Naturally, investors interested in student property will need to keep a close eye on the student population of a city.
After all, the higher the student population, the more demand for student property in the region.
Luckily for investors, Manchester’s student population is one of the largest in all of Europe.
With over 100,000 students in the Manchester region, student investment property in Manchester regularly proves hugely popular.
A report from Zoopla in 2020 found that demand for property in Manchester outweighs supply by 5:1.
This is also seen in the student market, with a Savills report finding that in the UK, full-time students outweigh available beds by 3:1.
These numbers are incredibly beneficial for student property investors in Manchester, as it almost ensures that demand will be huge for a purchased student investment property in Manchester.
What’s truly significant about these high numbers is that there is a huge number of international students.
In late 2020, over 7,000 Chinese students flew into Manchester to study, while the overall reported number of international students in Manchester universities is around 20,000.
The fact a large number of students in Manchester are Chinese is important, as studies show Chinese students are far more likely to rent purpose-built student accommodation – 2.2 times more likely according to Savills.
This international reputation as a student city has been carefully cultivated by Manchester.
The city is the third most visited city by international tourists in the UK, and is one of the most linguistically diverse locations in all of Europe with over 200 languages spoken, according to Study in Manchester.
Factoring in this huge population and their preference of PBSA, which is often the most popular and highest returning type of student property, student investment property in Manchester is a clear choice for prospective investors.