Manchester landlords have something to cheer about

Published: 24/03/2014

United may be struggling but Manchester is top of the league when it comes to rental growth, new research has revealed.

The figures released by property franchise company, Martin & Co, have come from the 2011 Census and show that Central Manchester saw its private rental numbers triple from 4,145 in 2001 to 17,669 in 2011.

Glasgow also experienced a significant rise in the number of private rental properties coming to market, with many citing this growth as a result of its status as Commonwealth Games’ host.

Harrogate and Brighton were the only areas to experience a decline in private renting. Yet even with the dip, Brighton remains one of the UK’s biggest private rental markets.

Rob Denman, Head of GW LET, comments:

“Undoubtedly the expansion of the BBC’s Media City has played some part in the uplift in Manchester’s private rental market, just as the Commonwealth Games has had on Glasgow’s.

“This information is really useful to landlords thinking about expanding their property portfolio. Should this be the case, we can help you with your conveyancing - remember Premier Client Club members are entitled to a 25% discount off our fees^.

“And for all new properties and tenancies, Landlord Hero can be an incredibly useful tool. It’s a free service that allows landlords to upload and store all their property and tenancy details as well as create free tenancy agreements, generate free inventories and track rent payments.”

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Top 10 areas for growth

  PRS 2011 Census PRS 2001 Census Growth (%)
Manchester Central 17,669 4,145 326.27%
Glasgow City 12,290 5,746 113.89%
Gosport 5,777 2,730 111.61%
Bristol Kingswood 7,894 3,754 110.28%
Newport 11,860 5,790 104.84%
Stratford 12,654 6,238 102.85%
Birmingham Harborne 15,590 7,717 102.02%
London Bridge 10,321 5,127 101.31%
Widnes 5,982 2,986 100.33%
East Kilbride 5,744 2,955 94.38%

^Excludes VAT and disbursements

Content correct at time of publication

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