Manchester is making all the right noises for property investors and despite a huge amount of building work and a seemingly wealth of property available, it is still a good bet and the highest-ranking English city for residential investment.
PROPERTY INVESTMENT IN MANCHESTER
Manchester scored third overall in the rankings, behind Scottish cities Edinburgh and Glasgow according to commercial real estate firm Colliers and with a great deal of local knowledge our residential property team are the right ones to help potential clients from all over the UK deal with property investments.
“We work with serial landlords whose property portfolio is extensive, at the same time we help and advise those first time buy to let landlords and our commercial property team work with business investors and commercial property development agencies,” said, Victoria Marshall, Solicitor and Head of Residential Conveyancing.
Five categories put Manchester ahead of other English cities: economy, research and development, liveability, property and sustainability, to cover the various interests of residential investors.
With its top position Manchester is a good place for International and British property investors.
“In addition to its strong economic performance Manchester has seen record house price growth of 33% in the past five years, this combined with a wealth of variety in housing stock makes it an attractive proposition for any property investor,” added Victoria.
COMMERCIAL PROPERTY INVESTMENT
Many companies are choosing the city as a base, or indeed a second home outside London, these young professionals, the new business start-ups and Manchester’s healthy student population make it not only an attractive and vibrant place to live, but essentially a great place to invest in property
It is also predicted to have a strong GDP growth at an annual rate of 2.2% during the next five years, which is also above the 20-city average of 1.8%,
“Manchester has been transformed in the past decade, jobs, investment and growth have led to a housing boom and there has been significant house price growth in the city and its suburbs so it’s no surprise to us that live and work here every day that it ranks highly for residential investment,” added Victoria.
PROPERTY INVESTMENT SOLICITORS
At Pearson our team not only advise our clients on the legal aspects of the transaction; we guide them on their property journeys.
With such a breadth of legal experience we are able to highlight problems that clients may not necessarily foresee or suggest introductions to get the best out of their investment. By collaborating with professionals throughout Manchester, we can offer a client much more than just a tick-box solicitor.
Whether buying a property at auction with less than 28 days to complete, to securing funding for the third phase of the development we have the perfect team to meet your requirements.
HOW WE CAN HELP?
For legal advice on your next property investment in Manchester, contact our property solicitors on 0161 785 3500 or email enquiries@pearsonlegal.co.uk