In addition to strong demand for city centre living, Manchester is also undergoing a massive urban regeneration to deliver one of the UK's best-performing property markets.
There's been around £1 billion invested as part of the Northern Powerhouse initiative and now Manchester has become a vibrant metropolis with a very attractive city centre investment market.
One firm of international real estate experts predicts that Manchester will deliver the best prospects for residential price growth in the country over the coming five years.
However, the firm also predicts that in addition to an average growth of 4.2%, which compares with the UK's average of 2.4%, rents will increase by 3.5% every year until 2020.
Big demand for properties for sale in Manchester
Growing employment opportunities and a massive student population has led to a big demand for properties for sale in Manchester and house prices in 2017 grew by 10% and rents rose by 3%.
The real estate firm highlights to international investors that in 2000 there were 10,000 people living in the centre of Manchester but now there are 70,000 of them consisting of young professionals and students who want to live close to where they work.
Despite this influx, there is still lots of room for investment since housing supply is in big demand which means rents and prices are soaring as a result.
On top of this, Manchester's student population numbers more than 85,000 thanks to the four universities located in the city.
Also, more than 50% of these students decide to remain after graduating - the best retention rate outside of London.
Buy property for sale Manchester
Along with the city centre, nine 'sub-markets' have been identified by the international real estate firm as offering excellent opportunities for those wanting to buy property for sale Manchester.
They include Piccadilly, Castlefields and Salford but there's also a lot to recommend other areas, including Wythenshawe, where there are still property bargains to be had and with improved transport links, particularly by tram, means commuters and young families are looking to move to the area. This is leading to people wanting to rent homes and enjoy the wide range of career opportunities available in the city and surrounding areas.
If you are an investor looking for opportunities in investment properties Manchester, then it will pay to speak with the experts who understand how to find quality investment properties and then run them to enjoy the best possible deals and yields - and that means speaking with the team at Bergins.
