Published: 2nd September 2019
Arguably the driving force behind Manchesters commercial renaissance in recent years has been the impressive redevelopment work which has been taking place at Salford Quays.
Once one of Manchesters most unloved areas, Salford Quays was synomymous with urban decay and depravation throughout the 1980's and 1990's.
Today however, Salford Quays is very much at the forefront of property investment in Manchester, and is home to some of the UK's leading international companies including the BBC, BUPA, ITV and Kelloggs.
In total, an exciting mixture of over 200 companies call MediacityUK their home, which has understandably led to an increased demand for rental accommodation throughout the wider Salford area.
Recent years have seen an increased number of high profile property developments being launched in the Salford Quays and MediacityUK area.
Some of the more popular ones include Mediacity, the huge four tower development which overlooks the waterfront, Bridgewater Wharf, Manchester Waters and The Gateway.
Key to the demand for buy to let property in Salford Quays is the lower property prices on offer when compared with Manchester city centre.
These lower prices currently offer investors the opportunity to capitalise on the higher yields on offer throughout Salford Quays and Mediacity, which still benefitting from the increasing demand for rental accommodation due to increased employment in the immediate area.
With increasing numbers of corporations still looking to relocate to Salford Quays, it is likely that the demand for rental accommodation in the immediate vicinity is likely to remain robust for the foreseeable future.
If you are currently considering purchasing a buy to let property in Salford Quays, and would like to find out more information about our range of investment properties in the area, why not contact us today on Tel: 0161 537 2727 or firstname.lastname@example.org for further information?