The Growth of Airbnb in Manchester

Manchester has emerged as a thriving market for Airbnb rentals, driven by its dynamic cultural scene, robust business environment, and large student population. With a significant increase in Airbnb listings over the past decade, the city has become a prime destination for short-term rental investments. This blog explores the growth of Manchester’s Airbnb market, its impacts, and the opportunities it presents for investors.

• Manchester’s Airbnb market saw a 226% increase in listings between 2016 and 2020, with continued growth reaching 6,190 active rentals by 2024.
• Popular neighborhoods for Airbnb rentals include the city centre, Ancoats, and Salford Quays, while areas like Levenshulme and Gorton are gaining traction.
• Short-term rental growth has boosted property investment but raised concerns about housing availability for local residents.
• CasaCity can assist investors in identifying lucrative Airbnb opportunities in Manchester.

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Manchester’s Airbnb listings have grown exponentially, reflecting the city’s increasing appeal to both domestic and international visitors. From 865 listings in 2016 to 6,190 by 2024, the city’s Airbnb market is flourishing. Several factors have contributed to this growth:

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• Tourism and Culture: Manchester’s industrial heritage, iconic music scene, and events like Manchester International Festival and Pride attract millions annually.
• Business Travel: As a major business hub, Manchester hosts conferences and corporate events, creating demand for short-term accommodation.
• Student Demand: With a large university population, students and visiting families often seek affordable and flexible housing.
• Regeneration Projects: Ongoing developments like the Northern Gateway and Co-op Live arena have revitalised areas, creating new Airbnb opportunities.

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Investors looking to enter Manchester’s short-term rental market should consider these key areas:

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• City Centre: With proximity to transport links and major attractions, the city centre consistently ranks as the top choice for Airbnb guests.
• Ancoats: Known for its trendy dining scene and converted warehouses, Ancoats offers high rental demand and appreciation potential.
• Salford Quays/MediaCity: Home to major media companies, this area attracts professionals and offers strong rental yields and capital growth.
• Levenshulme: Named one of the best places to live, this emerging neighborhood boasts affordability, excellent transport links, and a vibrant community.
• Gorton: With average property prices of £185,240 and yields of 7.8%, Gorton is an up-and-coming hotspot for investors seeking high returns.

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• High Yields: Neighborhoods like Gorton and Salford Quays deliver competitive rental yields, appealing to investors prioritising cash flow.

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• Tourism Growth: Manchester’s growing popularity as a tourist destination guarantees steady demand for short-term rentals.
• Regeneration Benefits: Investments in infrastructure and entertainment venues enhance the appeal of surrounding areas.

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• Flexible Pricing Strategies: Short-term rentals allow investors to adjust rates dynamically based on seasonality, local events, and demand, maximising income potential throughout the year.

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• Corporate Let Opportunities: Manchester’s status as a business hub creates demand for high-quality short-term rentals catering to corporate travellers attending conferences, meetings, and relocations.

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• Event-Driven Demand: Major events such as Manchester International Festival, football matches, and concerts create surges in demand, providing opportunities for premium pricing.

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• Rising Popularity of Staycations: With more domestic travellers seeking local getaways, areas outside the city centre, such as Levenshulme, are becoming attractive for short-term rental options.

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• Diverse Tenant Pool: The mix of students, professionals, tourists, and families ensures year-round demand across different types of properties and locations.

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• Property Appreciation Potential: Continued regeneration and development projects, such as Co-op Live and the Northern Gateway, boost property values in the surrounding areas, offering long-term capital growth alongside rental income.

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At CasaCity, we provide comprehensive support to help investors maximise their returns in Manchester’s booming short-term rental market. Our services include furnishing your investment property to appeal to guests, ensuring a high-quality and attractive setup. We also offer expert property management, handling everything from marketing and guest communication to cleaning and maintenance. By offering end-to-end investment support, we enable investors to focus on their financial goals while we manage the day-to-day operations, ensuring a seamless and profitable rental experience.

Manchester’s Airbnb market presents an exciting opportunity for property investors. With strong tourism, ongoing regeneration, and high rental yields, the city offers a promising environment for short-term rental investments. By choosing the right property and working with CasaCity, investors can tap into Manchester’s thriving short-term rental market and achieve long-term success.