Property Investment across Manchester has been booming over the past couple of years, which is why savvy investors who had previously tied their portfolio in London are increasingly looking North.
Comfortably adopting the moniker as the cultural capital of the North, Manchester sits triumphantly amongst the UK’s best and brightest cities. According to a recent study from Investment Property, Manchester is the third most visited city in the UK, attracting over 100,000 domestic and international students each year.
Measured as the UK’s second largest urban area, Greater Manchester is called home by more than 2.5 million people. A truly modern city, Manchester is a melting pot of diversity that prides itself on the complete unification of different cultures.
With a thriving city centre, boosted by the gentrification of districts like Castlefield, Spinningfields and the Northern Quarter, Manchester isn’t short of vibrant character and remarkable architecture. The city commands a personality like no other.
As a result of the city’s perpetual state of evolution, Manchester has been able to develop into the thriving metropolitan melting pot that it is today.
Whilst many investors (including those overseas) are still fixated on the ever-fluctuating property market of the capital, many are now setting their gaze to the North-with good reason.
There has been continued regeneration and investment ever since the Commonwealth Games back in 2002 and even areas that were once largely forgotten are now leading hubs. A shining example of this would be the area of Salford, which is now home to Media City - the home of the BBC, ITV and many more production and creative agencies, attracting talented young professionals.
Already touted as the largest UK economy outside of London, Manchester continues to draw in foreign investment, with more than 2,000 foreign based firms having taken up residency within the city. (Investment Property UK)
There's a lot more to Manchester than great music and great football teams!
Whilst all of this sounds very impressive, what does it mean for property investment In the North West?
A lot of what makes Manchester the place to invest in property seems to apply to London - namely, that Manchester is fast becoming a hub for fintech, digital, and creative industries. However, there is one key difference. Complete affordability.
Around Manchester, investment properties are still available for £200,000 and under – a long way under in some areas. Good luck finding anything for that sort of price anyway near London.
While surrounding districts like Altrincham and Didsbury have mature property markets and long established reputations for excellent schools, more and more districts of Manchester, and the city centre itself, are seeing the benefits from investment and regeneration.
Many Manchester postcodes have seen properties more than double in value in the past few years. If you are thinking of investing in property, now is the time.
The would-be investor can of course look to buy purchase a property and rent it out, though the traditional buy-to-let model is set to increasingly become a thing of the past for all bar the most serious, professional developer as legislation and tax have made buy-to-let investment increasingly difficult.
Here at The House Crowd, we offer a different approach to property investment. Our products do not involve purchasing property, but crowdfunding loans to home owners and developers that are secured on their property asset. For further information read about our secured peer to peer bridging loans, and our Innovative Finance ISA.
For those interested in property investment in Manchester, our peer to peer property development loans offer investors the chance to invest in new build development projects in and around Greater Manchester.
Our peer to peer lending model offers you the ability to earn high returns, typically around 10% p.a. from property developments that require no bank financing and is therefore considerably lower risk. We believe it represents an excellent ratio of risk and reward.
The models turn your investment into a passive practice ensuring that there are none of the ongoing concerns around finding tenants or red tape. Investors can have a stake in the property development, from as little as £1,000. This would enable investors with lump sums to spread their risk across a number of projects.
As with any investment, it's important to know that your capital is at risk and returns, which are dependent on the sale of properties. can go down as well as up and to associate yourself fully with risk warnings on any property investment sites.
When we launched The House Crowd in 2011, it was the first property crowdfunding platform in the world. We have offered peer to peer secured lending since 2015.
We are an FCA accredited platform for secured peer to peer lending. This ensures a high level of transparency and a legal obligation to be upfront about all risks involved in P2P investing.
To date, we have raised more than £81 million in funding on our platform, and delivered average returns in excess of 9% p.a. from our property development loans.
If you’re interested in making property investments that deliver real returns, Open your House Crowd account today. We will also send a Free Investment Guide when you sign up, and you can review our investment opportunities in more detail.