# London’s buy-to-let pain has become Manchester’s gain says Jean Liggett  Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2017-08-24 Category: LIFESTYLE Category URL: https://financedigest.com/category/lifestyle Meta Title: Is London fading away? Exploring UK's buy-to-let market Meta Description: Discover why Manchester has become a top choice for property investors as London's market declines. Salford Quays, with strong growth and regeneration URL: https://financedigest.com/londons-buy-to-let-pain-has-become-manchesters-gain-says-jean-liggetthtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/fd240817-7-1736843585165-compressed.jpg) It’s fair to say that uncertainty has been the order of the day in the UK’s buy-to-let property market at the hands of government for the past year. 2016’s shock Brexit decision followed by a hung parliament this year combined with stamp duty hikes, the removal of mortgage interest relief and imminent introduction of tougher lending criteria for portfolio landlords has created an aura of uncertainty and caution in the buy-to-let market. The UK’s capital, the ever-shining star of London seems to also be fading with house prices down 0.6% and private rental prices behind the national 12-month growth rate according to the latest ONS data. ![Jean Liggett](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/jean-liggett-1736843585035-compressed.jpg) Jean Liggett So, has the last 12 months permanently dampened the appeal of the UK buy-to-let market? Should buyers be investing their funds elsewhere? Critics are divided. The uncertainty that the UK buy-to-let market has experienced over the past year has undeniably [impacted investor](https://www.financedigest.com/four-ways-impact-acts-as-a-source-of-value-for-startups-and-investors.html "Four ways impact acts as a source of value for startups and investors") confidence but it seems to be primarily aimed at London. With interest rates remaining so low, [investors still see](https://www.financedigest.com/analysis-weary-investors-see-little-respite-to-fed-hike-gloom.html "Analysis-Weary investors see little respite to Fed hike gloom") the merit in purchasing bricks and mortar but those seeking maximum returns in 2017 are increasingly looking at other areas than the Capital. By [keeping an eye on regeneration plans](https://www.financedigest.com/e-on-casts-doubt-on-german-plan-to-keep-nuclear-plants-on-standby.html "E.ON casts doubt on German plan to keep nuclear plants on standby") and new transport links, it is still possible to find great areas to invest in. **Jean Liggett, CEO,** [**Properties of the World**](http://r20.rs6.net/tn.jsp?f=001mygmemEt5AgIPBULsp3HxV-Is9-gkbvLMwruqFSa63mI9n4uHZXqSlUsdUhTLAabTizqQZmQU7sAtKXBMkp9fJnxBMZs5rMdUHk9P0A5SP5TUYcL_96vLGqxZjACgFYrFia7MzlSSIppmXVcFPxgusUPoj_C9rhgcm2Sx2BP1YXXA-fsO135WjZNOCnVAS2aKiTj4l4X01qzN2NVoXZS6GcEDJqqcdJdQ8YLXMwpRWYB02OnQZNhFhpGcPglZdiFg6H8e5c_SyVmPqh7RfQf6ZshMYL1BQcUGnbsl18RYok=&c=yiL9j-ouO7Ry1d-RMHk0-xOG-lw-4JFWgl7cnMqBKFl-_BEJOmKI7w==&ch=6VtkhlB0WLusQlssCQpfKKwxdqGe8HeVlTiEBaadkFbN_ciSlgfsIA==) Indeed, despite splutters in the London buy-to-let market, buoyant [activity is being witnessed](https://www.financedigest.com/the-plant-activators-market-to-witness-steadfast-growth.html "The Plant Activators Market To Witness Steadfast Growth") in other parts of the UK. Greater Manchester has [become a key destination for property](https://www.financedigest.com/property-letting-could-become-a-legal-minefield.html "PROPERTY LETTING COULD BECOME A LEGAL MINEFIELD") investors and thanks to its strong demand from buyers and renters alike, the city continues to register a strong house price growth rate of 6.7%, according to Hometrack. _**“As we have seen the capital’s [market decline](https://www.financedigest.com/global-hid-ballast-market-expected-to-decline-with-a-cagr-of-9-8-in-the-coming-decade.html "Global HID Ballast Market Expected to Decline with a CAGR of -9.8% in the Coming Decade"), other UK cities have stepped up and taken its place. London’s buy-to-let pain has become Manchester’s gain!”