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Manchester’s Property Success Spills Into Neighbouring Areas

LATEST NEWS | 13.10.2017

Manchester’s popularity amongst home buyers is at an all time high, with its success spilling out into neighbouring areas.

The average house price has increased by 6.4% across Greater Manchester, but the most significant growth is demonstrated in Bury and Salford.

Bury has been crowned one of the UK’s property hotspots and the average house price has risen from £150,148 in 2016 to £169,750.

Thanks to an increasing number of restaurants, bars and boutiques opening up in the area, professional couples who may previously have chosen to move to Didsbury and Chorlton are now opting for places like Prestwich and Ramsbottom.

Bury council leader Rishi Shori says: “I think part of the reason we are seeing rising house prices is that Bury is becoming one of the best places to live in the country.

“We have a mix of urban and rural areas. Towards the north you have Ramsbottom and Holcombe Hill and as you move towards Manchester there is Prestwich and Whitefield.

“Bury also has a lot of great schools for families and good transport links, with the motorway and Metrolink to Manchester.”

Meanwhile, Salford has seen an 8.4% rise since July last year, with many thanking the BBC’s move to Media City for an increase in demand for properties in the area.

How average house prices have changed across Greater Manchester between July 2016 and July 2017:
  • Bury £169,750 (+13.06%)
  • Salford £154,415 (+8.44%)
  • Tameside £139,547  (+8.4%)
  • Manchester £161,802  (+6.92%)
  • Stockport £212,587  (+6.44%)
  • Trafford £265,557  (+6.13%)
  • Wigan £129,236  (+6.13%)
  • Oldham £126,114  (+4.69%)
  • Rochdale £129,531  (+5.13%)
  • Bolton £123,973  (+1.06%)
  • Greater Manchester average - £160,029 (+6.4%)

If you’re looking to buy a property in Manchester or its surrounding areas, get in touch with one of the best mortgage brokers Manchester has to offer. Here at TaylorMade we can help you find the right mortgage deal for you and point you in the right direction of the lenders most likely to provide you with the loan you need. So whether you’re buying a home with a small deposit or you have a less than perfect credit rating, we can help you every step of the way.

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