Exclusive Analysis: House Price Trends in Greater Manchester Compared to National Trend

House prices have been a hot topic of conversation across the UK, with a general trend of falling prices. However, some parts of Greater Manchester have been defying this national trend. Our exclusive analysis of the latest Land Registry data has revealed the postcode areas in the region where house prices are soaring, as well as the areas where property prices are falling.

In areas where house prices are rising, Deansgate stands out with a significant increase of 22.4 percent over the last year. The average property price in Deansgate is now £323,500, making it one of the most expensive streets to live on in the UK. Other areas seeing a rise in property costs include BL1, M21, OL4, OL11, SK2, BL7, and M32.

On the other hand, there are also postcode areas in Greater Manchester where house prices are falling. In M15, Hulme has seen a decline of 23.6 percent despite being named a property hotspot earlier this year. Similarly, areas like OL1, BL5, SK7, OL5, M50, and SK15 are experiencing a decrease in property costs.

Understanding the fluctuations in house prices can provide valuable insights into the current state of the local property market. Whether it’s soaring prices in sought-after areas or falling costs due to a decline in demand, the data reveals a dynamic and ever-changing landscape in the housing market of Greater Manchester.