23/03/2026
The national headlines are cautious right now. RICS's March 2026 survey shows new buyer enquiries at -26% nationally, and the Iran conflict is keeping mortgage rates higher for longer.
But here's what the same data shows for the North West: firmer price trends, while London sits at -40% and the South East at -24%.
This isn't just sentiment. The numbers behind the NW opportunity are specific:
- Average NW rental yields: 8% (regional baseline, not outlier postcodes)
- HMOs in the NW: 8–10% gross, with Manchester's M14 hitting 9–10%
- Preston: 10%+ YoY rental growth, driven by student demand and employment growth
- NW average asking rents: £1,224/month with 7.2% yields — among England's strongest
- Savills forecast: 27.6% cumulative NW price growth by 2028 (5.5% in 2026, 6.5% in 2027)
- National rental supply: still 33% below levels from a decade ago, despite a 9% YoY improvement
And in Greater Manchester specifically, Andy Burnham has just announced a £1bn GM Good Growth Fund at MIPIM 2026 backing a £10bn pipeline of projects. Manchester is also on track for 600,000 residents by 2026, with the fastest employment growth of any major UK city at 1.8% per year.
The investors I work with don't need national confidence to be high. They need the fundamentals to be strong.
In the North West right now, they are.
If you're considering deploying capital into NW property in 2026 and want to understand where the specific opportunities are feel free to drop me a message.
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