Manchester is the front-runner for domestic and international investors looking to expand their property portfolio, according to a new report from property investment firm IP Global.

  • Manchester rapidly becoming top choice in the UK for property investment
  • Predictions of 22% growth in property value in the next three years
  • 65% of FTSE 100 companies now have a presence in Manchester


Manchester is the front-runner for domestic and international investors looking to expand their property portfolio, according to a new report from property investment firm IP Global.

As featured in CoStar UK, Property Week and House Builder and Developer.

Manchester’s thriving economy is set to compete with London as a destination for property investors, with prices set to rise at least 22.2% in the next three years.

The Government has pledged a £7 billion investment in Manchester over the next five years as part of its ‘northern powerhouse’ plans, while 65 of the FTSE 100 companies now have an office in the city.

With the population expected to rise by 128,000 over the next decade, the demand for property is sharply on the rise. This demand is currently not being met by the city’s construction pipeline, pushing up property values even higher. In 2014 just 212 new residential units were delivered, a fraction of what is required.

The digital, media and financial services industries are the biggest contributors to Manchester’s economic growth. The financial and professional services now contribute 21.2% of the city’s GVA, while Manchester’s Northern Quarter is being touted as the new digital hub to follow the success of London’s Tech City.

This comes after a 70% growth in digital firms in Greater Manchester between 2010 and 2013, according to a recent report by Tech Nation.

Jonathan Benarr, Senior Investment Manager at IP Global, said:

“The exceptional resurgence of Manchester in the last few years, particularly its creative and digital sectors, means it is rapidly becoming a top-choice destination for property investment. The city is currently experiencing one of the highest rental growths in the UK, coupled with a severe undersupply of high-quality property assets in the city centre.

“The UK has always been seen a safe haven for foreign investors, but Manchester is now leading the charge outside London as investors look for higher-yield assets outside the capital. The investment community is also looking to capitalise on the growing labour market, strong transport links and significant government investment.”

Outside Manchester, central London remains a prime location for investors. However, the report shows that interest has also turned to areas such as Ilford, Lewisham and Sutton with the imminent prospect of Crossrail and a number of regeneration programmes.

Jonathan continued: “Even with uncertainties around mansion tax and the outcome of the General Elections, we are not seeing investors deterred from the UK property market. As people realise there is just as much opportunity in Manchester as there is in London , we can expect this particular Northern Powerhouse to build on its position as a key investment destination.



You May Also Enjoy

Estate Agent Talk

Pflugerville, TX: Emerging Trends in New Home Construction

The Rise of Sustainable Living in Pflugerville Nestled in the heart of Texas, Pflugerville is witnessing a significant shift towards sustainable living in new home construction. Builders and developers are increasingly focusing on eco-friendly materials and energy-efficient designs. This trend is not just a nod to environmental consciousness but also a response to the growing…
Read More
Home and Living

How to Choose the Best Shower Cabin For Your Budget

If you are looking for the best shower cabin to fit your budget, then allow us to be a guide on this shopping adventure! Whether you’re looking to invest in something luxurious and timeless or something more affordable and modern, it can be daunting knowing where even to start. Fortunately, we have all the key…
Read More
Breaking News

Breaking Property News – 01/12/2023

Daily bite-sized proptech and property news in partnership with Proptech-X. Full material Information Guidance B & C published by NTSELAT all you need to know New guidance for sales and letting agents covers all three phases of programme Aim is to help agents to meet their existing legal requirements under the CPRs Material information guides…
Read More
Home and Living

Navigating a Move with Your Baby: 7 Sanity-Saving Tips

Moving to a new home can be exciting and stressful, and adding a baby to the mix becomes a whole new adventure. Babies require extra attention and care during a move, but with some thoughtful planning and a few sanity-saving tips, you can make the transition smoother for you and your little one. In this…
Read More
Home and Living

Creating Privacy with Window Treatments: A Comprehensive Guide

When it comes to keeping your home a private sanctuary, you need the right window treatments. Whether you want complete blackout, light diffusing options, or sheer privacy curtains to let in sunlight while maintaining discretion from outsiders – there are plenty of creative ways to customize your windows for maximum personal security and protection. In…
Read More
Home and Living

Glass Shower Doors Styles: Finding the Ideal Fit for Your Bathroom

Are you ready to update your bathroom and give it a luxurious, sophisticated feel? Installing glass shower doors is the perfect way to brighten up any bathroom and add a stylish touch. There are a wide variety of styles available that can fit into any space or design theme. But which type of glass shower…
Read More