Manchester
The North's largest economy

Manchester

A fast growing city with a young population, large universities and one of the busiest city centre rental markets outside London.

Overview

Greater Manchester is the UK's largest economy outside London and the South East. Its universities, MediaCityUK, a growing technology sector and a major international airport attract graduates and professionals, and the city centre population has grown quickly over the last two decades. Prices are well below London, which is why many investors look here for rental income.

Why investors look here

  • A young, growing population and a large student community
  • Regeneration across the city centre, Salford and Trafford
  • Entry prices well below London
  • A strong professional and technology job market
  • Manchester Airport with direct flights to Istanbul

Market at a glance

Area typeTypical priceTypical gross yield
City centre and growth areas£210,000 to £270,000around 7%
Established suburbs£300,000 to £450,0003.4% to 5.7%

Indicative ranges based on 2025 market data and our experience, not a forecast. Yields are before costs.

Getting around

The Metrolink tram network covers the city and Salford, trains reach London Euston in around two hours, and Manchester Airport serves over 200 destinations.

Things to consider

  • The city centre has a large pipeline of new apartments, so choose developments with a clear advantage in location or quality
  • Compare service charges, which vary widely between buildings
  • Check completion dates and the developer's track record for off plan purchases