{"id":6035437,"date":"2021-08-03T11:30:28","date_gmt":"2021-08-03T10:30:28","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=6035437"},"modified":"2021-08-03T11:30:28","modified_gmt":"2021-08-03T10:30:28","slug":"towns-and-cities-in-the-north-west-leading-uk-house-price-growth","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-us\/2021\/08\/03\/towns-and-cities-in-the-north-west-leading-uk-house-price-growth\/","title":{"rendered":"Towns and cities in the north-west leading UK house price growth"},"content":{"rendered":"

The north-west is leading house price growth on a regional and city level. Here are some of the top-performing towns and cities in the region that buy-to-let investors could look at targeting.<\/strong><\/p>\n

The average UK house price has hit \u00a3230,700, according to Zoopla’s House Price Index<\/a>\u00a0for June 2021. This is a new high and 30% more than the previous market peak in 2007. House prices<\/a> are being driven up by a mismatch between surging demand<\/a> from potential buyers and the number of homes for sales.<\/p>\n

Gr\u00e1inne Gilmore, head of research at Zoopla, says: “Demand is moderating from record high levels earlier in the year, but remains significantly up from typical levels, signalling that above average activity levels will continue in the coming months.\u201d<\/p><\/blockquote>\n

North-west remains top property hotspot<\/h4>\n

At a regional level in England, house price growth was the highest in the north-west<\/a>. The average house price for the region has increased by an impressive 7.3% within the the past year.<\/p>\n

The region has had a particularly busy year in the property market, despite the uncertainty that came with the COVID-19 pandemic. In the coming months and years, house price growth is expected to remain strong.<\/p>\n

Rochdale<\/h4>\n

A large town in Greater Manchester, Rochdale is registering annual house price growth of more than 9%. The town is leading towns and cities in the UK and has even recently been named one of the top up-and-coming property hotspots<\/a>\u00a0by property website Boomin.<\/p>\n

According to data from Rightmove<\/a>, Rochdale is also a top rental hotspot. The average asking rent per month has grown from \u00a3713 in June 2020 to \u00a3947 in June 2021. This is a whopping 32.7% annual change, which is the biggest rent rise in Great Britain.<\/p>\n

Bolton<\/h4>\n

Another large town in Greater Manchester, Bolton<\/a> is located only 10 miles from the Northern Powerhouse city. Bolton is becoming a hotspot for commuters and young professionals, in addition to property investors looking for opportunities away from the major cities.<\/p>\n

Bolton has also seen house prices increase by over 9% annually. Additionally, there are above average rental yields of about 5% and higher. Over the next decade, an\u00a0\u00a31bn regeneration scheme<\/a> will transform the town. Because of this, prospects are only expected to improve in the coming years. This makes it a key location for property investors and homebuyers.<\/p>\n

Liverpool<\/h4>\n

In Zoopla\u2019s index of the UK\u2019s larger cities, Liverpool leads the way in annual house price growth with an 8.9% rise. The average house price in the city still remains low with \u00a3133,500, which is nearly \u00a3100,000 less than the UK average.<\/p>\n

On top of that, Liverpool often records the highest rental yields<\/a> in the UK, making it one of the best locations for buy-to-let investors to target. Certain postcodes in the city are even home to average yields over 10%.<\/p>\n

Manchester<\/h4>\n

Manchester<\/a> comes in third out of the UK\u2019s 20 larger cities tracked by Zoopla. The Northern Powerhouse city recorded\u00a0a 7.4% increase in annual house prices in the past year. Following this growth, the average property price now sits at \u00a3188,900.<\/p>\n

As a whole, Greater Manchester<\/a> has become a top property hotspot. This area is providing exciting property investment opportunities for investors looking to buy in a major city or in peripheral towns.<\/p>\n

BuyAssociation has a range of investment opportunities<\/a> in the north-west of England. Become a member<\/a>\u00a0for free to gain first access to our best deals.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

The north-west is leading house price growth on a regional and city level. Here are some of the top-performing towns and cities in the region that buy-to-let investors could look at targeting. The average UK house price has hit \u00a3230,700, according to Zoopla’s House Price Index\u00a0for June 2021. This is a new high and 30%… Read more »<\/a><\/p>\n","protected":false},"author":1982,"featured_media":5025640,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[420,2,111,349,6],"tags":[33,314,17],"acf":[],"_links":{"self":[{"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/posts\/6035437"}],"collection":[{"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/users\/1982"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/comments?post=6035437"}],"version-history":[{"count":0,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/posts\/6035437\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/media\/5025640"}],"wp:attachment":[{"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/media?parent=6035437"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/categories?post=6035437"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-us\/wp-json\/wp\/v2\/tags?post=6035437"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}