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

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Saturday, 29 April 2017

Manchester surge

Manchester leads

Manchester leads the UK housing market, with price growth hitting a 12-year high.

Price growth across the 20 City Index average 6.4 per cent over the year to March 2017, some way faster than the national average. 

Source: Hometrack

Some of the regional cities are now seeing solid price growth, after a rough trot through the recession.

Reported Hometrack:

"Attractive affordability levels, record low mortgage rates and an improving economic outlook are all supporting demand for housing. 

Together with limited availability of stock for sale this is creating scarcity and an upward pressure on house prices."