Pluxa Property is a top property investment company in Manchester, dedicated to helping you reach your investment goals
With over 10 years of experience in the UK property market, we specialize in serviced accommodations, overseas villas, BRRR deals, and new builds. Our expert team uses their deep industry knowledge to uncover profitable opportunities in Manchester and beyond.
Partner with Pluxa Property for expert guidance, clear communication, and investments that deliver strong returns.
About Manchester
Manchester, a city of Greater Manchester located in the north of England, was known for being among the first few cities to take part in the Industrial Revolution. Presently, the city’s exciting and diverse culture, huge population, strong economic growth, job demands, affordable property prices, and high rental yields make it a prime location for property investors.
Its extensive infrastructural development and regeneration projects, as well as its good connectivity, are the other major reasons for boosting the city’s investment potential.
According to EY’s latest Regional Economic Forecast about GVA (Gross Value Added), the economy of Manchester is expected to see an annual average growth of 2.2% between 2024 and 2027, which will outpace the national growth rate of 1.9%. Its local economy will be above £2.4bn more in 2027 compared to GVA in 2023. The city is the hub of numerous businesses, including major companies in finance, tech, media, and logistics. Creative and digital industries in Manchester make it a hub for innovation and technology. This has enhanced job opportunities in the city, attracting a young and skilled workforce, leading to economic stability in Manchester, and driving demand for buy-to-service or rent-to-service properties in the city.
According to the recent Manchester Housing Strategy 2022-2032, there are nearly 68,000 socially rented homes in the city, which is not sufficient to meet the rising demand of the increasing population in Manchester. In the same report, it is estimated that the city is under-supplied by at least 500 new homes every year. It has led to a rise in housing prices and rents across Manchester, making it suitable for property investors to invest in residential properties in the City.
The target of supplying homes every year is 1000, but only a target of 500 homes is met each year, driving the demand for rentals and new homes.
The provisional average house price in the city in May 2024 was recorded at £235,000, which was slightly more than a year earlier, and for flats, the average price rise is 2.6%. This growth increases the value of all existing properties in Manchester, creating lucrative capital appreciation chances for property investors and homeowners. As the property value rises, it stimulates future investment in Manchester, leading to property market growth. The house prices are forecasted to grow 19.3% by 2028 according to JLL Residential Forecasts 2024-2028
The rise in property prices has made home ownership difficult, leading to higher rental market demand. The average rent for single-bed property rose by 12.7%, and for four-or-more bed property rose by 10.9%, while rent for semi-detached properties increased by 12.5%, and for terraced properties it rose by 12.1%. A rise in rental demand increases the annual average rental yields, which will benefit buy-to-service or rent-to-service property investors. Most of these demands come from students, young professionals, and small families due to increased education and job sectors, which will continue to strengthen the rental market.
The average annual house price growth in Manchester, according to the JLL Big Six Residential Development Report: +1.6%
The average annual rental growth in Manchester, according to JLL Big Six Residential Development Report 2023: +12.2%
The provisional average house price rise in Manchester as of May 2024: £235,000 (+1.8% from the previous year)
The annual average economy growth of Manchester by 2027, according to EY: +2.2%
The target for new homes in the City, according to Manchester Housing Strategy (2022-2032): 10,000
One major reason for the property price rise is the Increased employment rate in Manchester: 71.4% (between ages 16 to 64)
There are multiple types of property investment opportunities in Manchester for investors looking to capitalize in a short period.
Rent to Service accommodations are properties that investors rent or lease from landowners and put into short-term rentals, like Airbnb holiday homes, instead of traditional rentals. A part of the income is paid to the homeowners as monthly rentals, and they keep the remaining profit with themselves. For higher rental yields, property investors must choose homes in prime locations near tourist attractions, business hubs, education centers, and places with high quality of living.
Buy-to-Service Accommodations are similar to RENT2SA properties except for the fact that investors buy these properties from homeowners and then put them into short-term rentals. The best part is that property investors have ownership and can keep all their earnings to themselves. Such an investment can be fruitful when investors target the growing tourism and business travel market in Manchester. It often provides a higher return on investment in comparison to traditional rental properties.
