House Prices Hit 12-Year High in UK’s Northern Cities

For the past five years, we’ve been advising our investors to purchase in Manchester, a key player in the Northern Powerhouse. From regeneration to the businesses choosing to base themselves in the city, there have been plenty of reasons to invest in Manchester.

Manchester has led the way in house price growth according to Hometrack; seeing growth of 8.8% in this last year alone. Investors who have purchased one of our properties in Manchester will be able to benefit from this amazing growth and it is great to see the forecast capital appreciation coming to fruition for our investors.

Manchester has even outperformed London in house price growth, with its growth rate slumping to a three-year low (London at 4.9% and Cambridge at 1.7% – a city that has for years been at the top of this list). The thousands of investors who followed our advice can look forward to reaping the benefits of increased property prices, capital appreciation and great rental returns on their investments.

The key to Manchester’s success, we believe is through the sheer amount of regeneration and money being pumped into the area by developers who recognise the city’s potential like we do. There are plenty of businesses looking to make Manchester their base, moving away from a more traditional London head office due to lack of affordability.

With businesses opting for a northern base, this serves to increase confidence in the area and create more opportunities for people living here. As investors and developers could see the jobs being created, they also could see the potential for professionals to move to the area.

The Northern Powerhouse has also contributed to Manchester’s success. With this putting Manchester City on a global platform and also attracting developers like Peel Land and Property Group who developed the highly successful MediaCity – putting the regeneration area of Salford on the map. The Northern Powerhouse also received a new cash injection of £556m last year, suggesting that there is no sign of this development stopping.

Liverpool is now heading in the same direction as Manchester and, if investors are looking for capital appreciation and high returns, Liverpool is the place to invest. We have an office based in Liverpool, so can see first-hand the amount of building work and regeneration projects taking place across the city.

First, the £1 billion Knowledge Quarter transforming from a once derelict part of Liverpool’s city centre into a bustling hub for research and academia. More and more students are going to be attracted to the city and, of course, will be looking for somewhere to live.

Another is Project Jennifer, a £150million scheme regenerating the Great Homer Street area. This scheme will provide retail units, a brand-new supermarket, road improvements and new homes (among other amazing additions to the area). This regeneration is great news for Liverpool as it enhances the north city centre, elevating it to the same standard as the city centre itself and increasing the attraction for people moving to Liverpool.

The single biggest investment in Liverpool so far is the Liverpool Waters Project, which sees £6 billion invested into Liverpool’s docklands area, creating new jobs, homes and leisure space.

This project will mean that Central Docks will become a world-class business, residential and leisure district. The development will include 1,000 flats, 750,000 square metres of mixed-use space and a 7-hectare public park. There will be stunning waterfront views, and the entire site will be alongside development at Princes Dock, the cruise liner terminal and Isle of Man ferry, as well as the new Everton Football Club Stadium.

These projects, and previously completed projects, mirror Manchester. With more money being pumped into the city comes more jobs, more residents and more investment opportunities! Liverpool has the added benefit of the Knowledge Quarter. With high profile educational establishments basing themselves here, more students will also be attracted to the area. So, both buy to let investments and student property investments could be extremely lucrative ways for investors to increase their profits.

Invest in Liverpool now and reap the benefits in the future with strong forecast capital appreciation, like those who invested in Manchester in the past. Manchester’s success has only given us more confidence in Liverpool. As the second city of the Northern Powerhouse, Liverpool is also becoming known on a global scale as its profile is constantly rising – with rental returns soaring.

We’re excited about the developments and regeneration we are seeing now in Liverpool and will see in the future. Investors would be wise to consider an investment in Liverpool; whether it be student buy to let or residential buy to let, potential for capital appreciation and high rental returns is strong.

Property for sale in Northern Cities

For more information on buy to let investment opportunities in the Northern Powerhouse in 2018, contact RWinvest on Tel: +44 (0)151 808 1250, via Email: info@rw-invest.com or visit our website:
rw-invest.com

Photo Source