17 Mar The study shows what a significant year 2015 turned out to be for Greater Manchester and the potential for investment in the housing sector.
The study shows what a significant year 2015 turned out to be for Greater Manchester and the potential for investment in the housing sector.
The analysis of Land Registry data reveals that Salford’s housing market saw a massive rise in prices with the average M5 house price increasing by 34 per cent compared to the previous three years. An average property in the borough increased in value from £95,500 between December 2011 and November 2014, to £127,890 only a year on in November 2015.
For a first-time buyer or a buy-to-let investor, these up and coming areas can provide an affordable alternative to buying in an already established area. You could see your property grow in value quickly.
But Salford was not the only region in Greater Manchester to make the list. Manchester (M12) came next on the list directly after Salford, and fifth in the list of UK hotspots, with the average house price in the borough rising by 32 pc to £98,000 for the period between December 2014 and November 2015. This was a massive climb from the previous average, for 2011 to 2014, of £74,000.