**_ _**Jean Liggett, CEO,**_ **_[Properties of the World](http://r20.rs6.net/tn.jsp?f=001mygmemEt5AgIPBULsp3HxV-Is9-gkbvLMwruqFSa63mI9n4uHZXqSlUsdUhTLAabTizqQZmQU7sAtKXBMkp9fJnxBMZs5rMdUHk9P0A5SP5TUYcL_96vLGqxZjACgFYrFia7MzlSSIppmXVcFPxgusUPoj_C9rhgcm2Sx2BP1YXXA-fsO135WjZNOCnVAS2aKiTj4l4X01qzN2NVoXZS6GcEDJqqcdJdQ8YLXMwpRWYB02OnQZNhFhpGcPglZdiFg6H8e5c_SyVmPqh7RfQf6ZshMYL1BQcUGnbsl18RYok=&c=yiL9j-ouO7Ry1d-RMHk0-xOG-lw-4JFWgl7cnMqBKFl-_BEJOmKI7w==&ch=6VtkhlB0WLusQlssCQpfKKwxdqGe8HeVlTiEBaadkFbN_ciSlgfsIA==)_** Due to its proximity to both MediaCityUK and Manchester city centre, Salford Quays in particular is [leading the way when it comes to buy-to-let growth](https://www.financedigest.com/chromatography-accessories-and-consumables-market-booming-demand-leading-to-exponential-cagr-growth-by-2023.html "Chromatography Accessories and Consumables Market Booming Demand Leading to Exponential CAGR Growth by 2023"). 2017 marks 10 [years since major transformation](https://www.financedigest.com/signal-transformer-market-one-the-most-booming-industry-in-upcoming-years-due-to-global-demand-in-industry-by-2027.html "Signal Transformer Market| One the Most Booming Industry in Upcoming Years Due to Global Demand in Industry by 2027") began in the area, kick started the BBC’s decision to move many of its jobs from London to Salford Quays. This £650m regeneration project has boosted the area’s credentials for buy-to-let [investment](https://www.financedigest.com/why-are-investors-checking-out-of-uk-buy-to-let-and-checking-in-to-hotel-investment.html "WHY ARE INVESTORS CHECKING OUT OF UK BUY-TO-LET AND CHECKING IN TO HOTEL INVESTMENT?") and Manchester has ascended to one of the top 10 buy-to-let areas in the UK according to a recent report by LendInvest. The latest HM Land Registry data paints a positive picture for Salford with a 5.9 % growth in [house prices](https://www.financedigest.com/uk-house-prices-show-unexpected-strength-in-october-nationwide.html "UK house prices show unexpected strength in October: Nationwide") recorded between June 2016 and June 2017. Whilst savvy investors will be watching with glee as news of more A grade office space is being snapped up in Manchester (law firm Freshfields Bruckhaus Deringer is taking space in Salford) indicating a thriving local economy and [growing rental housing demand](https://www.financedigest.com/wi-fi-semiconductor-chipset-market-gain-impetus-due-to-the-growing-demand-over-2015-2025.html "Wi-Fi Semiconductor Chipset Market Gain Impetus due to the Growing Demand over 2015-2025"). Jean Liggett, Founder and CEO of investment agency [Properties of the World](http://r20.rs6.net/tn.jsp?f=001mygmemEt5AgIPBULsp3HxV-Is9-gkbvLMwruqFSa63mI9n4uHZXqSlUsdUhTLAabTizqQZmQU7sAtKXBMkp9fJnxBMZs5rMdUHk9P0A5SP5TUYcL_96vLGqxZjACgFYrFia7MzlSSIppmXVcFPxgusUPoj_C9rhgcm2Sx2BP1YXXA-fsO135WjZNOCnVAS2aKiTj4l4X01qzN2NVoXZS6GcEDJqqcdJdQ8YLXMwpRWYB02OnQZNhFhpGcPglZdiFg6H8e5c_SyVmPqh7RfQf6ZshMYL1BQcUGnbsl18RYok=&c=yiL9j-ouO7Ry1d-RMHk0-xOG-lw-4JFWgl7cnMqBKFl-_BEJOmKI7w==&ch=6VtkhlB0WLusQlssCQpfKKwxdqGe8HeVlTiEBaadkFbN_ciSlgfsIA==) is convinced of the merits of Manchester with her latest buy-to-let offering to investors launching this week. [Manchester Waters](http://r20.rs6.net/tn.jsp?f=001mygmemEt5AgIPBULsp3HxV-Is9-gkbvLMwruqFSa63mI9n4uHZXqSlUsdUhTLAabTizqQZmQU7sAtKXBMkp9fJnxBMZs5rMdUHk9P0A5SP5TUYcL_96vLGqxZjACgFYrFia7MzlSSIppmXVcFPxgusUPoj_C9rhgcm2Sx2BP1YXXA-fsO135WjZNOCnVAS2aKiTj4l4X01qzN2NVoXZS6GcEDJqqcdJdQ8YLXMwpRWYB02OnQZNhFhpGcPglZdiFg6H8e5c_SyVmPqh7RfQf6ZshMYL1BQcUGnbsl18RYok=&c=yiL9j-ouO7Ry1d-RMHk0-xOG-lw-4JFWgl7cnMqBKFl-_BEJOmKI7w==&ch=6VtkhlB0WLusQlssCQpfKKwxdqGe8HeVlTiEBaadkFbN_ciSlgfsIA==) in Salford Quays is comprised of five phases and a total of more than 500 apartments, ranging from studios to three beds. All properties will be furnished to the highest standard, and most will benefit from the spectacular view of the waterfront. The location of this development is unparalleled, with two Metrolink stops located within a 5-minute walk, residents can reach Manchester’s city centre with ease. Additionally, with Manchester Waters being situated right in the heart of Salford Quays, home to MediaCityUK, it is perfectly placed to [house local workers and students](https://www.financedigest.com/why-student-housing-has-been-propelled-into-the-mainstream.html "Why Student Housing has Been Propelled into the Mainstream") attending the nearby university campus. Apartments are available to purchase from just £109,995 for a spacious studio apartment and returns of 6%. --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---