Manchester landlords have something to cheer about
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^.
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Top 10 areas for growth
|PRS 2011 Census||PRS 2001 Census||Growth (%)|
^Excludes VAT and disbursements
Content correct at time of publication