Manchester Property Prices Growing The Fastest In The UK

Published: 29th March 2017

Over the past few years Manchester has been the investors favourite due to developments offering some of the highest yields in the UK. With the average growth of 8.8%, Manchester has now been recorded to have the fastest property price growth in the UK.

Opposed to this, price rates in London have dipped below the countries average to 5.6%, which is the lowest growth since 2013. The average house price in London is approximately £490,000 whereas, the average house price in Manchester is £152,000, resulting in the capital being ranked tenth overall.

Manchester is closely followed in the rankings with, Portsmouth (8.1%), Bristol (8%), Glasgow (7.7%) and Birmingham (7.4%) making the top five locations. Statistics also showed sale volumes over the last three years in Manchester and Liverpool increasing by more than 40%, generating huge investor demand in the cities.

Overall, with the number of sold homes continuing to increase, Manchester job market and low mortgage rates are continuing to improve and thrive investors interest. If you would like more information on our property portfolio in Manchester, don’t hesitate to contact us today on 0161 337 3890 or email enquiries@pureinvestor.co.uk.

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