Invest Hub: Manchester’s High Student for Property Investors
Manchester’s High Student Retention Numbers Present A Great Opportunity For Property Investors
Invest Hub: For upon |Manchester’s incredible growth and prospects have quickly made it an ultimate opportunity for a buy to let investors. The UK’s second city is the place to be.
Manchester is the leading light of the Northern Powerhouse and for some time has been regarded as the UK’s ‘second city. With London and its surrounding regions suffering from high prices, an unstable housing market, and the weariness of over-investment, the window of opportunity for property investors in Manchester has never been wider. Invest Hub.
Manchester’s present and future are underpinned by its universities, led primarily by the University of Manchester and Manchester Metropolitan University. Former, current, and future students are providing serious economic momentum and the trickle-down effect is reaching a torrent for property investors. Invest Hub.
Home Is Where The Heart Is
Manchester has not only seen its student numbers swell exponentially but it is already starting to reap the benefits of high student retention. A larger proportion than ever of undergraduate and postgraduate students who attend any of the Greater Manchester universities are staying in the region to live and work after they graduate. Invest Hub.
In 2014/15, Manchester boasted a 51.5% student retention rate, the second-highest in the UK after London and beating other popular cities and institutions such as Belfast (50%), Birmingham (49%), and Edinburgh (42%). Early estimates for 2018 show that figure rocketing to 70%. Invest Hub.
Manchester also provides a welcome home to return to, with 60% of students who leave the city for Higher Education returning to reap the benefits of a growing economy, myriad opportunities for employment, and an affordable cost of living. Invest Hub.
This is all well and good for the universities, but what does it mean for property investors?
High Retention Means High Yields
Manchester is the place to be for property investment and buying to let investors will feel the benefit of a double whammy if they play their cards right and invest wisely and properly.
Prices and rates across the board are rising rapidly. Residential price growth is expected to hit an annual average of 4.2%, almost double the national standard. House prices grew by 10% in 2017 but most importantly for buy-to-let investors and landlords, rent rates are projected to grow by 3.5% per year until 2020. Invest Hub.
Manchester’s renewed growth and success can be traced to the incredible surge in demand for city-center living and accommodation. There has been a 700% increase in the city center’s residential population since the turn of the century; a number boosted by the high student retention rates. Invest Hub.
Many of these residents will be students or young professional graduates, both key target markets for buy to let investors. Any investor who owns a property for either or both demographics stands to make incredible returns for expenditure on a property such as studio apartments that are cheaper to purchase maintain than others. Invest Hub.
invest in yourself
The growth of luxury living spaces in the city for both students and young professionals, owned by prestigious property investment companies such as RW Invest, is attractive to both buy to let investors and potential tenants. Property of similar size and quality in London will cost hundreds of thousands of pounds more. Invest Hub.
With Manchester’s growth, its incredible student retention rates, continued government investment in the Northern Powerhouse project, and increasing reputation, it’s not difficult to see why people and investment are flocking to the UK’s ‘second city. Manchester has quickly positioned and presented itself as a wonderful, dynamic and long-term opportunity for property investors. Invest Hub.
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