Appreciating every home across South Manchester

New report shows the North West rental market remains resilient, with rental prices increasing by 4% in early 2026Manchester continues to be one of the UK’s most popular regions for renters, with rents currently averaging £1,101 per calendar monthMomentum returns to the sales market in the North West during Q1, with valuations up nearly 50% A report released today from some of the North West region’s leading lettings and estate agencies, Thornley Groves and Julian Wadden in Manchester, and Homesure in Liverpool, reveals average rents in the North West increased by 4% in Q1 2026.  Manchester continues to be one of the UK’s most popular regions for renters, especially with the growing population of young professionals, with rents currently averaging at £1,101 per calendar month (pcm). As the UK’s third largest urban area, Manchester continues to offer landlords a strong investment case. Rental growth remains steady, while comparatively lower entry costs and fewer barriers make the market more accessible than other areas.The Renters’ Rights Act has not significantly changed tenant behaviour and there is still a clear focus on the condition, quality and location of the homes they choose to rent, with increased supply giving renters more choice and time to make informed decisions. The completion of several Build-to-Rent (BTR) developments in Manchester city centre is influencing the wider market, raising standards and shaping expectations across suburban locations, particularly in terms of specification and finish.There is visible momentum in the sales market in the North West, with valuations up nearly 50% and instructions up 37% compared to Q4 2025. Demand remains, and correctly priced properties continue to perform well. Many are achieving multiple offers, with some progressing to best and final bids above asking price. In addition, there is increasing demand for properties requiring renovation, as buyers look to add value and hold assets for longer-term growth.Keeley Child, Director of Property Management, North West: “2026 so far has seen the lettings market return to a more stable and balanced position, with activity settling into a more consistent rhythm.Tenants in the North West have a degree of choice, and landlords here are seeing plenty of investment opportunities. In the sales market, both buyers and sellers are acting confidently and decisively.”For further information or to download the full report, please visit: Lomond Quarterly Insights Spring 2026.

The first half of 2026 has seen considerable change to the private rental sector with the implementation of the Renters’ Rights Act (RRA), and with more changes down the line, there is a lot of misinformation and speculation making the headlines.Now that the new legislation is in place, both landlords and tenants must educate themselves on what it means in practice. Our team dispel the top five misconceptions around renting:Myth one: Landlords can no longer evict tenantsWith the introduction of the RRA, we have seen many new rules, but the myth that landlords can no longer evict tenants is not the case.Landlords can evict tenants; they just can't evict using a Section 21 no-fault eviction anymore. A landlord must rely on valid grounds under Section 8, for example if a tenant is repeatedly falling behind on rent payments or displaying anti-social behaviour.  Both landlords and tenants can reach out to their letting agent to check their rights should an eviction occur.  Myth two: Relationships between landlords and tenants are only transactional  Caring about properties is hugely important in this industry, but systems, processes and expertise are also essential when helping prevent problems for the landlord, tenants and the property. This is why many landlords will enlist the help of an expert agent.  When letting agents are involved, it is easy to assume that the experience between a landlord and tenant might be more transactional or distant, but that’s not the case.The best agents, for both renters and landlords, prioritise clear communication, honest expectations and making things feel straightforward from start to finish. Good management should make the whole process more transparent and easier to navigate for everyone involved.Myth three: Landlords can increase the rent to whatever price they want The reality is that the RRA means rent increases aren’t a free for all. Landlords can generally only increase the rent once a year using the correct legal process and any increase must reflect the market rate for similar properties in the area.If a tenant believes that an increase in their rent is excessive, they have the legal right to challenge it through a tribunal. You can find guidance for this on the Gov.UK website.  Myth four:  Tenants shouldn’t report issues in case it causes problems with the landlordIt’s your right and responsibility as a tenant to raise any issues and concerns with your landlord or letting agent. Small issues often go unreported until they become much bigger and more expensive issues. Most of the costly repairs often start out as easy and cheap fixes.Tenants, landlords and letting agents should prioritise communication so that any issues are resolved quickly and smoothly.  Myth five: Rental properties are no longer a good investment for landlordsWhile costs have changed, landlords can still see solid returns when properties are priced appropriately, well maintained and managed properly. Earlier this year, we released our latest Quarterly Insights Report revealing that the average rents are rising year on year.  Rental income combined with long term property value growth, can still make letting worthwhile financially. For renters, this often means better quality homes and more stable tenancies because when landlords are thinking long term, they are more likely to invest in the property rather than quick wins. With the RRA now implemented, tenants can feel more secure when renting.  Read the report here.  To concludeAmongst all the recent changes, property continues to be one of the most dependable ways to build long-term wealth, with new legislation making renting more secure for both landlords and tenants.  However, as new legislation is implemented and the landscape becomes more complex, it is more important than ever for landlords and tenants to engage with local experts who are best placed to advise whatever the situation.  If you have any questions, contact the team.