• Manchester can be an attractive city for investors since it offers profitable opportunities that can secure a good cash-on-cash return.
• Discover the top rental markets in Manchester along with their recommended property types, estimated annual revenue, GRY and more important data which is provided by Airbtics.

Introduction

The cosmopolitan city of Manchester is situated in the North West of England and is flanked by the Pennines and Cheshire Plain. This vibrant destination is highly renowned for its world-famous football, the artistic and cultural scene and its unique architecture where old and modern styles coexist perfectly. 

As the decades went by, this dynamic city became an important financial, cultural and education center with a quite attractive rental market. In fact, there’s no doubt that Manchester is an attractive area for investors as it’s among Airbnb’s top trending travel spots for 2023 domestic travel in the UK! Additionally, Manchester is also one of the top 3 Airbnb cities in the UK according to our previous blog. 

But before taking the next step in this journey, is important to set clear goals to guarantee your investment success, especially if you are considering investing in Manchester real estate. And for this reason, it’s essential to know where to buy to let in Manchester. Don’t fret as Airbtics is here to help you!

In this article, you will find out the best places to invest in Manchester as well as some of the main reasons why you should consider investing in a property in this city. Continue reading to learn more about this market!

Why invest in Manchester real estate market?

Buying investment properties in Manchester is truly a great way to generate a nice rental income. Yet, researching the market carefully is crucial when thinking about investing in Airbnb. Hence, it’s always good to know what kind of advantages the rental market of your target city can offer to real estate investors.

If you want to target Manchester’s real estate market, then make sure to check out some of the reasons why investment properties in thy city can help you build your path toward financial freedom:

• Booming economy

Over the years, Manchester has experienced strong economic growth to the point of turning into one of the most prosperous cities in the UK. The city is a major business and commercial center where the sectors that contribute the most to the economic situation of the city are finances, technology, healthcare, education and manufacturing.

Additionally, Manchester is a university city, so there’s a huge student population and also steady demographic growth. Hence, it’s a great place to do a student accommodation investment since the demand for rental property is strong.

• Great living conditions

Another advantage of investing or living in Manchester is that it offers a high standard of living. The city has a well-developed infrastructure with an efficient transport network, renowned education institutions, and a wide range of recreational facilities. Thanks to this, the city is quite a catch to both residents and businesses.

In addition, this city’s cost of living is more affordable compared to other major cities like London. The property price varies greatly depending on the area, but overall, the median house value is £250,700 according to Zoopla.

• Top tourist destination

Imagine being surrounded by a majestic urban landscape with plenty of sites of interest, eclectic restaurants, lively cultural festivals, vibrant art galleries and much more. This is just a little piece of what Manchester has to offer to its locals and visitors. Honestly, it’s almost impossible to get bored in this destination as it’s easy to enjoy yourself here, both by day and by night. 

Manchester is a mecca for shopping lovers as there is no lack of shops and malls throughout the city such as the Trafford Centre. The nightlife is also quite vibrant with plenty of pubs, bars and clubs. Truth be told, Manchester is a dazzling destination that has something to suit everyone’s tastes!

Is Manchester rental market profitable for Airbnb?

Running a successful Airbnb listing that could secure you a good return on investment is not an unreachable dream anymore! Airbtics assures you that you can earn a nice passive income while operating a short-term rental in Manchester! In fact, this city is one of the best places to start an Airbnb investment in the UK!

According to Airbtics’s data, Airbnb hosts can earn an average revenue of £20,492 with a median occupancy rate of 62% for operating a 2-bedroom apartment in Manchester.