Manchester Buy-to-Let Market

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News & Updates

Manchester Buy-to-Let Market a Lucrative Investment

Manchester Buy-to-Let Market a Lucrative Investment

09th Aug 2012

Recent reports indicate positive upward movement in the UK rental market, with property in the North West proving particularly lucrative for landlords.

Investment firm Knight Knox International can confirm as interest in their Manchester buy-to-let properties continues to soar.

One of the largest cities in the UK, Manchester is increasingly becoming the destination of choice for tenants looking to avoid the high premiums that are an unavoidable aspect of renting in the capital, in addition to the attractiveness of a location with excellent transport links, both into and out of the city.

Knight Knox International's Sales Director Martin Copland echoes this sentiment:  

"The buy-to-let market in Manchester has become increasingly popular over the last 12 months, with landlords looking for rental stock in prime locations like the city centre and Salford Quays".

The latest information reported in the LSL Property Services Buy-to-Let Index, highlights how London buyers need to supply larger cash deposits than anywhere else in the country.  Couple this with a 1.7% increase in North West rents and there is a strong indication that property in cities like Manchester is a much savvier investment for landlords, particularly over the long-term.

The Manchester property market is unique to most major cities, as there has been little-to-no new-build property since the price crash.  Rental prices have continued to rise over the past five years at a rate that the properties haven't, but the market is starting to turn and property prices are rising, making Manchester a great area for investment.

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