Manchester, United Kingdom
Property prices · 2024 · Europe
Property price trend in Manchester (2024–2026)
Property comparison — cities in United Kingdom (2024)
| City | Centre /sqm | Outside /sqm | 1-Bed Rent | vs Manchester |
|---|---|---|---|---|
| Manchester | GBP 4,500 | GBP 2,800 | GBP 1,300 | — |
| London | GBP 12,500 | GBP 7,200 | GBP 2,200 | +177.8% |
| Edinburgh | GBP 5,200 | GBP 3,200 | GBP 1,400 | +15.6% |
| Bristol | GBP 4,800 | GBP 3,000 | GBP 1,350 | +6.7% |
| Birmingham | GBP 3,800 | GBP 2,400 | GBP 1,100 | -15.6% |
| Leeds | GBP 3,200 | GBP 2,000 | GBP 1,000 | -28.9% |
Other Europe cities (2024)
Frequently asked questions
How much does property cost in Manchester in 2024?
In Manchester, the average price per sqm in the city centre is GBP 4,500, and GBP 2,800 outside the centre (2024 data). Prices have risen 6.5% since 2024.
How much is rent in Manchester in 2024?
A 1-bedroom apartment in Manchester rents for approximately GBP 1,300 per month in 2024. A 3-bedroom apartment costs around GBP 2,000/month.
Is it better to buy or rent in Manchester?
Buying and renting are roughly comparable in Manchester. The price-to-rent ratio is 19.0x — it would take approximately 19.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 4.50%.
What are mortgage rates in United Kingdom in 2024?
The average mortgage rate in United Kingdom is approximately 4.50% as of 2024. With a price-to-rent ratio of 19.0x, buyers should carefully weigh mortgage costs against rental savings.
What is the price per sqm in Manchester?
The average property price per square metre in Manchester city centre is GBP 4,500 in 2024. Outside the centre, expect to pay around GBP 2,800/sqm.