Property Know

Manchester University is one of the largest educational institutions in the UK. During October 2004 The Victoria Manchester University successfully merged with the University Of Manchester Institute Of Science and Technology formally known as (UMIST). This created the largest on site University in the UK. According to UCAS 2006 had an unprecedented 62,000 applications to the university making it one of the most popular student destinations. It also has a yearly income in the excess of £500.000. Plans are underway for it to become one of the top 25 universities in the world by 2015. Therefore the University is currently undergoing major redevelopment with an estimated 500 million pounds being invested to create new facilities and expand academic departments creating a world class University of research.

With all this in mind, investors around the country have flocked to Manchester realizing the massive earning potential this may have on the property market and their future earnings. Property in Manchester has risen dramatically making it an ideal hotspot especially in popular student areas such as Fallowfield, Rushholme, Longsight, Disbury, Salford and Hulme. When February comes many students are looking for places to live for their next academic year, many of which cannot afford mortgages therefore renting is usually the only option. Due to the lack of student accommodation, rent prices approximately range from £40- £140 per person a week.

For investors with property in Manchester, this is like hitting the jackpot. With the expansion of the University and growing student numbers you’ll have the peace of mind knowing your investment continues to grow maintaining those great returns.