With Greater Manchester’s property market undergoing a boom and proving its resilience during the coronavirus pandemic, at North Property Group we already know that a property investment in Manchester is a good bet for 2021.
But you don’t need to just take our word for it. A recent study by the UK property website Boomin has analysed over 600 UK locations to find the most desirable up-and-coming property hotspots in the UK this year. Proving its desirability once again, seven of the top 20 are in Greater Manchester.
Most desirable locations
The research by Boomin took a number of factors into consideration to create its definitive list. These included house prices, search demand, desirability, amenities, crime rates and positive news about the area.
And what came out of that research was yet more evidence that a property investment in the Manchester area is an excellent choice in 2021. Out of the top 20 most desirable UK locations, 35% are in the Greater Manchester area.
Dominating the top 20
Out of all the Greater Manchester regions in the top 20, Wigan came out highest in 2nd place. Manchester city centre followed closely behind in 4th place, with Rochdale in 7th and Leigh in 8th, closing out Greater Manchester’s presence in the top 10.
In 11th place was Stretford, 16th was Oldham, and Heywood came in 19th.
But it wasn’t just Greater Manchester that performed strongly. Other areas of the north west, as well as Wales, also dominate the top 20 list. Yorkshire and the Humber, the west midlands and Northern Ireland also featured.
What this shows is an emerging north-south divide in property hotspots. Where the south once dominated, it is being left behind by the better quality of life and increased demand in the north.
Strong capital growth
Other factors that have led to Greater Manchester having so many sought-after up-and-coming property hotspots are the reasonable property prices and strong capital growth in the area.
The recent House Price Index by Zoopla revealed Manchester to have seen a 7.2% increase in property prices over the past year – the second highest among the UK’s 20 largest cities.
Savills has also forecasted that the north west will undergo the strongest house price increases in the UK over the next few years, growing by almost 29% by 2025.
Get in touch
To find out more about making a property investment in Manchester, get in touch with the northern property investment experts at North Property Group now.