We’ve known it all along but now it’s official – Manchester is leading the way when it comes to property. According to the latest figures from property data firm Hometrack prices in Manchester are rising faster than in any other city in the UK. The UK Cities House Price Index reveals prices soared in the city by 8.8% within 12 months. And an increase in prices means only one thing – demand is soaring. It’s clear investors and homebuyers alike are looking to Manchester to snap up property.
Property prices here are still relatively low compared to other areas. The average price of a home in Manchester is just under £152,000 – compared to almost £490,000 in the capital. But with the city experiencing the fastest price growth rate that may soon change.
If you’re thinking of getting on the property ladder then now might be the time to do it. There are some fantastic mortgage rates on offer, interest rates are still at record lows and the property market here in Manchester is hotter than ever. Call in to our office on Piccadilly or give us a call to find out how we can help you make the move into home ownership.
A mortgage is a loan secured against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.