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Manchester Rental Market

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Sell My House Quickly found another interesting article about properties in Manchester. Why the Manchester Rental Market is Thriving Post COVID-19?

Despite many businesses across the UK reporting a fall in activity due to Covid-19, the Manchester rental market is thriving.

In lieu of the market-facing setbacks, extra precautions have been put in place to help renters feel more secure.

Why the Manchester Rental Market is Thriving Post COVID-19Many tenancies are now offering 6-month rentals as opposed to 12-month rentals, allowing for more flexibility for both renters and landlords in the upcoming months. Rent guarantees also add an extra layer of security for more wary landlords.

With the Manchester rental market remaining largely unaffected by the pandemic, what can be predicted for the market going forward?

Luxury living no longer just involves a stylish apartment, it requires all the amenities that come with it. With flexible shifts and working from home becoming the new norm, buildings with co-working spaces, resident lounges, fitness facilities and rooftop gardens are sure to be more in demand than ever before.

A Growing Population

Manchester’s city centre population has been predicted to dramatically increase over the next few years from 60,000 to 100,000 by 2025*.

In summer 2019, there was a 117% spike in people choosing to move to Manchester alone.

This surge in popularity is fueled mostly by the ever-growing number of job opportunities in the city as more and more big businesses are choosing to open or move offices to the city centre.

Amazon hit the headlines earlier this year when they chose Manchester to open their first corporate office outside of London in the Northern Quarter’s Hanover Building, creating over 600 jobs.

With the city centre growing in popularity and population, a new wave of renters are sure to increase demand for more and more rental developments across the city to ensure that supply meets demand.

We found this article on Juliet Twist. Kindly click the link to read the full story.

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