Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

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Sunday, 29 January 2017

Manchester house price growth at a 12-year high

UK city prices rose in 2016

UK house price growth was steadier in 2016 at the national level. 

However, there was still a solid 7.2 per cent growth in Hometrack's 20 Cities Index, which records results for the major conurbations only. 

In London, price growth steadied to 7.3 per cent, with the top end of the market likely to feel the pain of excessively high stamp duties in 2017. 

Even Cambridge saw price growth slow after another truly spectacular run.

Source: Hometrack

After a harsh correction and slow recovery, it's no surprise to see price growth in Manchester up to a 12-year high. 

With an urban population of more than 2.5 million, the north west is one of the regions of England with genuine price growth potential.

In particular, there are good opportunities in Manchester in the £250,000 to £400,000 price bracket.

Between £400,000 and £925,000, I'd look at London. 

You can read about our Manchester buyer's agency service here