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particularly with a post-Covid shift back to city-centre living. Manchester experienced the second highest rental growth of the UK cities, with an annual increase of 13% (Zoopla). Most of our properties are let within a week, and we are noticing tenants are staying longer and renewing more. Renters in Manchester are spending an average of 25% of their income on rent (Dataloft Rental Market Analytics, March to May 2023). Assuming a renter affordability threshold of 30%, renters are currently within their affordability limits. Location is of top importance, with outdoor space or home working space a nice-to-have.

strong rental market. Houses continue to provide the best medium to long-term investment. Good advice is key in supporting landlords through a changing environment and making their investment work hard.

Rental Affordability

The rental market remains largely in the same place as the start of the year, with supply down and demand high,

Attractive yields

7.3% Average £sqft gross yield for 2-bed apartments in Manchester Local Authority

March to May 2023

Birmingham and West Midlands

Our heart of England branches cover Birmingham, and from Cannock down to picturesque villages on the Cotswolds border.

Acquisitions in the past 2 years

Birmingham and West Midlands