Price of renting in city centre rising faster than anywhere outside London

The increase has been fuelled by the continued demand from young professionals and both international and domestic students alongside a significant reduction in supply

The cost of renting an apartment in Manchester city centre has increased by almost 20% over the last year, according to a new report.

Manchester also saw its average annual rental growth of three-bedroom properties outperform one- and two-bedroom homes at 33%. Steve Hogg, head of UK residential regions and North West, said: "Manchester continues to attract significant amount of inward investment, students and young professionals, looking to make the city their home.

Louise Emmott, managing director at Kingsdene, added: "Over the past few years we have seen enquiries for properties in the city centre across both sales and lettings rise dramatically.

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