Manchester in Numbers
Manchester is a city in North West England with a population of approximately 2.7 million, intersected by the Irwell and Mersey rivers. In the last decade, 20,000 people have moved to the city center, and during this period, Manchester's population has grown at twice the average growth rate of the United Kingdom.
Regarded as the center of the Industrial Revolution, Manchester is known for its cotton and textile production, earning the nickname "Cottonopolis."
Manchester is home to the largest university in the United Kingdom (The University of Manchester) and one of the largest student populations in Europe. Around 100,000 students live and study in Manchester, with a significant portion (up to 20%) being international students. Manchester is reported to be the second city, after London, with the highest rate of graduates finding employment in the same city after graduation. The rate of finding a job in the same city after graduation in Manchester is 50%, ensuring a continuous supply of skilled labor.
Economically, Manchester is a significant center for the finance, service, and technology sectors. Its rich cultural life is filled with museums, art galleries, theaters, and festivals. In May 2022, Colliers ranked the city center as the UK's best retail and leisure destination for the third consecutive year. Manchester was named the 'most liveable city in the UK' by The Economist's Liveability Index (2022).
Manchester is also home to the world-famous football clubs Manchester United and Manchester City.
In terms of transportation, Manchester is known for its main train stations, Manchester Piccadilly and Manchester Victoria, the busy Manchester Airport, and the Metrolink tram network.
Metrolink tramvay ağı ile dikkat çeker.
Developments in Manchester
-
Total Return of Investment
%12.5
-
Rental Yield
%7.5
-
Annual Capital Growth
%5
-
Completion
August 26
-
Total Return of Investment
%13
-
Rental Yield
%7
-
Annual Capital Growth
%6
-
Completion
January 26
-
Total Return of Investment
%13.5
-
Rental Yield
%6.5
-
Annual Capital Growth
%7
-
Completion
April 26
-
Total Return of Investment
%13
-
Rental Yield
%7
-
Annual Capital Growth
%6
-
Completion
March 27
-
Total Return of Investment
%13
-
Rental Yield
%7
-
Annual Capital Growth
%6
-
Completion
September 24
-
Total Return of Investment
%12
-
Rental Yield
%6,5
-
Annual Capital Growth
%6
-
Completion
May 24
-
Total Return of Investment
%12
-
Rental Yield
%6
-
Annual Capital Growth
%6
-
Completion
January 27
-
Total Return of Investment
%12
-
Rental Yield
%6
-
Annual Capital Growth
%6
-
Completion
October 26
-
Completion
July 27
-
Total Return of Investment
%12
-
Rental Yield
%6
-
Annual Capital Growth
%6
-
Completion
October 23
-
Total Return of Investment
%12.5
-
Rental Yield
%7.5
-
Annual Capital Growth
%5
-
Completion
August 26
-
Total Return of Investment
%13
-
Rental Yield
%7
-
Annual Capital Growth
%6
-
Completion
January 26
-
Total Return of Investment
%13.5
-
Rental Yield
%6.5
-
Annual Capital Growth
%7
-
Completion
April 26
-
Total Return of Investment
%13
-
Rental Yield
%7
-
Annual Capital Growth
%6
-
Completion
March 27
-
Total Return of Investment
%13
-
Rental Yield
%7
-
Annual Capital Growth
%6
-
Completion
September 24
-
Total Return of Investment
%12
-
Rental Yield
%6,5
-
Annual Capital Growth
%6
-
Completion
May 24
-
Total Return of Investment
%12
-
Rental Yield
%6
-
Annual Capital Growth
%6
-
Completion
January 27
-
Total Return of Investment
%12
-
Rental Yield
%6
-
Annual Capital Growth
%6
-
Completion
October 26
-
Total Return of Investment
%12
-
Rental Yield
%6
-
Annual Capital Growth
%6
-
Completion
October 23
-
Total Return of Investment
%0
-
Rental Yield
%0
-
Annual Capital Growth
%0
-
Completion
July 27
Why is Real Estate Investment in Manchester a Good Option?
Economic Growth
1. Strong Economy: Manchester is one of the fastest-growing cities in the UK in terms of economy. It has low unemployment rates and is home to the headquarters of many international companies. 80 of the largest 100 companies listed on the FTSE100 London Stock Exchange have offices in Manchester. Economic forecasts predict continued growth with an additional 65,000 jobs over the next decade. Total employment in the city center is expected to increase to 315,000 by 2040.
