Eliot highlights that despite some recent stabilisation in the property market, investors remain favourable as house prices and transactions approach pre-pandemic levels.
Research by Together reveals that 31% of landlords and investors are looking for more buy-to-let properties for sale in the next year, with 59% intending to raise rents. Additionally, 68% feel optimistic about their property ventures for 2024.
Investment is driving growth in Manchester and its surroundings, leading to an increase in job opportunities. This surge in employment is driving up rental demand, reinforcing investors’ confidence in Manchester’s evolving landscape.
However, investors may also want to focus on Liverpool, the other major city in the UK’s North West region.
Much like Manchester, Liverpool has seen vast amounts of regeneration in recent times, leading to the emergence of popular areas such as the Knowledge Quarter and the Baltic Triangle. In addition, regeneration plans are ongoing in the city’s Northern Quarter, just outside the Central Business District, where investment opportunities like The Gateway – a Liverpool new-build property inspired by New York architecture – are set to reinvigorate the surrounding area.
According to a report from The Data City, Liverpool also has the fastest-growing economy, boasting good value property prices (around £176,000 per HM Land Registry) and some of the UK’s best rental yields (7.44% on average per Zoopla).
For more in-depth buy-to-let insights, read some of our North West area guides, including:
