Manchester named the Best English City for Property Investment

Redmayne Smith, the UK’s leading property investment experts, seek to help investors navigate the competitive property market with new data-led insights on the best regions for property investment in the UK – with Manchester coming out on top.

The news comes as Greater Manchester prepares to attend UKREiiF, the UK’s Real Estate Investment and Infrastructure Forum in Leeds later this month. The event aims to connect people, places and businesses to accelerate sustainable, inclusive and transformational investment.

Data compiled from official Hometrack and Zoopla report reveals both Manchester and Glasgow as the best UK cities to invest in outside of London – scoring 28 out of a possible 30.

Manchester took one of the top spots, receiving a score of 28 with high marks across all three metrics, particularly in annual property value percentage increase (15.6%) and transport links.

Whilst the rental yield for Manchester came out slightly lower than that of Glasgow, at a rate of 5.1%, the property market in the city continued to demonstrate high demand and a growing population, pointing towards an attractive rental market. Not only that but Manchester is the home of Media City and has the presence of 80 of the FTSE 100 companies and two premiership football teams which makes it an attractive place for investors looking to attract high-net-worth individuals to rent their properties.

Top 10 UK cities to invest in outside of London:

Gordon Dutfield, CEO at Redmayne Smith, commented: “Rental yield and annual property value percentage increase are key indicators of the potential for strong returns on investment, while transport links are crucial in attracting tenants and maintaining demand. We believe these three factors offer the most accurate picture of a region’s investment potential and are the most important things for investors to consider when selecting where to invest in the UK property market. By focusing on these key metrics, we can identify regions that offer the best opportunities for long-term growth and profitability, and help our clients achieve their investment goals.

“Our latest research clearly shows that Manchester is currently one of the best regions to invest in, with excellent rental yields, high annual property value increases, and great transport links. As we emerge from the pandemic, investors are increasingly looking for opportunities in major UK cities, where the potential for growth and returns is high. With Manchester undergoing significant investment and regeneration, we believe it offers the greatest potential. Personally, Manchester is the place I believe to be one of the best places to invest and this is where I’m focusing my time at the moment – investing in key areas in the city where I’ll see the most return.”

If you’re attending UKREiiF between Tuesday 16 and Thursday 18 May, you can find the Greater Manchester partnership on The Canary, a pavilion shared with London.

Representatives from Greater Manchester’s local authorities will be in attendance and available for networking opportunities and to discuss future investment opportunities alongside our private sector partners. To organise a meeting with these partners please contact these organisations individually.

To hear from Greater Manchester speakers at various stages across the 3-day event, view our programme of events here.