In recent years, the Manchester housing market has seen unprecedented growth, particularly in certain areas such as the city centre, as well as the immediate outskirts. Manchester is now considered one of the premier property investment opportunities in the UK, with growth figures year on year placing the city in second place only after the London property market. Along with this boom in the demand for Manchester properties, there have also been many changes to the local area that have seen certain sections of the city rise, seemingly, from nowhere to become sought after property hotspots.
Previously considered an underprivileged area, Salford is now home to the Salford Quays development, as well as MediaCityUK, which is famously the new home of the BBC. The extension of the Manchester Metrolink, which continues to be ongoing, has also rendered more areas, such as Ashton-Under-Lyne and Eccles, more accessible to the city centre, raising their desirability amongst young professionals and property developers alike. The most expensive area to live in within the centre of Manchester is now the borough of Trafford, with the average house price for a detached home there in 2014 coming in at over £435,000. More affordable areas include Thameside, Wigan and Rochdale, where house prices are significantly less than half this figure.
If you are looking to learn more about the process of buying a house, or of selling, please see the conveyancing section of our website where we have listed multiple useful resources to aid you through some of the more complex aspects of conveyancing law, as well as more practical information, such as house buying checklists and a conveyancing fee calculator.
If you are considering buying or selling a property in Manchester, let our conveyancing solicitors help. Contact us on0343 507 5151 or fill out our online contact form for a free, no-obligation and confidential discussion about your property.
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Head of Residential Property and ConveyancingResidential Property
Philip Hammond has scrapped stamp duty for 1st time buyers up to £300,000
Whether you own the freehold or just the leasehold will affect your rights over the property.