Property investment in the UK is no longer limited to London only. The days London’s monopoly on the UK’s property investment market is over now. Additional 3% stamp duty on second house purchase, slow house price growth, sky-high property prices and change in mortgage rules by The Bank of England are some of the key reasons.

The list of reasons does not end here only. These reasons served as a start only. You must know this if you are thinking about property investment in the UK.

What Else Has Contributed to The Fall Of London?

The rise of other towns like Manchester, Birmingham, Liverpool, Southampton, and Sheffield has proven to the final nail in the coffin. It’s because the developmental work being carried out in these towns. Moreover, domestic and foreign home buyers see these towns as a perfect place for investing in property in the UK for many reasons.

For Example:

Affordable investment properties for sale are available.

Developmental work is being carried out in these towns by the government.

Faster house price growth.

House price in these towns has only been going up for the last couple of years in these towns.

Which Town is Actually Leading the Charts?

This is another important question. You must seek an answer to this question prior to investing in property in the UK. it is because you will be able to make as well as save extra money from your property investments.

Coming to the point, Manchester is proving to be the hardest competitor for the English capital (London). No other town in the UK has been able to match Manchester’s growth on this front.

We Have Facts to Prove It:

Manchester is on top of the list of UK’s top 20 metro cities for health property price growth

Property Value Appreciation rate in Manchester has reached up to 7.4% within the last 12 months among northern cities. It’s been up to 4.6% on the national level.

If researchers are to be trusted, house price growth in Manchester is likely to cross the milestone of 25% within the next three years.

A market price analysis has been published recently in this regard. According to this report, Manchester currently the best spot for property investment in the UK.

Moreover, more demand than supply in London has helped Manchester reach the top spot. It is mainly because the supply of investment properties for sale in Manchester is continuously meeting the demand.

What Could Possibly Help Manchester Stay on Top in Future?

This is another question that all home buyers thinking about investing in property in the UK should seek an answer to. According to Mr. Kevin Roberts, The Director of The Legal and General Mortgage Club, two things will play a crucial role:

Housing supply should be boosted to meet demand continuously.

The government will have to focus strategically on fulfilling the demand of at least 300, 00 residential property development on annual basis.

Keeping all this in mind, if you are thinking about property investment in the UK for income and profit, Manchester could the town should purchase your next investment property for sale.

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Our experienced market agents will help you achieve your property investment goals in Manchester too.