Manchester has been recognised as the leading city in England for residential investment, ranking third overall in the UK behind Edinburgh and Glasgow. This ranking is part of Colliers’ latest edition of its UK’s Top UK Residential Investment Cities report.
This biannual report analysed 20 UK locations against 24 indicators such as GDP, population growth, and leisure facilities, which are grouped into five categories: economy, research and development, liveability, property, and sustainability.
Economic Strength and Property Growth
Manchester’s top position as the best English city for residential investment is largely due to its strong economic performance and property growth. The city has experienced a record house price increase of 33% over the past five years, significantly higher than the 20-city average of 15%.
Favourable Economic Indicators
Manchester’s population is expected to rise by 1.14% each year over the next decade, and it has the second highest student population in the analysis, second only to London.
A Hub for Entrepreneurs and Start-Ups
Andrew White of Colliers remarked that the city’s redevelopment and the relocation of large corporations to Manchester have driven up house prices.
Supportive Local Authorities
Strategic expansions, like those on greybelt land, are essential to sustain Manchester’s economic and residential appeal.
Retail and Leisure Excellence
Factors such as a low vacancy rate and the highest mix of leisure offerings support Manchester’s top spot.
Comparison with Other Cities
The city’s blend of commercial activity, housing growth, and leisure amenities is unparalleled.
Future Potential
With ongoing redevelopment, business growth, and strategic planning, Manchester is poised to remain a top destination for residential investment in England.
Manchester’s recognition as the best English city for residential investment reflects its robust economic growth, high house price increases, and supportive local policies.
The city’s vibrant commercial and leisure scene, combined with strategic housing developments, ensures its continued appeal to investors. As Manchester grows, it will continue to offer ample opportunities for residential investment.