Manchester apartments offer a number of potential benefits for those who own them. For one, they can provide a desirable location in an exciting and vibrant city. Additionally, Manchester apartments can often be rented out for a higher price than traditional apartments, making them a potentially lucrative investment.
Furthermore, owning a Manchester apartment can give you access to all the amenities and excitement that the city has to offer. If you’re considering purchasing an apartment in Manchester, make sure you explore all your options and weigh the potential benefits carefully before making a decision.
Among the perks of owning an apartment in Manchester are:
- Growing population-growing demand for housing.
Manchester’s population is one of the youngest in England, with 60% living within city limits aged between 25 and 30. This high proportion of graduates who stay after graduating helps make up for an aging downtown area that needs more young professionals to take on local jobs.
The large number of students coming into Manchester each year also means there are plenty of opportunities available when it comes time to leave school or find employment. This also means that they have to live independently. They will then be looking for housing options, which translates to greater housing demand.
The demand for housing is a major driver in increasing property value. Owning an apartment in Manchester as early as now gives you the edge in boosting your asset value in the following years.
- A perfect place for those who want to live independently.
You can live a life of independence and personal fulfilment in Manchester since the city has a lot of apartments that are ideal for young professionals who are just starting out. This is perfect for those who are self-employed or looking to start their own business from home, as you will have an apartment already on hand that could be used as both office space and living quarters.
- Manchester is a lifestyle city.
Manchester is a city that has something for everyone. Whether you’re looking to spend your days taking peaceful walks through idyllic countryside or dance until the wee hours at one of its popular clubs, there’s no shortage in Manchester. It also tops the list of most desirable places around Europe by Global Liveability Ranking – ranking above London and Rome (which ranked 3rd respectively).
- Property prices are still reasonable.
One of the major cities in the UK, Manchester is a haven for buyers and investors alike. With property prices that are still very reasonable below average compared to England or Wales as well starting under £100k you can get your foot into this hot market with ease.
Areas to consider when owning Manchester apartments
Manchester is a city of many neighbourhoods. Some great places to call home in the heart of it all would be Castlefield, The Southern Gateway (a historic settlement that’s still exciting with new development), and the Northern Quarter for art enthusiasts and tourists alike!
There are also plenty of outlying areas near Manchester like Deansgate/Spartacus Norseman bridge or Spinningfields, which is perfect if you’re looking at work opportunities nearby or are relocating to the city for work or permanent residency.