{"id":17018,"date":"2018-05-23T15:40:31","date_gmt":"2018-05-23T14:40:31","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=17018"},"modified":"2018-05-23T15:40:31","modified_gmt":"2018-05-23T14:40:31","slug":"manchester-and-salford-top-the-property-premier-league","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-us\/news\/manchester-and-salford-top-the-property-premier-league\/","title":{"rendered":"Manchester and Salford top the property premier league\u00a0\u00a0"},"content":{"rendered":"

New research from estate agency\u00a0Cushman & Wakefield<\/i>\u00a0has confirmed that both Manchester and Salford are topping the table when it comes to outperforming the average UK house prices. Robust rental yields are also aiding the property market.\u00a0<\/span><\/p>\n

Metropolitan boroughs<\/b>\u2019 house prices<\/b>\u00a0outperform rest of the UK<\/b>\u00a0<\/span><\/p>\n

Over the past seven years up until July 2017, house prices in Manchester have risen by 34 per cent and are up 38 per cent in Salford against a national average of 30 per cent. Both metropolitan boroughs have experienced annual returns of 11\u00a0to 20 per cent over a three year period up until July 2017.\u00a0<\/span><\/p>\n

Over the next decade n<\/b>orthern cities will keep outpacing the South East<\/b>\u00a0<\/span><\/p>\n

The report forecasts that these northern cities will continue to grow ahead of the overall UK market during the next 10 years, gaining momentum from 2020 onwards.\u00a0<\/span><\/p>\n

Manchester\u2019s ascendancy driven by vibrant economy and skilled employment growth<\/b>\u00a0<\/span><\/p>\n

Julian Cotton,\u00a0Associate director at\u00a0Cushman & Wakefield<\/i>\u00a0<\/i>said:\u00a0<\/i>\u201c<\/i>Manchester\u2019s\u00a0positive\u00a0future is underlined by the strength of economic and demographic forecasts.\u00a0 The city\u00a0thrives on a vibrant and varied economy, driven\u00a0by an increasingly\u00a0skilled and large\u00a0workforce.\u00a0By 2022, it estimates a significant rise in new employment opportunities, particularly\u00a0with the professional, scientific and technology sectors set to experience around a\u00a010\u00a0per cent hike\u00a0in their workforce.\u00a0<\/span><\/p>\n

“More than a quarter of Manchester\u2019s\u00a0office space is occupied by established companies working within the legal sector whilst other key areas of employment include financial services, insurance, media, technology\u00a0and business services.\u00a0It has a significant number of FTSE 100 companies.\u201d\u00a0<\/span><\/p>\n

Rental yields are strong<\/b>\u00a0<\/span><\/p>\n

The report identifies similar trends for the rental market, with rental inflation running at around 2\u00a0per cent\u00a0per\u00a0annum to 2021,\u00a0thereafter settling down to around 3 per cent\u00a0plus per annum.\u00a0<\/span><\/p>\n

Manchester benefits from strong investor base<\/b>\u00a0<\/span><\/p>\n

The report highlights that: “Manchester benefits from a\u00a0strong\u00a0investor market, with over 52% of the entire housing stock lying in the Private Rented Sector (PRS). Considering the historically high rates of house price inflation in both Salford and Manchester, initial rental yields remain strong at present prices, averaging 5.3\u00a0per cent\u00a0for both areas. This resilience is a clear indication of underlying strong tenant demand as rates of rental inflation come near to keeping pace with house price growth. For those seeking investment opportunities beyond London,\u00a0Manchester and Salford\u00a0offer a breadth of choice and healthy returns.”<\/p>\n","protected":false},"excerpt":{"rendered":"

New research from estate agency\u00a0Cushman & Wakefield\u00a0has confirmed that both Manchester and Salford are topping the table when it comes to outperforming the average UK house prices. Robust rental yields are also aiding the property market.\u00a0 Metropolitan boroughs\u2019 house prices\u00a0outperform rest of the UK\u00a0 Over the past seven years up until July 2017, house prices… Read more »<\/a><\/p>\n","protected":false},"author":217,"featured_media":4766,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[349,42,6],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/posts\/17018"}],"collection":[{"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/users\/217"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/comments?post=17018"}],"version-history":[{"count":0,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/posts\/17018\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/media\/4766"}],"wp:attachment":[{"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/media?parent=17018"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/categories?post=17018"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/tags?post=17018"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}