Property News Feed
Buy a Bargain
Manchester properties 'experiencing rent decreases'
15/06/2009
Tenants in north-west locations like Manchester are experiencing cheaper rents, it has been revealed.
Figures produced by findaproperty.com and cited in the Guardian suggest that rents in the region are down by an average of 15.7 per cent compared with the same period last year.
The typical monthly rent paid by tenants was identified as £580.
Commenting on the increasing trend of affordability, 25-year-old renter Christopher Brown-Colbert said: "There's so much choice. When I first rented in Manchester five years ago I was shown just two flats and had to snap up one of them.
"Now there are scores to see, each with incentives."
He added that there is now more choice than ever and it is possible to trade up to a bigger home.
Along with his flatmate, he occupies a two-bedroom property which is located in the Castlefield area of the city.
Once derelict, Castlefield has been transformed into a upmarket district comprising offices, flats, bars and other attractions.
THINKING OF INVESTING IN PROPERTY IN MANCHESTER?
Residential Property In Manchester
Click here to register for ALL residential property for sale in Manchester.
or click here to register for ALL residential property to let or rent in Manchester.
Manchester Commercial Properties
Click here to register for ALL commercial property for sale in Manchester.
or click here to register for ALL commercial property to let, rent or lease in Manchester.
Bookmark with:
Delicious
Digg
Reddit
Facebook
StumbleUpon
(What are these?)
Social bookmark links
The social bookmark links enable you to share content you find on our site with other users who may find it of interest. If you have an account with any of these sites, just click the link to instantly share this feature with other users or alternatively you can sign up for any of them in a matter of minutes for free. For more on social bookmarking you can read the Wikipedia article.