CERT property, a leading developer and investment specialist in the North-West property market explains the reasons and trends behind Manchester becoming the most attractive
European property investment market.
1. Attractive location and value for money
Over the past year, CERT property has seen The Big Six (Manchester, Birmingham, Leeds, Bristol, Edinburgh and Glasgow) taking the centre stage in the property investment market whilst large companies moving away from overly expensive London and other European cities. Regional markets offer greater value than both London and comparable European cities. One of the property industry leading research and market data firm publications reports property transaction volume over £4.6 billion in 2018 in those areas.
Of the Big Six, Manchester has been the most successful in attracting large multinational companies to relocate or expand their presence in the city with 80 of the FTSE 100 companies and 50 international banks already having office space in the city. The city has also excelled in attracting businesses from high growth, knowledge-based sectors such as media, tech and telecoms with the likes of Amazon, BT, Booking.com and TalkTalk committing to nearly a million square feet of office space in Manchester over the next couple of years, proving the
attractiveness to multinationals, who see the opportunity by choosing Manchester area over anyplace else in the world.
This investment from businesses relocating to Manchester is not only driving strong demand in the commercial property market, but also residential property sector as the influx of high-growth businesses is leading to an influx of young professionals to the city.
2. Lower costs mean higher returns
CERT property believes that Manchester and regional cities offer fantastic returns to companies seeking reduction of overhead costs but also to individual and institutional investors which are able to achieve better value for their money when investing in the commercial or residential property market.
With prices lower than other comparable European cities, Manchester simply provides higher returns and has the potential to generate long term value growth.
Many international investors have seen the recent shift as an opportunistic window to invest in Manchester’s property market which resulted in the highest increase of foreign capital investment in the area to date.
Howard Lord, Managing Director of CERT comments: “ The cost of London and the South East has led many companies to make the choice to expand their businesses in well connected and vibrant regional cities, with our home city of Manchester leading the way in terms of attracting businesses from all over the world and providing market leading returns.”
3. Opportunity in areas of regeneration
One of CERT’s strengths is identifying investment opportunities in locations which provide strong drivers for growth over the long term. With Manchester city centre seeing a large price increase over the last few years, its suburbs provide a lower cost alternative for investors offering potential for future price growth. Many of CERT’s projects are located in developing areas with strong transport links and regeneration plans supported by the local councils. Investing in these areas, such as Old Trafford, which has a strong foundation as a desirable residential area with lots of amenities, some of the best schools in the city and three metrolink stops; or Anocats – the birthplace of the industrial revolution and recently voted one of the coolest places to live in the world, provides not only strong returns on investments but also help to shape a new landscape of the Greater Manchester areas.
CERT is a great believer in creating places that everyone can benefit from; delivering projects that not only generate strong returns to its investors but also creating places that people want to live and work.
If you wish to find out more about CERT, its projects and investment opportunities, please contact our dedicated Investor Relations Manager, Kora Kubowicz, by calling us on +44 (0)161 806 0015 or emailing email@example.com
We’ve been shortlisted in the Insider Liverpool City Region Property Awards 2021, in the Property Deal of the Year Category, for our acquisition of Elevator Studios.