May 6, 2008
Manchester Property Investments - Boom Time Ahead?
Great news today reported by Manchester Metropolitan University for those who have bought investment properties in Manchester. Record numbers of graduates are choosing to reside in the Greater Manchester area following graduation.
The number of MMU gradutes staying in the city has risen from 65% in 2006 to 68% in 2007. In 2007 allone 6,290 graduates chose to stay on.
This is fantastic news as guess where these people will choose to live? Three guesses??
Couple this with the 3 other universities in the area: UMIST, Manchester University & Salford university - what do you think this will do for demand for rental property in Manchester?
Do these people want to live near they work? Do they want to communte? Will they want to rent?
What's Your answer?
They want to take advantage of living and working in the city!!
MMU stated that it believes more than 9,000 graduates a year will stay on if the conditions are right. As I have been saying for the last 5 years this is still an excellent time to invest in property provided you are in it for the mid-long term