2. Technology and Innovation: The city has shown significant growth in the digital and technology sectors, which support the local economy and demand for real estate. Manchester is the UK's second-largest creative, digital, and technology hub, hosting companies with public offerings exceeding £1 billion (including AO.com, The Hut Group, Boohoo) and global companies like Google, IBM, and Cisco. Additionally, MediaCity in Manchester is a major center for media, technology, and digital industries located in the Salford and Trafford areas of the UK. This modern complex hosts many media organizations, including a significant portion of the BBC. Major brands located in MediaCity include BBC, ITV, and Dock10. Three educational institutions are located here, including the University of Salford's dedicated MediaCity campus, with a Skills and Technology Hub at its center, supporting innovators in data, analytics, cybersecurity, artificial intelligence, gaming, and immersive technologies. Besides, MediaCity hosts companies from various sectors such as digital agencies, media production companies, and technology firms.
Demographic Advantages
1. Young Population: Manchester is home to a large student population. Thanks to major educational institutions like the University of Manchester, Manchester Metropolitan University, and the University of Salford, there is a constant demand for rental properties in the city. Approximately 100,000 students live in the city center. Manchester is reported as the second city with the highest rate of graduates finding jobs in the same city after graduation, following London.
2. Growing Population: Manchester is an attractive city for migrants. The number of people who want to live and work in the city is increasing, which in turn raises housing demand. The city center population is expected to grow by another 10% by 2025. According to JLL report data, Manchester, by a significant margin, was reported as the city with the fastest growth in the working population in the UK over the past decade.
Urban Regeneration and Infrastructure Development
1. Major Projects: The city hosts numerous urban regeneration projects, aiming to enhance the quality of life, increase property values, and transform Manchester into a modern metropolis while boosting economic growth and job opportunities. These efforts also focus on creating sustainable and livable urban environments. These projects, totaling £10 billion in value, involve significant transformations in various areas. Here are some of these projects:
o NOMA: Located in central Manchester, this project, valued at approximately £800 million, covers the development of residential, office, and retail spaces over a 20-hectare area.
o St John's: Located in the area of the former Granada Studios, this project is worth about £1 billion and includes residential, hotel, cultural, and commercial spaces. It also involves the construction of a new cultural venue called The Factory.
o Mayfield: Valued at £1.4 billion, the Mayfield project aims to revitalize a former industrial area with green spaces, residences, offices, and entertainment venues. This project includes one of Manchester's largest parks.
o Circle Square: This £750 million project is being developed on the site of the former BBC building and includes offices, residences, retail spaces, and an innovation center.
o Northern Gateway: Valued at approximately £1 billion, this project involves the construction of over 15,000 new homes and aims to develop areas in northern Manchester.
o Airport City: Located around Manchester Airport and valued at about £1 billion, this project aims to create a business and commerce center, including trade, accommodation, logistics, and office spaces.
2. Transport Infrastructure: Manchester has a well-developed transport network. The Metrolink tram network, modern train stations, and international airport make the city more accessible. The 'Bee Network', an integrated smart transport system similar to London’s, will bring together buses, trams, cycling, and rail by 2030.
Investment Return
1. Rental Income: Manchester is known as a city with high rental yield potential. Rental yields are particularly high in the city center and areas near universities. According to JLL report data, new homes in the Big Six Cities* have recorded an average annual rent increase of over 8% until December 2023. Manchester experienced the largest increase in housing numbers last year. Among the Big Six Cities*, Manchester ranks first with the highest rental growth forecast of 25.8% between 2024-2028, while Manchester Prime recorded an annual rental increase of 18% from the winter of 2022 to 2023.
2. Value Appreciation: Property prices in Manchester have steadily increased in recent years. Investors can expect the value of their properties to appreciate over time. According to JLL report data, the annual growth rate for standard residential properties in Manchester is calculated at 1.6%, while the growth rate for luxury (prime) properties is recorded at 6%. This rate rises to 9.9% for luxury 2+1 apartments. Check out our blog post on qualified housing price increases in Manchester for more information.
Quality of Life
1. Cultural and Social Life: Manchester offers a rich cultural and social life, making it attractive for residents. The city has significant cultural venues such as the Manchester Museum, the Science and Industry Museum, and the Manchester Art Gallery.
2. Green Spaces: The city is rich in parks and green spaces, offering an attractive living environment for families and nature lovers.
Government Support and Incentives
>Government Incentives: The UK government offers various supports and tax advantages to encourage real estate investments. There are specific advantages for first-time homebuyers and investors.
*Big Six Cities: This refers to six cities outside London, including Birmingham, Bristol, Edinburgh, Glasgow, Leeds, and Manchester.
Sources: CityCo, Colliers, Deloitte, GMCA, Growth Company, JLL, Manchester Airport, Manchester BID, Manchester City Council, Marketing Manchester, Place Northwest, JLL Big Six Residential Development Report
For more information about our services, get in touch with our expert consultants
10 new offers every day. 350 offers on site, Trusted by a community of thousands of users.
.webp)
.webp)
