Manchester sees £8.2 billion worth of investment
A new report has highlighted Manchester as receiving the highest level of commercial property investment in the UK. The report, which concentrates on areas outside of the capital, has monitored investment levels over the past decade and its findings concluded that Manchester received a total of 8.2 billion worth of investment over the last 10 years. This outranked Birmingham’s £6.5 billion and Glasgow’s £5.2 billion.
The research, conducted by the CBRE, is the first of its kind to provide such a detailed report indicating the level of investment in the UK’s 12 major cities. It showcases the key determining factors behind a city’s success, including quality of life, city infrastructure, civic leadership and several other factors. It also provides a detailed review of the main city property markets outside of London whilst exploring the opportunities and risks of devolution. In total, £44.4 billion was invested across the 12 cities analysed in the report, with Manchester contributing almost a fifth of this capital.
Graham Davidson, managing director of Sequre Property Investment, comments on Manchester’s investment prospects -
“Manchester is fast becoming known as a key city in the UK. It is already considered as the UK’s ‘second city’ and this level of investment, combined with news of Manchester spearheading the Northern Powerhouse initiative, ensures that the next 12 months will be an exciting time for the north.“
“Heavy investment and future growth prospects have cemented northern locations as ideal buy to let hotspots. Manchester, Leeds, Liverpool and Sheffield are constantly seeing strong economic growth and this contributes to an increase in employment levels, high tenant demand and rising property prices. Investors can certainly benefit by investing in these key cities as capital growth is likely to continue, as are fantastic levels of returns.”
If you're looking for a hands-off buy to let investment, talk to Sequre today. Our team of property consultants have a wealth of knowledge and experience in the property industry. We only source the best deals that provide high rental yields with good potential for capital growth, ensuring you have an income generating asset which will provide returns from day one. We can also recommend mortgage brokers to help find the best deal on the market for you. Should you wish to discuss investing in buy to let property, call us on 0800 011 2277.