Jump to content
House Price Crash Forum
Reality

Manchester Buy To Let

Recommended Posts

I am interested in any views / insight in respect to the existing supply and future supply of city centre new build buy to let flats in Manchester.

I have been a long term property bear, to my expense, but now see an apparently bullish argument for Manchester:

- Devolution

- Regeneration / Development

- Low interest rates (not going anywhere soon)

- Limited supply

- Prices apparently at 2007 levels.

- Forecast job creation in Manchester city centre

I would appreciate any local views (dissenting or otherwise).

Thanks in advance.

Share this post


Link to post
Share on other sites

The North West has the lowest employment growth rate in the whole of the UK... The North West is the new North East

Share this post


Link to post
Share on other sites

I know a couple who bought 3 buy to let's in Manchester in 2007.

I told them not to, then the crash came.

Thankfully they are still talking to me, they're not talking to each other though, the bankruptcy and subsequent divorce saw to that.

Buying over priced property in a post industrial northern city at the point of collapse of a pre election engineered bubble, IMHO, huh interest rates at rock bottom, China collapsing and Greece possibly about to cause credit crunch 2, you'd need to be ###### insane.

This is just my opinion. You are am adult, do your research, make your decision then live with it.

Let us know how Mt get on. :lol:

Edited by TheCountOfNowhere

Share this post


Link to post
Share on other sites

The centre of the Northern Power House so prices will soar. Buy now, don't miss out.

The BBC has moved there everyone will be told prices will soar!!!

those well paid BBC jobs are all secure so plenty willing to pay over the odds for a house...

Edited by TheCountOfNowhere

Share this post


Link to post
Share on other sites

If you're going to btl, isn't it better to go for somewhere like Burnley or Blackburn? Costs are lower and plenty of state aided renters.

Share this post


Link to post
Share on other sites

This looks a very good development

http://www.ipglobal-ltd.com/en/investors/property-portfolio/assembly/

No chance of a significant rate increase in the near term (5 years at least, irrespective of recent noise from Yellen). Decent yield, and a good play against the inflation that will hit when things really go south.

They must be flying off the shelves if they are advertising them in the USA buy now before you miss the boat

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   1 member has voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.