UK Housing Market Back on Track: Led by Manchester Property Price Rises with Biggest Year-on-Year Growth.

The North-South divide in the housing market is becoming more prevalent this year, as the more affordable markets are out-performing the top-priced areas across the country. According to the latest House Price Index by Zoopla, the average house prices across the UK are 0.5% higher than they were a year ago, coinciding with buyer demand rising by a massive 20% year-on-year.

The debate of investing North vs South in England is becoming easier and easier to choose, as more affordable areas are out-performing the highest-priced spots around England. Zoopla recently released their House Price Index, that show us the average house prices are 0.5% higher than they were this time last year – with buyer demand rising by an impressive 20% in that time.

As the country and the market recovers, the Manchester property market has been one of the most resilient cities for several years, boasting a 2% property price increase since June last year, which is higher than every other city in England.

Investing in the North of the country has become favourable for almost all investors, due to better affordability, economic improvements, and growing job markets across regional towns and cities. Further research within the Capital shows a rise in the number of landlords selling up in London, as property investment in the north is becoming a more competitive space.

Manchester has been the number one investment hotspot for a number of years, with recent research showing that property investors in the city had achieved 65% growth over the past eight years.

Alistair Wells, business expert & owner of Tend Legal.

If you’re looking to invest in a prime hotspot, reach out to our expert team of property consultants today for more information on beginning or developing your investment journey.