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Lead House Price Growth

Sell My House Quickly in Manchester

Sell My House Quickly found another interesting article about properties in Manchester. Liverpool and Manchester continue to lead UK house price growth.

Buyer demand has remained strong in the housing market even during the third national lockdown. This demand is continuing to support house price growth, with the north-west leading the way.

Lead House Price GrowthThe latest index from Zoopla reveals UK house price growth has risen by 4.3% from January 2020 to January 2021. Demand for housing remains at 12.4% higher than this time last year, even during the third country-wide lockdown. This strong demand from buyers is continuing to come forward despite the imminent end to the stamp duty holiday.

There continue to be regional variations in the UK housing market. Successive lockdowns has led to a number of people reassessing what they want and need from their homes. Changing work patterns, additional space and a better location mean new property preferences have emerged. And cheaper house prices outside of the capital are continuing to play a major role in these new trends.

North-west in high demand

House prices in Wales and the north-west of England led the way with prices having risen by an average of 5.6% and 5.5% on an annual basis. Zoopla’s index also reveals which cities are seeing particularly strong demand and growth.

Liverpool is at the top of the list, where average values have gone up by an impressive 6.8% since last January. Following closely behind, Manchester has seen a 6.3% rise in house prices. And Leeds is next with a 5.5% increase.

In recent years, the housing markets in these cities have been strengthening even before the current change in conditions. The economy and job markets in the north have developed with more people and businesses relocating to these areas. This in turn has supported investment and growth in the property markets of these regions.

Expectations for the rest of 2021

The stamp duty holiday has provided a major incentive for buyers. The strong appetite from buyers is expected to remain throughout Q1 as buyers continue to search for more space. Others are looking to make location moves due to the rise of remote working.

We found this article about Liverpool and Manchester continue to lead UK house price growth on BuyAssociation. Kindly click the link to read the full story.

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