Manchester

An International Destination

Manchester's property market is thriving, with strong growth in both house prices and rental values. As of March 2025, the average house price in Manchester is £247,000, reflecting a 7.6% increase from the previous year. First-time buyers are paying around £232,000, while homes bought with a mortgage average £252,000.

The rental market is also experiencing significant growth, with private rents reaching an average of £1,309 per month in April 2025, an 8.5% annual increase. Investors are seeing high rental yields, making Manchester one of the most attractive cities for buy-to-let investments.

Manchester's property market has outperformed national trends, with a 33% increase in property prices over the last five years. The city is expected to continue its strong growth, with forecasts predicting a 19.3% rise in house prices by 2028.

With its expanding economy, strong infrastructure, and increasing demand from young professionals and students, Manchester remains a prime location for property investment. If you're considering buying or investing, now might be a great time to explore opportunities in this dynamic market.

A Growing Economy

Several key factors are driving property prices in Manchester:

Economic Growth: Manchester has a thriving economy, with a Gross Value Added (GVA) of £78.7 billion, making it the second-largest city-region economy in the UK after London. Major companies like Amazon, the BBC, and Kellogg’s have established a presence, boosting employment and demand for housing.
Population Growth: The city's population is steadily increasing, with Greater Manchester reaching 2.81 million residents. A strong graduate retention rate of 51.5% means many students stay in the city after university, further fueling housing demand.
Infrastructure Development: Large-scale regeneration projects, including transport improvements and new residential developments, are enhancing the city's appeal. Areas like Ancoats and Salford Quays are benefiting from modern housing stock and proximity to key amenities.
Limited Housing Supply: Despite ongoing new-build developments, housing supply remains below demand, particularly in affordable and mid-range segments. This imbalance is pushing up both property prices and rental values.
Investment Appeal: Manchester has consistently outperformed national property trends, with a 33% increase in house prices over the last five years. Investors are drawn to the city due to high rental yields and long-term appreciation potential.

With these factors in play, Manchester remains one of the UK's most attractive cities for property investment.

The Future is Bright

Manchester's property market is expected to continue its strong growth. Here are some key projections:

House Prices – Savills predicts that property prices in the North West will grow by 11.7% by 2027. JLL forecasts Manchester to be the second strongest UK city for house price growth until 2028, with an estimated 19.3% increase.
Rental Market – JLL expects rental values to grow by 4% on average in 2023. Manchester’s rental market remains highly attractive due to strong demand from professionals and students.
Economic Growth – Oxford Economics predicts Manchester will have the highest economic growth of all UK cities over the next five years, with a 16.4% growth rate.
Regeneration & Investment – Areas like Salford and Oldham are seeing significant regeneration, boosting property demand and prices.

Manchester remains a prime location for investors, with strong long-term potential.