A long-term view

Appetite remains

Throughout our region, activity is steady across all price points, with Manchester’s high levels of employment and investment keeping the market afloat, despite recent turbulence. Demand is high in the suburbs for properties between £300-£400k, and apartments in the city remain popular. Rising costs mean well-insulated, energy-efficient properties are increasingly in demand. Multiple viewings and offers are still occurring for high quality properties priced correctly, with around two out of three of our properties agreed at above asking prices. However, realism by vendors is critical as buyers are particularly diligent about price point.

Long-term investment

With mortgage volatility and increasing legislation, we are seeing some landlords in the city selling up, and fewer new landlords registering. The landlords exiting tend to be those with only one or two properties, who are concerned about increasing costs and legislation in the sector.

Professional landlords are still taking the opportunity to buy at good prices, with good yields, supported by the