Manchester house prices rising faster than other UK cities

Manchester is seeing the fastest house price growth of any city in the UK – an extraordinary 8.8% year-on-year.

This rise outstrips even the most sought-after London neighbourhoods, confirming the city is leading the way in the UK property market.

Latest figures from property analytics company Hometrack demonstrate that the average house price in Manchester is around the £152,000 mark, which is still lower than many other cities

Here are average house prices in February in the 20 cities in Hometrack’s index, and the year-on-year increase:

1. Manchester, £151,800, 8.8%

2. Portsmouth, £225,600, 8.1%

3. Bristol, £261,900, 8%

4. Glasgow, £117,900, 7.7%

5. Birmingham, £148,300, 7.4%

6. Leicester, £162,400, 7.2%

7. Liverpool, £115,600, 6.8%

8. Bournemouth, £275,500, 6.2%

9. Southampton, £220,600, 6%

=10. London, £488,700, 5.6%

=10. Sheffield, £130,800, 5.6%

=10. Nottingham, £140,700, 5.6%

13. Edinburgh, £203,900, 5.5%

=14. Leeds, £154,800, 5%

=14. Cardiff, £193,700, 5%

16. Belfast, £127,700, 3.8%

17. Newcastle, £123,800, 3.7%

18. Oxford, £409,700, 3.4%

19. Cambridge, £418,400, 2.2%

20. Aberdeen £181,600 minus 5.9%

And there is no sign of it slowing down – JLL, the investment management company, also expects to see prices rocket by more than 29% in the next four years.

Read the full article here 
30 March 2017
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