The Times has flagged up some of the UK’s leading cities as the best places in the country to live. Birmingham, Manchester and Liverpool all made it into the 2021 list, highlighting their importance in property investment terms.
“The Times’ Best Places to Live list always makes for interesting reading. Birmingham, Manchester and Liverpool are all popular property investment destinations due to the huge demand for rental homes in them, which is fundamentally linked to how pleasant the cities are to live in and the extent of the economic opportunities that they provide. We dive deeply into such factors in relation to every property that we offer to our investors, both in these three cities and elsewhere.”
Dale Anderson, Managing Director, Fabrik Invest
For Birmingham, the report expressed confidence that, “Britain’s second city will remain on an upward trajectory.” Its young, diverse population and the vast variety of experiences, eateries, communities and vibes across the city and its suburbs were all highlighted as important factors behind its position as one of the Midlands’ best places to live. With lots of options for good and outstanding schools for pupils of all ages, the city also presents plenty of opportunities for families, as well as for students, graduates and working professionals.
Over in Manchester – a city described as “a byword for energy, innovation” – there’s plenty of redevelopment underway to keep both residents and investors happy. Community creation is a key focus and one that plays into the city’s friendly atmosphere. Manchester is awash with independent shops, cafes, restaurants and music/artsy businesses. The city is also home to many distinctive neighbourhoods, meaning that investors have plenty of choice over their target rental audience.
Liverpool, meanwhile, was highlighted for its “welcome new burst of energy” and its cheerful resilience in the face of the pandemic. With a compact city centre that’s packed with everything you could need, as well as areas that range from green and leafy to dynamic and ultra-urban, Liverpool has plenty to suit differing investor preferences, as well as budgets.
In fact, all three cities are big wins when it comes to property prices. The February 2021 Zoopla UK House Price Index lists Manchester as enjoying the highest rate of property growth in the UK over the past year (at 6.6%), followed by Liverpool at 6.4%. Birmingham comes in at a respectable 4.5%. In affordability terms, Liverpool has the cheapest average property price of the three, followed by Birmingham and then Manchester.
The latter is the location of one of Fabrik Invest’s most popular investment opportunities: Michigan Towers. The exciting flagship development is delivering 375 contemporary apartments and town houses, along with an on-site gym and cinema. Located in the buzzing Salford Quays area of the city, the properties are located at the heart of MediaCityUK, Manchester’s international hub for technology, innovation and creativity Currently in the midst of a £1 billion expansion, it is the ideal location for such luxurious homes.