BRRRR property investments are simple. Investors buy a property that requires refurbishment and put it out for rent to make higher income, then refinance to pull out the equity and repeat the whole process. The city’s robust job market, diverse culture, and ongoing regeneration projects ensure consistent demand for rentals. Investing in such property allows investors to maximize their returns and quickly scale their property portfolios in a dynamic market.
Manchester has seen impressive regeneration projects in the 21st century, with billions of pounds invested in transforming the city through exciting development projects that significantly boosted the UK economy. Manchester regeneration projects are one of the major reasons for the city’s increasing property prices and demand for housing and commercial properties.
Since 2010-11, Manchester has received billions of pounds in public sector money and investment, which has resulted in the development of multiple new hotspots in the City suitable for property investments.
One of its key initiatives is the Northern Gateway regeneration scheme that will deliver 15,000 new homes and create a world-class City River Park for Manchester over the next 20 years, which will boost the local economy, increase property values, and attract more residents to the city.
Another popular project is the MediaCityUK regeneration project, which started 14 years ago and has created Manchester’s prime destination for creative and media businesses. Stanford University is nearby, and this area is populated by students, which has increased the demand for housing.
Other regeneration projects that impact the property prices in different locations of Manchester include the building of the UK’s best business quarters in Spinningfields, £800m NOMA project, the Great Northern Warehouse project, £1bn St. John’s Development, Oxford Road Corridor development, the building of modern urban living spaces in Ancoats and New Islington, and Civic Quarter projects. All of these projects aim to build modern residential and commercial hubs, offer high-quality living options, and boost the local economy.
Identifying the best property for investment in Manchester can be difficult as the number of options is huge. To make the right property choice, investors can book a consultation with Pluxa Property, a property investment company in Manchester. We have over ten years of experience in helping property investors find the best buy-to-service accommodations, rent-to-service accommodations, overseas investment options, and BRRRR property investments. Our team has in-depth knowledge of the UK and Spanish property markets to assist investors in finding lucrative opportunities that maximize ROI and reduce unwanted stress.
From sourcing property deals and negotiating the terms to setting up the properties, refurbishing them, and making them 100% ready for bookings, we at Pluxa Property do it all. We also help in finding tenants to lease out the property, go for regular inspections, and take care of operations and management.
Get the right R2SA deals in the market.
Achieve up to 15% rental yield every year.
We can help to find your BRRR properties in the UK at discounted price.
Invest in luxury villas in Spain to get the best investment return.
Yes, Manchester is a good place to invest in property for its rising demand for commercial and residential properties to meet increasing population, higher rates of rent and property prices, better education and job opportunities attracting students and young professionals, and improved facilities with Manchester’s multiple regeneration projects.
Yes, Manchester is good for real estate, especially if you have existing properties in the city. With the rise in property value, you can make huge profits by selling them. The demand for properties has increased the demand for rental properties, leading to higher rental yields, which is suitable for property investors who are looking to put their properties into short-term rentals and earn higher returns on investment in a short period.
The best areas to invest in Manchester include Manchester City Centre, Salford, Northern Quarter, and Didsbury. Salford has had multiple regeneration projects in the last few years and is the cultural and innovation hub of Manchester, which is the home of MediaCityUK, where BBC and ITV have their bases. The City Centre offers exceptionally high rental yields for its proximity to shopping, dining, and entertainment choices. While the Northern Quarter is suitable for young professionals, Didsbury is good for families.
Around 6-7% is a good rental yield in Manchester, which is higher than several other cities in the UK. Certain areas in the City, like Stanford and Manchester City Centre, can even offer higher rental yields. However, these figures can change depending on several factors, like the property type and location in Manchester.
Buy-to-Service accommodations, Rent-to-Service accommodations, and BRRRR properties are available for investment in Manchester. As the price of homes in the city increases, the demand for rentals will increase. So investing in such properties that you can put out for short-term rentals instead of traditional rentals will be profitable for property investors.
The rental market in Manchester is better than that in other UK cities except for London and Birmingham. With the huge gap in demand for housing and the supply of high-quality homes, the rental market in the city has seen upward growth. This has also resulted in a price rise in housing rents, which leads to better incomes for property investors and homeowners.
To make the right property investment in Manchester, you need an expert agency like Pluxa Property. They have over ten years of experience helping property investors make suitable investments in Manchester. They bridge the gap between property investors and homeowners or vendors, providing the necessary services to find high-quality residential and commercial properties.
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