The Best Place to Invest in Property

Voted the Best Place to Invest in Property in England

Manchester has been ranked as the best city in England for residential investments. This is according to Colliers’ most recent findings in the biannual ‘UK’s Top UK Residential Investment Cities’ report.

In the UK, Manchester ranked third overall, coming after Scottish cities Edinburgh and Glasgow. These cities have remained in their position since the previous findings of the report in the second half of 2023.

The report is an analysis of 20 cities within the UK based on 24 factors. These include gross domestic product (GDP), population growth, EPC rankings and leisure amenities. Indicators are grouped into 5 different categories: economy, development, liveability, property and sustainability. Ensuring all the favourable factors of residential investors are covered when deciding the best place to invest.

Why is Manchester The Best Place to Invest in Property?

Manchester’s well-deserved title as the best place to invest in property in England was awarded due to the strong economy, as well as desirable property factors such as price growth and yields it has to offer. The city experienced a record property price growth of 33% during the past 5 years, outperforming the report’s average of around 15%.

Additionally, the city’s population is due to rise by 1.14% per year over the next decade. Manchester holds the second-highest student population based on Colliers’ research, just behind London. Also, a large proportion of residents in Manchester live in rented properties.

In the coming 5 years, the city is also predicted to see robust GDP growth at a yearly rate of 2.2%, which is also above the other cities’ average of 1.8%. The unemployment rate is also forecast to decline to an average of 3.7% during the same time frame.

During the research, Colliers found that another strong deciding factor for naming Manchester as the best place to invest in property is the number of business owners taking residence in the city who are starting up new businesses. An impressive 41,222 new companies were registered in Greater Manchester in 2023, resulting in an increase of 6.4% compared to 2022.

CityRise Verdict

CityRise strongly believes Manchester is one of the best locations to invest for several reasons. One of the main reasons is the significant capital appreciation it offers, largely because of the regeneration. Regeneration has been a huge part of Manchester’s recent growth. A perfect example of this is the MediaCityUK. Since it was completed, it has provided over 10,000 jobs and has increased the number of digital and creative businesses by 70%, boosting the economy.

Furthermore, Manchester is known for its exceptional connectivity, with transport links bringing cities, businesses, and individuals together. There are an impressive 92 train stations within Manchester, making connections to other cities within the UK more accessible. In addition, Manchester Airport connects the city to 200 global destinations. The vibrant city is an increasingly attractive location for business workers, students and tourists – all drawn to the incredible levels of connectivity on offer.

CityRise Exclusive

Victory Place

Manchester

Yields: 6.65%

Prices from £204,905

Learn more

28 Nov

Is Now a Good Time to Invest in Property in the UK?
Property investment has long been regarded as one of the most reliable and rewarding ways to build wealth. The UK market offers exceptional...
Learn more
21 Nov

Landlords Profits are Rising
Despite higher taxes and rates, landlords’ profits are still growing. Strong demand for rental properties continues to fuel their success in a...
Learn more
30 Oct

Autumn Budget 2024: Property Market Key Takeaways
The Autumn Budget 2024 – a landmark event for the Labour Party – their first Budget in 14 years – was delivered by the UK’s first-ever...
Learn more
15 Oct

Manchester’s Growth: What it Means for Property Investors
In recent years, Manchester has experienced incredible growth, rapidly expanding into a thriving hub of opportunity. With no signs of slowing down,...
Learn more