{"id":6035753,"date":"2021-09-13T09:38:48","date_gmt":"2021-09-13T08:38:48","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=6035753"},"modified":"2023-09-12T16:21:38","modified_gmt":"2023-09-12T15:21:38","slug":"how-stockport-has-become-one-of-uks-fastest-growing-property-markets","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-gb\/2021\/09\/13\/how-stockport-has-become-one-of-uks-fastest-growing-property-markets\/","title":{"rendered":"How Stockport has become one of UK’s fastest growing property markets"},"content":{"rendered":"
The up-and-coming town in Greater Manchester has risen through the ranks as a property investment hotspot in the north-west<\/a>, with a host of exciting regeneration projects in the pipeline.<\/strong><\/p>\n During the first half of 2021, the number of prospective property buyers in Stockport surged by more than 500%. The peak in interest in the Manchester commuter<\/a> town was registered by the Royal Institute of Chartered Surveyors (RICS). The firm noted a huge rise in the number of instructions they received to carry out property surveys.<\/p>\n The surveyors completed 1,887 surveys in total between January and July this year. This is a significant increase from just 311 in 2020, making it by far the biggest rise in the UK. While much of the UK property market continues to recover in the aftermath of Covid, this city is taking a major lead, according to the data.<\/p>\n Property management and inspection firm Property Inspect compiled the research from RICS data. Commercial director Warrick Swift believes positivity in the sector will continue after “skyrocketing” in recent months.<\/p>\n \u201cHouse inspections are typically conducted by a buyer before contracts are exchanged to understand more about the fabric and condition of the property,” comments Swift. “Inspections are not mandatory but can sometimes save buyers thousands by revealing issues that may not have been evident upon initial viewing.<\/p>\n \u201cThough favourable market conditions like the stamp duty holiday<\/a> have been somewhat rolled back, properties are still in high demand across the country, pushing prices up,” he adds.<\/p><\/blockquote>\nSector is “skyrocketing”<\/h4>\n