Besides London, Manchester is another hotspot for property investments in the United Kingdom. Manchester is located at the center of England, highly assessible to London and other major European cities.
Manchester's population and infrastructure developments such as the £800 million, 20-acre redevelopment scheme NOMA and Atlantic Gateway project have been increasing rapidly in recent years. The population of Manchester has increase by 20% over the past 10 years. Since the speed for house building has not been able to catch with the population growth, Manchester has become a hotspot for property investments. Reports from HSBC suggest that Manchester's buy-to-let properties are one of the best investment choices with the average interest rate at 7.6%.