Why you should consider the birthplace of industry and innovation for your next investment
The metropolitan county has an impressive history of inward investment, a strong job market and a business economy to rival the capital's. The region should be firmly on the radar of property investors across the UK, as its impressive yields and fiercely competitive rental market make it a worthy place for investment.
Greater Manchester has a population of 2.8 million people, and Manchester and Bolton's rapidly-growing populations mean they are two of the most sought-after places to live in the UK. It's no wonder so many choose to live in Manchester and the surrounding areas, when considering that all of the UK's major cities are under three hours away by train, and Manchester Airport is one of the busiest and most well-connected in the world.
The region is known for its world-class science, innovation and business, and is currently enjoying a steady stream of investment. This includes a £300m housing investment fund, mass spending on the improvement of public transport services and an extension of Manchester Airport with a budget of £1bn. Bolton's £4.6bn economy is one to take note of, too, as it is fast becoming a desirable place to live and work outside of Manchester.
Manchester is the home to new and emerging technologies that will shape the future such as fintech and genomics. Not only this, but the city is the place to be for creative and digital services, finance and business services and much more. The job market in Manchester has long been one of the strongest in the UK, and Bolton isn't far behind. The town has announced ambitious plans to become a "smart city" where people live, work, study, visit and invest by 2030.
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With one of the strongest job markets in the UK and one of the largest student populations, it is no wonder rental yields in Manchester remain so high. Find out more about why you should invest in buy-to-let property in Manchester with our handy investment guide.
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