There is a massive media presence in Manchester, thanks to the on-going development of MediaCityUK. This is home to big names such as the BBC and ITV Granada. MediaCityUK is set to double in size, which means there will be an expediential growth added to the 60,000 people already working there with £1 billion being invested into the project, making Manchester an ideal place to buy a house as your investment property Not only that, but Manchester has remained a steady market and is one of the fastest growing cities in the UK and sees an incredibly positive ROI from 9% per annum and a YOY inflation of 6.5%. This rate of inflation contrasted with the low house prices in Manchester means investors that buy now are more likely to benefit as the property is set to increase in value over the years. Manchester isn’t showing any signs of slowing down; big names are seeing the benefits of this regional city – including Amazon who has recently employed 3000 people at Airport City. In addition to this, Manchester City Council has an obligation to build 10,300 houses every year until 2035. This is because social and demographic factors have led to the demand for rental properties – meaning the supply of rental properties and the Real estate Investment opportunities are set to increase. Manchester is Generation Y’s city of choice – It is an attractive hub for workers, students and businesses alike. Boasting as home to three of the UK’s largest universities as well as some of the country’s leading grammar schools; Manchester harvests a talented pool of hard-workers, creative minds and young professionals who are set to maintain the city’s vibrant reputation.
Sitting at the nexus of European, Asian and US time zones, the business opportunities in London are extensive, attracting more European HQs than any other city. Perhaps the most attractive reason for a property investment in London is because of the rise in the Real Estate prices every year. The continuous rise in the real estate price every year, makes this a secure investment. This city is Bustling with new and exciting opportunities every single day, making it a reason for lucrative investments for people. People who do so, makes them incredibly wealthy. Not only London is the capital of the UK, but also the most populated city. Thus, making it a constant need for new properties to emerge and the demand has never been higher. Because of this, if you decide to have an investment property in London, you would have no issue finding a tenant or a buyer.