house price growth, and has also seen rents increase by over 72% in the last 10 years – with the UK average at just 44.4%. Rental yields have also reflected this, with Manchester property investments achieving an average yield of 6.5% in 2024, compared to the national average of 4.75%.

The population in the city is also continuously growing, clocking in at 600,000 compared to 422,000 twenty years ago. A further 40,000 people are expected to flock to the city before 2026, further boosting the already in-demand living spaces, fuelling the investment market.

If you’re interested in investing in Manchester, reach out to our expert property consultants today to learn more.