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Channel 4 Move 'Could Channel Manchester's Buy-to-let Market', Says Property Expert
There's no secret it's a reluctant move; but Channel 4's new second HQ could boost its nationwide coverage and give yet more impetus to Manchester's booming buy-to-let market, says InvestorSquare.
InvestorSquare founder Ross Kelly says: 'Manchester is one of the hot favourite places to become host to C4's new HQ, which will see at least 300 of the station's 800 staff, and their families, relocate to the chosen city. Manchester is already experiencing a 7.53% average rental price growth as the city booms in confidence and this influx of talented professionals would further boost the thriving buy-to-let market.'
Explains Ross: 'C4 is about to invite pitches from places across Britain, and Manchester is a strong contender. It has fast become one of the coolest UK cities to live in, with an enviable mix of culture, education and business. Of course, the city has always been home to successful media organisations such as Granada: home of 'Corrie' and Sherlock Holmes. Now, as well as ITV Granada, the BBC has moved in to MediaCity in Salford in a big way.'
Continues Ross: 'Many of 'Aunties' most popular TV and radio shows are now based in Manchester, and the city is now where a lot of the nation's creative talent prefers to live. Young professionals are attracted by the business and creative hubs, and of course provide attractive buy-to-let opportunities for investors. Channel 4 is going to be extremely tempted by the pool of talent and facilities already available in Media City. The breadth of properties available for letting will also doubtless be a strong factor in the city's favour as the channel seeks to relocate key staff.'
Ross reveals 'Manchester has already moved into the premiership league in buy-to-let investments:
Ross Concludes: 'InvestorSquare has identified a number of post codes and lettings hotspots that should have potential investors united about Manchester's buy-to-let market. For example, properties near its popular tram routes are always in demand.' You can discover Investor Square's six key pointers to successful Manchester buy-to-let investing at: https://investor-
David Jinks InvestorSquare